In 2023, South Korea led the global export of phenols and phenol-alcohols at approximately 1.29 billion USD, marking a 2.28% year-on-year increase. Belgium and Thailand followed, while the United States and Japan saw declines of 3.53% and 0.44%, respectively. Notable increases include Singapore's 3.3% rise and India's 2.67%. Ireland exhibited substantial growth with 110.63%, while exports from Russia and Lithuania plummeted by over 16% and 46% respectively. The Compound Annual Growth Rate (CAGR) over the last five years shows stability in major exporters, despite the periodic fluctuations.
Future trends to watch include increased demand from emerging industries and potential geopolitical shifts affecting international trade. Monitoring technological advancements and environmental regulations could provide insights into export dynamics and critical market shifts.
Top countries in Export of Phenols and Phenol-Alcohols by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 1,294,400,000 | 2023 | +4.24% | +2.28% | View data |
| 2 | 2 Belgium | 839,630,000 | 2023 | +0.78% | +0.39% | View data |
| 3 | 3 Thailand | 591,120,000 | 2023 | +4.23% | +2.4% | View data |
| 4 | 4 United States | 535,580,000 | 2023 | -3.11% | -3.53% | View data |
| 5 | 5 Japan | 534,130,000 | 2023 | -0.67% | -0.44% | View data |
| 6 | 6 Singapore | 530,650,000 | 2023 | +3.97% | +3.3% | View data |
| 7 | 7 China | 440,770,000 | 2023 | +3.46% | +1.87% | View data |
| 8 | 8 Germany | 310,580,000 | 2023 | -1.5% | -2.11% | View data |
| 9 | 9 Saudi Arabia | 259,400,000 | 2023 | +6.45% | +1.93% | View data |
| 10 | 10 India | 257,410,000 | 2023 | +2.74% | +2.67% | View data |
