The global export market of diazo-, azo- or azoxy-compounds in 2023 showed significant dominance by China, holding over 62% of the global market share in kilograms, followed by Indonesia and South Korea. Notable year-on-year growth was observed in Italy and India, with increases exceeding 5%, while significant declines were seen in Japan, Poland, and Czech Republic. Slovenia experienced the highest growth surge. From a long-term perspective, China maintained a stable growth rate, securing its lead in exports.
In terms of future trends, the demand from developing countries, ongoing technological advancements, environmental policies, and sustainability concerns are expected to influence the market dynamics. Monitoring trade agreements and geopolitical tensions will be crucial for forecasting market shifts.
Top countries in Export of Diazo-, Azo- or Azoxy-Compounds Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 62.09 | 2023 | +2.51% | +2.44% | View data |
| 2 | 2 Indonesia | 16.04 | 2023 | +1.31% | +1.8% | View data |
| 3 | 3 South Korea | 5.72 | 2023 | +1.32% | -0.98% | View data |
| 4 | 4 India | 4.36 | 2023 | +3.9% | +5.55% | View data |
| 5 | 5 Thailand | 1.93 | 2023 | +0.61% | +1.34% | View data |
| 6 | 6 Germany | 1.53 | 2023 | +0.16% | +0.83% | View data |
| 7 | 7 Italy | 1.48 | 2023 | +3.88% | +6.03% | View data |
| 8 | 8 United States | 1.36 | 2023 | +0.48% | -1.61% | View data |
| 9 | 9 Latvia | 0.98 | 2023 | +3.38% | +3.61% | View data |
| 10 | 10 Japan | 0.6 | 2023 | -10.72% | -9.73% | View data |
