The United States leads the global export of Hydroquinone in 2023 with a significant margin. Notable growth in export volume is observed in the Netherlands, Germany, and Russia, with year-on-year increases of over 5%. Interestingly, Poland shows the most substantial growth, recording a 22.17% increase. In contrast, China, Singapore, and Canada experienced declines in export volumes, with Canada showing the most significant drop of over 20%. Other countries, like India, UK, and Brazil, maintain moderate growth trajectories, while Portugal exhibits a remarkable rise in percentage terms albeit from a very low base.
Future trends to watch include China's potential to regain its growth trajectory, influencing the global market. Additionally, the advancement of eco-friendly alternatives may impact demand patterns, while geopolitical factors could alter supply dynamics. Monitoring technological advancements in production may also provide insights into cost efficiencies and competitiveness across producing countries.
Top countries in Export of Hydroquinone (Quinol) by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 15,936,000 | 2023 | +2.55% | +3.54% | View data |
| 2 | 2 Netherlands | 2,661,800 | 2023 | +2.98% | +5.59% | View data |
| 3 | 3 Germany | 2,018,300 | 2023 | +3.35% | +5.02% | View data |
| 4 | 4 India | 1,563,600 | 2023 | +1.88% | +1.51% | View data |
| 5 | 5 China | 1,001,500 | 2023 | -5.04% | -5.55% | View data |
| 6 | 6 United Kingdom | 684,510 | 2023 | +4.28% | +3.31% | View data |
| 7 | 7 Brazil | 40,850 | 2023 | +3.73% | +2.08% | View data |
| 8 | 8 Russia | 28,310 | 2023 | +4.04% | +5.51% | View data |
| 9 | 9 Poland | 27,830 | 2023 | +6.42% | +22.17% | View data |
| 10 | 10 Malaysia | 23,380 | 2023 | +5.09% | +7.34% | View data |
