In 2023, South Korea led global isocyanate exports, valued at approximately 1.5099 billion USD, showcasing a 3.41% increase. Germany and Hungary followed closely, with respective growths of 1.81% and 3.8%. China exhibited a significant 4.53% rise, while Japan faced a 5.63% decline. Emerging exporters like Kazakhstan and Latvia had notable increases of over 13%, depicting potential market shifts. Meanwhile, established exporters such as the United States and Belgium had modest gains. Declines in countries like Italy, Greece, and Singapore suggest market fluctuations.
Future trends could involve growing competition from developing markets, advances in industrial applications, and geopolitical impacts on trade. Monitoring regulatory changes and technological innovations in isocyanate production will be crucial for sustained growth.
Top countries in Export of Isocyanates by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 1,509,900,000 | 2023 | +3.79% | +3.41% | View data |
| 2 | 2 Germany | 1,320,200,000 | 2023 | +2.27% | +1.81% | View data |
| 3 | 3 Hungary | 1,071,100,000 | 2023 | +4.26% | +3.8% | View data |
| 4 | 4 China | 900,630,000 | 2023 | +4.54% | +4.53% | View data |
| 5 | 5 United States | 645,700,000 | 2023 | +1.29% | +0.35% | View data |
| 6 | 6 Belgium | 625,210,000 | 2023 | +2.26% | +1.25% | View data |
| 7 | 7 Japan | 445,670,000 | 2023 | -2.13% | -5.63% | View data |
| 8 | 8 Netherlands | 256,430,000 | 2023 | +2.46% | +1.33% | View data |
| 9 | 9 India | 117,500,000 | 2023 | +5.48% | +5.14% | View data |
| 10 | 10 United Arab Emirates | 64,421,000 | 2023 | +4.77% | -0.44% | View data |
