In 2023, Spain led the European export market for Salicylic Acid and Its Salts with significant growth, showing a 36.67% increase from previous years. France maintained steady exports with no change, while the UK saw a substantial decline of -41.4%. Sweden and Croatia exhibited high growth rates, increasing by 90.71% and 23.44% respectively. Italy and Belgium also saw positive growth, whereas the Netherlands and Denmark experienced small decreases. The rest of the countries had mixed results with minor changes.
Looking towards the future, Spain is poised to maintain its leading position, potentially expanding its market share further. Attention should be given to Sweden, as its rapid growth could indicate emerging market dynamics. Conversely, the UK may need to strategize to recover its position. Overall, European countries might enhance research and development to expand applications of Salicylic Acid, while observing global economic influences on trade.
Top countries in Export of Salicylic Acid and Its Salts by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 6,222,700 | 2023 | +8.79% | +36.67% | View data |
| 2 | 2 France | 1,120,000 | 2023 | +3.14% | View data | |
| 3 | 3 Netherlands | 459,740 | 2023 | +2.75% | -1.83% | View data |
| 4 | 4 Belgium | 220,490 | 2023 | -3.64% | +11.9% | View data |
| 5 | 5 Poland | 83,310 | 2023 | +3.49% | +0.0029% | View data |
| 6 | 6 Italy | 45,720 | 2023 | -8.22% | +13.95% | View data |
| 7 | 7 Denmark | 44,970 | 2023 | +5.31% | -3.45% | View data |
| 8 | 8 United Kingdom | 33,060 | 2023 | -45.22% | -41.4% | View data |
| 9 | 9 Croatia | 5,160 | 2023 | +2.67% | +23.44% | View data |
| 10 | 10 Sweden | 5,050 | 2023 | +1.08% | +90.71% | View data |
