In 2023, Malaysia led global exports of palmitic and stearic acid, with significant shares held also by Indonesia and India. The largest gains were seen in the Czech Republic, Poland, and South Africa, indicating strong upward trends. In stark contrast, the Netherlands, Austria, and Luxembourg reported decreases, hinting at potential market challenges or shifts in production.
Future trends to watch for include capacity expansion and technological investments in Asia, particularly Malaysia and Indonesia. Additionally, sustainability practices in production could influence global export patterns as environmental regulations potentially tighten. Demand growth in emerging markets and alternative applications could further reshape the landscape.
Top countries in Export of Palmitic Acid, Stearic Acid Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malaysia | 34.24 | 2023 | +2.99% | +3.53% | View data |
| 2 | 2 Indonesia | 19.36 | 2023 | +2.39% | +4.56% | View data |
| 3 | 3 India | 13.35 | 2023 | +3.15% | +3.57% | View data |
| 4 | 4 Singapore | 6.63 | 2023 | +2.67% | +2.21% | View data |
| 5 | 5 Italy | 6.34 | 2023 | +0.64% | +0.65% | View data |
| 6 | 6 China | 2.97 | 2023 | +0.91% | +0.81% | View data |
| 7 | 7 Germany | 2.48 | 2023 | -2.31% | -1.78% | View data |
| 8 | 8 Spain | 1.98 | 2023 | -1.58% | -1.36% | View data |
| 9 | 9 France | 1.31 | 2023 | +3.1% | -0.29% | View data |
| 10 | 10 Sweden | 1.26 | 2023 | -0.22% | +2.05% | View data |
