The global export market of phenol in 2023 reveals Belgium as the leading exporter, contributing 26.3% of the total market value. South Korea follows with a significant share of 22.49%, showing a 2.49% increase from the previous year, while the United States experienced a decline of 4.47%. Notable growth is observed in Indonesia with a 27.24% year-on-year increase, and India's share rose by 5.05%. Conversely, Japan and Canada saw steep declines of 47.4% and 16.05%, respectively.
Looking ahead, key future trends include:
- Increased focus on sustainability and green chemistry, impacting production and export strategies.
- Potential geopolitical shifts affecting supply chains and trade tariffs.
- Technological advancements leading to improved production efficiencies.
Top countries in Export of Phenol (Hdroxybenzene) Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 26.3 | 2023 | +0.97% | +0.39% | View data |
| 2 | 2 South Korea | 22.49 | 2023 | +4.78% | +2.49% | View data |
| 3 | 3 Thailand | 11.28 | 2023 | +4.75% | +1.85% | View data |
| 4 | 4 United States | 10.06 | 2023 | -3.99% | -4.47% | View data |
| 5 | 5 Finland | 6.07 | 2023 | +0.37% | +0.21% | View data |
| 6 | 6 Netherlands | 5.26 | 2023 | +3.33% | +4.11% | View data |
| 7 | 7 Singapore | 4.71 | 2023 | +2.07% | +2.48% | View data |
| 8 | 8 China | 2.57 | 2023 | +3.48% | +3.95% | View data |
| 9 | 9 South Africa | 1.49 | 2023 | +2.19% | +0.55% | View data |
| 10 | 10 Brazil | 1.46 | 2023 | +2.64% | -0.99% | View data |
