In 2023, China led the global export of carboxylic acids, possessing a substantial 22.76% share by kilograms, followed by Japan and Italy with 14.14% and 12.71%, respectively. The United States and Canada trailed closely with shares of 11.69% and 11.67%. Analysis of year-on-year variations showcases notable expansion for India and Malaysia, with increases of 5.35% and 5.71%. Conversely, Germany and Belgium exhibited declines of 1.51% and 9.33%. Over the past five years, noteworthy growth was evident in Greece and Estonia, while countries like Romania and Morocco faced significant contractions.
Future trends to watch include potential growth in emerging markets like Poland and India, supported by their increasing industrial capabilities. Meanwhile, established markets like China may face competitive pressures, possibly affecting their share. The development of sustainable production technologies could further influence market dynamics, especially in environmentally conscious regions.
Top countries in Export of Carboxylic Acids (Alcohol Function Only) Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 22.76 | 2023 | +3.7% | +4.12% | View data |
| 2 | 2 Japan | 14.14 | 2023 | +3.13% | +2.83% | View data |
| 3 | 3 Italy | 12.71 | 2023 | +1.95% | +1.83% | View data |
| 4 | 4 United States | 11.69 | 2023 | +0.83% | +1.4% | View data |
| 5 | 5 Canada | 11.67 | 2023 | +1.68% | +2.28% | View data |
| 6 | 6 South Africa | 5.96 | 2023 | +1.73% | +1.22% | View data |
| 7 | 7 India | 5.32 | 2023 | +5.31% | +5.35% | View data |
| 8 | 8 Germany | 4.7 | 2023 | -1.05% | -1.51% | View data |
| 9 | 9 Netherlands | 3.09 | 2023 | +1.38% | +2.16% | View data |
| 10 | 10 Brazil | 2.47 | 2023 | +2.17% | +2.1% | View data |
