Germany leads the global export of propylene glycol with a share of 29.17%, showing a modest growth of 0.33% in 2023. Thailand and China follow with shares of 17.77% and 15.7%, respectively, demonstrating significant increases of 4.68% and 3.86%. South Korea and Singapore are notable exporters, though Singapore experiences a decline by 1.91%. Saudi Arabia, Netherlands, and France show small fluctuations, while Kuwait stands out with an extraordinary growth of 581.66%, emerging as a future key player. Brazil's exports decreased dramatically by 14.97%.
Future trends to watch include the rising role of Kuwait in the market, boosted by its substantial year-on-year increase. Potential areas of decline include Brazil and Austria. Emerging markets such as Bulgaria, Croatia, and Oman show promising growth potential, signaling shifts in global export dynamics. Continuous monitoring of political and economic developments will be vital for assessing future growth trajectories in the industry.
Top countries in Export of Propylene Glycol (Propane-1,2-Diol) Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 29.17 | 2023 | +0.45% | +0.33% | View data |
| 2 | 2 Thailand | 17.77 | 2023 | +4.97% | +4.68% | View data |
| 3 | 3 China | 15.7 | 2023 | +3.56% | +3.86% | View data |
| 4 | 4 South Korea | 8.97 | 2023 | +2.93% | +2.19% | View data |
| 5 | 5 Singapore | 7.39 | 2023 | -2.02% | -1.91% | View data |
| 6 | 6 Saudi Arabia | 7.31 | 2023 | +6.65% | +2.52% | View data |
| 7 | 7 Netherlands | 7.08 | 2023 | -1.32% | -1.2% | View data |
| 8 | 8 France | 3.36 | 2023 | -2.13% | -1.53% | View data |
| 9 | 9 Romania | 1.01 | 2023 | +4.14% | -0.43% | View data |
| 10 | 10 Italy | 0.66 | 2023 | +2.83% | +2.53% | View data |
