In 2023, Saudi Arabia led the global export of acrylic acid and its salts, showing a notable year-on-year growth of 6.31%. China followed with a minor increase of 0.1%, while Germany experienced a decline of 2.09%. Japan displayed significant growth at 11.54%, whereas the United States, Malaysia, and Belgium saw downturns of over 6%. Poland and Sweden registered remarkable growth rates of 223.32% and 104.5%, respectively, illustrating dynamic regional performance shifts.
Looking forward, the global acrylic acid market is expected to be influenced by evolving supply chain dynamics and shifting regional demand patterns. Monitoring economic changes in large consumer countries and advancements in production technologies will be critical. Sustainability practices and regulatory changes may also reshape market landscapes.
Top countries in Export of Acrylic Acid and Its Salts Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Saudi Arabia | 28.18 | 2023 | +4.89% | +6.31% | View data |
| 2 | 2 China | 18.34 | 2023 | +2.94% | +0.1% | View data |
| 3 | 3 Germany | 17.13 | 2023 | -0.55% | -2.09% | View data |
| 4 | 4 Belgium | 10.57 | 2023 | -2.38% | -1.4% | View data |
| 5 | 5 Japan | 7.72 | 2023 | +2.08% | +11.54% | View data |
| 6 | 6 Malaysia | 4.62 | 2023 | -7.01% | -6.03% | View data |
| 7 | 7 United States | 4.41 | 2023 | -5.77% | -6.08% | View data |
| 8 | 8 Brazil | 4.37 | 2023 | +5.58% | +8.47% | View data |
| 9 | 9 Indonesia | 3.87 | 2023 | -0.04% | -1.13% | View data |
| 10 | 10 South Korea | 3.22 | 2023 | -0.45% | -1.35% | View data |
