The global isocyanates export landscape is led by South Korea, Germany, and Hungary, with South Korea increasing its share by 3.41% in 2023. Remarkable growth was observed in Kazakhstan, with a more than double increase of 143.28%, while Japan saw a decline of 5.63%. Noteworthy changes were also seen in Lebanon and Latvia, both showing significant increases in their exports. On the contrary, major declines were reported from Italy and Singapore.
Future trends to watch include:
- Potential further growth in emerging markets such as Kazakhstan and Lebanon.
- Recovery and stabilization in markets currently experiencing downturns, like Japan and Singapore.
- Monitoring of geopolitical and economic factors that could impact trade dynamics in global isocyanates exports.
Top countries in Export of Isocyanates Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 20.23 | 2023 | +3.79% | +3.41% | View data |
| 2 | 2 Germany | 17.69 | 2023 | +2.27% | +1.81% | View data |
| 3 | 3 Hungary | 14.35 | 2023 | +4.26% | +3.8% | View data |
| 4 | 4 China | 12.07 | 2023 | +4.54% | +4.53% | View data |
| 5 | 5 United States | 8.65 | 2023 | +1.29% | +0.35% | View data |
| 6 | 6 Belgium | 8.38 | 2023 | +2.26% | +1.25% | View data |
| 7 | 7 Japan | 5.97 | 2023 | -2.13% | -5.63% | View data |
| 8 | 8 Netherlands | 3.44 | 2023 | +2.46% | +1.33% | View data |
| 9 | 9 India | 1.57 | 2023 | +5.48% | +5.14% | View data |
| 10 | 10 United Arab Emirates | 0.86 | 2023 | +4.77% | -0.44% | View data |
