In 2023, China continued to dominate the global export of hydantoin, carrying over half of the market share at 52.57%. The United States and Belgium followed but faced declines, with the US share decreasing by 4.89%. Notable growth came from the Netherlands and Thailand, who saw increases of 5.21% and 6.79%, respectively. Conversely, countries like El Salvador and Peru experienced significant reductions. These swings highlight a dynamic market with both emerging and struggling participants.
Looking ahead, monitor emerging markets like Thailand and Serbia, who show promising growth, while established exporters may need strategic adaptations to maintain or grow their shares.
Top countries in Export of Hydantoin Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 52.57 | 2023 | +2.66% | +3.28% | View data |
| 2 | 2 United States | 8.79 | 2023 | -4.96% | -4.89% | View data |
| 3 | 3 Belgium | 7.3 | 2023 | -0.073% | -0.58% | View data |
| 4 | 4 Germany | 5.39 | 2023 | +1.85% | +2.86% | View data |
| 5 | 5 Finland | 5.09 | 2023 | +5.94% | +0.92% | View data |
| 6 | 6 Spain | 4.75 | 2023 | +2.26% | +1.38% | View data |
| 7 | 7 India | 4.1 | 2023 | +1.08% | +2.01% | View data |
| 8 | 8 Netherlands | 3.94 | 2023 | +3.59% | +5.21% | View data |
| 9 | 9 Switzerland | 0.61 | 2023 | +1% | -0.95% | View data |
| 10 | 10 United Kingdom | 0.53 | 2023 | -19.39% | -18.89% | View data |
