In 2023, Germany led the global export market for Ethylene Oxide with a significant share, and registered a modest increase of 0.56% compared to the previous year. The Netherlands followed, showing a solid growth of 0.72%. Meanwhile, Belgium, the third largest exporter, experienced a decline of 1.91%. Notably, China demonstrated strong growth with a year-on-year increase of 5.62%, despite its smaller overall share. The United States and South Korea faced notable declines of 4.13% and 6.4%, respectively.
Looking to the future, factors such as advancements in production technologies and geopolitical dynamics will influence the export landscape. Continued growth in Asian markets, particularly China, is anticipated. Additionally, environmental regulations may impact production capacities and trade policies, reshaping the global market. Close monitoring of these trends will be crucial for market participants.
Top countries in Export of Oxirane (Ethylene Oxide) Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 43.02 | 2023 | +1.16% | +0.56% | View data |
| 2 | 2 Netherlands | 29.01 | 2023 | +1.61% | +0.72% | View data |
| 3 | 3 Belgium | 13.62 | 2023 | +1.12% | -1.91% | View data |
| 4 | 4 Russia | 3.62 | 2023 | +2.42% | +2.31% | View data |
| 5 | 5 Spain | 2.62 | 2023 | +1.4% | +2.22% | View data |
| 6 | 6 United States | 1.95 | 2023 | -5.04% | -4.13% | View data |
| 7 | 7 India | 0.35 | 2023 | +1.52% | +0.56% | View data |
| 8 | 8 China | 0.12 | 2023 | +2.49% | +5.62% | View data |
| 9 | 9 United Kingdom | 0.12 | 2023 | -7.52% | -7.43% | View data |
| 10 | 10 Thailand | 0.093 | 2023 | +4.37% | +4.46% | View data |
