In 2023, China led the global export of unsaturated acyclic and cyclic monocarboxylic acids with a significant market share, experiencing a growth of 2.47% from the previous year. Germany and the United States followed with shares slightly decreasing by 0.17% and 0.46%, respectively. Emerging markets like Saudi Arabia and India showed robust growth at 2.78% and 3.34%, respectively. Notably, Brazil's exports surged by 5.13%, while established markets like the United Kingdom and Italy saw declining trends in their shares.
Future trends to watch include the continued dominance of Asia, particularly China and India, due to their expansion in manufacturing capabilities. Additionally, efforts towards sustainable and green chemistry might shift export dynamics, benefiting countries investing in eco-friendly production. Trade policies and geopolitical situations will also play critical roles in shaping future export shares.
Top countries in Export of Unsaturated Acyclic and Cyclic Monocarboxylc Acid Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 20.64 | 2023 | +3.41% | +2.47% | View data |
| 2 | 2 Germany | 11.49 | 2023 | +0.55% | -0.17% | View data |
| 3 | 3 United States | 10.32 | 2023 | +0.17% | -0.46% | View data |
| 4 | 4 Belgium | 9.72 | 2023 | +1.59% | +0.49% | View data |
| 5 | 5 Japan | 6.97 | 2023 | +0.89% | -0.23% | View data |
| 6 | 6 Saudi Arabia | 5.78 | 2023 | +6.02% | +2.78% | View data |
| 7 | 7 South Korea | 4.97 | 2023 | +2.72% | +2.14% | View data |
| 8 | 8 Thailand | 4.3 | 2023 | +3.95% | +4.27% | View data |
| 9 | 9 Netherlands | 4.23 | 2023 | +2.12% | +0.84% | View data |
| 10 | 10 Singapore | 4.01 | 2023 | +0.89% | +0.5% | View data |
