In 2023, China led the global export market for barbituric acid with a substantial 77.04% share. India followed with a 17.33% share, while countries like Hungary, Singapore, and Italy had considerably smaller shares, each under 1%. The year-on-year analysis for 2023 shows China and India experienced modest growth in export shares, with increases of 2.41% and 4.07%, respectively. Notably, South Korea and South Africa experienced significant growth but from a small base, with increases of 13.49% and 25.96%. On the other hand, Canada faced a notable decline of 13.55%.
Future trends to watch:
- China is expected to maintain its dominant position, though growth may stabilize as the market matures.
- India may continue to increase its share due to capacity expansions and favorable regulatory conditions.
- Emerging markets, particularly in Africa and Asia, could present new opportunities for smaller players with technological advancements in production.
Top countries in Export of Barbituric Acid Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 77.04 | 2023 | +3.2% | +2.41% | View data |
| 2 | 2 India | 17.33 | 2023 | +4.76% | +4.07% | View data |
| 3 | 3 Hungary | 0.6 | 2023 | -5.92% | -4.96% | View data |
| 4 | 4 Singapore | 0.31 | 2023 | +4.21% | +3.29% | View data |
| 5 | 5 Italy | 0.19 | 2023 | +2.04% | -3.27% | View data |
| 6 | 6 Belgium | 0.11 | 2023 | +3.11% | +1.29% | View data |
| 7 | 7 Senegal | 0.083 | 2023 | -0.3% | -4.99% | View data |
| 8 | 8 Canada | 0.053 | 2023 | -2.31% | -13.55% | View data |
| 9 | 9 South Korea | 0.019 | 2023 | +1.45% | +13.49% | View data |
| 10 | 10 South Africa | 0.005 | 2023 | -15.76% | +25.96% | View data |
