The European export market for benzoic acid is dominated by the Netherlands and Estonia, which together accounted for nearly 80% of the market by volume in 2023. The Netherlands saw a modest year-on-year growth of 2.82%, while Estonia experienced a significant increase of 7.79%. Notable decreases were observed in Spain and Italy, with a complete cessation in exports by both countries.
Future trends to watch include:
- The Netherlands and Estonia are likely to continue leading the market, but attention should be paid to the rapid growth in Sweden, which saw a 35.97% increase in 2023.
- Austria's significant 16.1% growth rate suggests potential for further expansion.
- Shifts in regulatory frameworks and global trade agreements may impact export shares in the coming years.
Top countries in Export of Benzoic Acid Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 58.97 | 2023 | +2.41% | +2.82% | View data |
| 2 | 2 Estonia | 20.95 | 2023 | +3.42% | +7.79% | View data |
| 3 | 3 Germany | 5.48 | 2023 | +9.75% | -3.14% | View data |
| 4 | 4 France | 4.93 | 2023 | +1.19% | -0.22% | View data |
| 5 | 5 Belgium | 3.95 | 2023 | +20.71% | +0.93% | View data |
| 6 | 6 Romania | 2.5 | 2023 | +3.26% | +0.66% | View data |
| 7 | 7 Poland | 0.8 | 2023 | +3.03% | +3.06% | View data |
| 8 | 8 Ireland | 0.3 | 2023 | +10.58% | -6.56% | View data |
| 9 | 9 Austria | 0.17 | 2023 | +1.95% | +16.1% | View data |
| 10 | 10 United Kingdom | 0.15 | 2023 | -1.35% | View data |
