In 2023, the Netherlands led the European export market for methanal with a 33.48% share, followed by Germany at 22.9% and Spain at 15.7%. Among the year-on-year variations from 2022, Germany saw a significant increase of 15.69%, while Italy experienced a notable decline of 24.98%. Noteworthy growth was also seen in Hungary and Portugal, with increases of 19.66% and 16.56% respectively. Denmark's export share dropped substantially, reaching zero in 2023.
Looking ahead, the market is likely to witness shifts shaped by evolving regulatory landscapes, increasing emphasis on sustainable production practices, and growing demand for formaldehyde-based products in emerging markets. Monitoring these trends will be essential for identifying growth opportunities in European exports.
Top countries in Export of Methanal (Formaldehyde) Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 33.48 | 2023 | -15.31% | +1% | View data |
| 2 | 2 Germany | 22.9 | 2023 | +0.15% | +15.69% | View data |
| 3 | 3 Spain | 15.7 | 2023 | +8.27% | -5.25% | View data |
| 4 | 4 Belgium | 12.81 | 2023 | +2.13% | View data | |
| 5 | 5 Poland | 5.09 | 2023 | +4.74% | +6.19% | View data |
| 6 | 6 Italy | 4.58 | 2023 | +1.18% | -24.98% | View data |
| 7 | 7 Slovakia | 1.65 | 2023 | -5.11% | -3.15% | View data |
| 8 | 8 Hungary | 1.63 | 2023 | +5.09% | +19.66% | View data |
| 9 | 9 United Kingdom | 1.18 | 2023 | +3.27% | +5.29% | View data |
| 10 | 10 Slovenia | 0.99 | 2023 | -3.12% | -0.69% | View data |
