In 2023, China dominated the global export of lactones, significantly outperforming other countries. Year-on-year trends show a mixed performance across key exporters: India, Thailand, and South Korea experienced strong growth, while major economies like the United States and Switzerland saw declining exports. Notable surges were observed in Serbia and Greece, reflecting emerging competitiveness. Conversely, traditional exporters such as Ireland and the UK faced notable setbacks.
Future trends to watch include potential growth in Asian markets, driven by economic expansion and demand for chemicals, alongside increased competition from smaller emerging markets. Sustainability measures and trade regulations may also impact global dynamics.
Top countries in Export of Lactones by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,528,100,000 | 2023 | +4.4% | +2.95% | View data |
| 2 | 2 Germany | 115,520,000 | 2023 | -1.99% | -2.23% | View data |
| 3 | 3 India | 95,066,000 | 2023 | +5.42% | +3.61% | View data |
| 4 | 4 Ireland | 71,673,000 | 2023 | -13.42% | -8.56% | View data |
| 5 | 5 Japan | 57,966,000 | 2023 | -1.64% | -0.6% | View data |
| 6 | 6 Italy | 57,478,000 | 2023 | +1.49% | +2.09% | View data |
| 7 | 7 United States | 52,154,000 | 2023 | -21.86% | -18.16% | View data |
| 8 | 8 Spain | 39,831,000 | 2023 | +1.71% | +1.69% | View data |
| 9 | 9 Switzerland | 39,696,000 | 2023 | -26.47% | -21.92% | View data |
| 10 | 10 Thailand | 33,468,000 | 2023 | +5.61% | +4.87% | View data |
