The global export of benzoic acid in dollar terms shows that the Netherlands and China are the leading exporters, with year-on-year growth rates of 1.22% and 1.67%, respectively. The United States and Estonia face a declining trend at -0.67% and -0.71%. India and France show strong growth at 2.5% and 4.19%. Smaller players like Latvia, Indonesia, and Israel exhibit significant growth, indicating their increasing footprint in the market. Conversely, Japan and South Africa experience substantial declines due to market dynamics and competitive pressures.
Looking forward, trends to watch include the continued rise of China and India, driven by robust industrial capabilities and cost efficiencies, while environmental regulations may impact Western nations' shares. Emerging markets may grow rapidly as they expand manufacturing capacities and increase their global trade exposure.
Top countries in Export of Benzoic Acid Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 24.35 | 2023 | +1.79% | +1.22% | View data |
| 2 | 2 China | 23.77 | 2023 | +2.8% | +1.67% | View data |
| 3 | 3 United States | 8.23 | 2023 | -0.27% | -0.67% | View data |
| 4 | 4 Estonia | 8.17 | 2023 | +0.56% | -0.71% | View data |
| 5 | 5 India | 6.33 | 2023 | +3.21% | +2.5% | View data |
| 6 | 6 France | 5.38 | 2023 | +3.06% | +4.19% | View data |
| 7 | 7 Germany | 5.25 | 2023 | +1.12% | +0.57% | View data |
| 8 | 8 Belgium | 3.9 | 2023 | +2.53% | +5.12% | View data |
| 9 | 9 United Kingdom | 2.73 | 2023 | +1.14% | +3.17% | View data |
| 10 | 10 Italy | 1.51 | 2023 | +0.12% | -0.94% | View data |
