In 2023, the United States led the global export of methacrylic acid and its salts with $75.169 million, experiencing a 3.42% increase compared to the previous year. Germany closely followed with $72.808 million, and Belgium, South Korea, and China showed similar competitive values, albeit China lagged slightly behind. Significant growth was noted in Malaysia (5.06%) and Brazil (7.31%), while some countries like Japan and South Africa saw declines, the latter with a substantial drop. Denmark's remarkable growth of 60.91% is notable but from a much lower base value.
Future trends to watch include increasing diversification and shifts in market leadership among countries. Exports from Asian countries like Thailand and Malaysia may continue to rise given their current growth trajectories. Monitoring developments in production capacity and geopolitical factors will also be crucial for understanding future export dynamics.
Top countries in Export of Methacrylic Acid and Its Salts by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 75,169,000 | 2023 | +3.43% | +3.42% | View data |
| 2 | 2 Germany | 72,808,000 | 2023 | +0.87% | +0.2% | View data |
| 3 | 3 Belgium | 61,904,000 | 2023 | +4.19% | +1.89% | View data |
| 4 | 4 South Korea | 61,222,000 | 2023 | +4.01% | +2.72% | View data |
| 5 | 5 China | 51,405,000 | 2023 | +4.36% | +3.15% | View data |
| 6 | 6 Thailand | 40,699,000 | 2023 | +5.84% | +3.92% | View data |
| 7 | 7 Japan | 16,374,000 | 2023 | -2.81% | -9.19% | View data |
| 8 | 8 Netherlands | 8,744,800 | 2023 | +3.92% | +2.96% | View data |
| 9 | 9 Spain | 370,480 | 2023 | +5.07% | +2.5% | View data |
| 10 | 10 Malaysia | 245,580 | 2023 | +1.99% | +5.06% | View data |
