In 2023, the United States held the largest share of global exports of nitrile-function compounds, followed by China and Germany. The US saw a slight decline, while China and several other countries like Thailand and India recorded growth. Japan and Canada experienced significant declines, whereas Serbia and Armenia had notable export increases. Over the past five years, the compound annual growth rate (CAGR) indicates variability, with some countries experiencing stable growth and others facing substantial fluctuations.
Future trends to watch include the potential for continued growth in Asian markets, particularly China and India, as well as increased market penetration in emerging markets. The shift towards sustainable and greener chemical production could also drive changes in export shares.
Top countries in Export of Nitrile-Function Compounds Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 25.93 | 2023 | +1.63% | -1.16% | View data |
| 2 | 2 China | 19.21 | 2023 | +3.82% | +2.81% | View data |
| 3 | 3 Germany | 8.65 | 2023 | +2.06% | +1.61% | View data |
| 4 | 4 South Korea | 8.62 | 2023 | +2.34% | +1.53% | View data |
| 5 | 5 Belgium | 6.41 | 2023 | +1.03% | +1.2% | View data |
| 6 | 6 France | 6.31 | 2023 | +0.34% | +0.35% | View data |
| 7 | 7 United Kingdom | 5.64 | 2023 | -1.97% | -2.83% | View data |
| 8 | 8 Russia | 3.56 | 2023 | +1.98% | +0.74% | View data |
| 9 | 9 Brazil | 2.86 | 2023 | +2.93% | +1.4% | View data |
| 10 | 10 Belarus | 2.1 | 2023 | +3.8% | +2.78% | View data |
