The global export market for Tetrahydrofuran in 2023 showed Germany leading with robust exports, growing marginally by 1.16%. Saudi Arabia and the UAE experienced significant growth of nearly 7%, whereas exports from the U.S. and Japan decreased sharply by over 11% and 15%, respectively. Malaysia also observed an 8% decline. Noteworthy is the sharp increase in export volumes from smaller markets such as Slovenia, Greece, and Chile, with over 160% growth in certain cases. Switzerland, despite negative growth, maintained a consistent export level.
Future trends to watch include the potential for further export expansion from rising players like Thailand and Chile due to their recent accelerated growth rates. With environmental considerations gaining importance, the demand for Tetrahydrofuran, particularly from economies with strong green policies, could adjust the competitive landscape. Investment in sustainable production methods might open new markets while influencing existing ones. Monitoring geopolitical shifts and trade agreements will be crucial to anticipate changes in export dynamics across major and emerging markets.
Top countries in Export of Tetrahydrofuran by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 40,538,000 | 2023 | +0.63% | +1.16% | View data |
| 2 | 2 Saudi Arabia | 12,792,000 | 2023 | +4.61% | +6.98% | View data |
| 3 | 3 China | 9,943,700 | 2023 | +3.85% | +3.44% | View data |
| 4 | 4 United States | 6,845,200 | 2023 | -12.23% | -11.05% | View data |
| 5 | 5 Malaysia | 6,493,400 | 2023 | -8.12% | -8.05% | View data |
| 6 | 6 United Arab Emirates | 6,285,600 | 2023 | +5.36% | +6.76% | View data |
| 7 | 7 Belgium | 3,825,900 | 2023 | -10.17% | -10.18% | View data |
| 8 | 8 Italy | 2,721,600 | 2023 | +4.43% | +1.66% | View data |
| 9 | 9 Switzerland | 1,550,000 | 2023 | +0.59% | -0.4% | View data |
| 10 | 10 United Kingdom | 1,294,800 | 2023 | -4.3% | -3.86% | View data |
