In 2023, China led the global export of silicones, contributing 27.99%. The United Kingdom (15.73%), U.S. (13.79%), and Belgium (9.5%) were key players. Notable growth came from countries like India and Saudi Arabia, registering 4.7% and 9.54% increases, respectively, while Japan and Malaysia saw declines. Emerging exporters such as Senegal and Paraguay exhibited significant growth, although from smaller bases.
Looking ahead, key trends include potential further growth from emerging markets due to industrialization and increased demand for silicones. Environmental regulations may impact traditional markets, redirecting focus to sustainable production and export methodologies. Monitoring these changes will be crucial for strategic adjustments.
Top countries in Export of Silicones Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 27.99 | 2023 | +4.93% | +4.34% | View data |
| 2 | 2 United Kingdom | 15.73 | 2023 | +1.42% | +1.67% | View data |
| 3 | 3 United States | 13.79 | 2023 | +0.29% | +0.77% | View data |
| 4 | 4 Belgium | 9.5 | 2023 | +1.08% | +1.14% | View data |
| 5 | 5 Japan | 7.46 | 2023 | -0.43% | -3.12% | View data |
| 6 | 6 Thailand | 6.9 | 2023 | +2.72% | +2.65% | View data |
| 7 | 7 South Korea | 4.2 | 2023 | +1.39% | +1.11% | View data |
| 8 | 8 India | 2.46 | 2023 | +4.02% | +4.7% | View data |
| 9 | 9 Netherlands | 2.14 | 2023 | -6.05% | -4.92% | View data |
| 10 | 10 Spain | 1.65 | 2023 | +2.93% | +2.9% | View data |
