In 2023, China led the global export market for petroleum resins, coumarone, indene, and polyterpenes, with a notable 3.27% growth from the previous year. South Korea and the Netherlands also showed positive trends with 3.32% and 0.33% growth, respectively. In contrast, Japan and Russia experienced declines of 1.92% and 4.27%. Noteworthy is the UK's 8.22% growth and Denmark's highest increase at 10.92%. Conversely, countries like Canada and Chile faced significant decreases, with Canada at -16.58% and Chile at -10.81%.
Looking ahead, emerging trends include:
- China and the United States are expected to maintain their dominant market positions.
- Technological advancement and sustainability practices may reshape export strategies.
- Watch for policy changes in major producing countries that could influence global demand.
- Emerging markets may play a more prominent role, driven by industrial growth and infrastructure developments.
Top countries in Export of Petroleum Resins, Coumarone, Indene, Polyterpenes by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 402,610,000 | 2023 | +3.97% | +3.27% | View data |
| 2 | 2 South Korea | 373,070,000 | 2023 | +2.77% | +3.32% | View data |
| 3 | 3 France | 273,030,000 | 2023 | +0.53% | +0.45% | View data |
| 4 | 4 United States | 258,100,000 | 2023 | +0.44% | +0.22% | View data |
| 5 | 5 Netherlands | 223,020,000 | 2023 | +0.98% | +0.33% | View data |
| 6 | 6 Singapore | 142,360,000 | 2023 | +5.8% | +2.23% | View data |
| 7 | 7 Japan | 114,750,000 | 2023 | -0.45% | -1.92% | View data |
| 8 | 8 Germany | 88,791,000 | 2023 | +0.78% | +1.02% | View data |
| 9 | 9 Thailand | 87,662,000 | 2023 | +3.46% | +3.9% | View data |
| 10 | 10 Belgium | 11,157,000 | 2023 | -7.19% | -5.84% | View data |
