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291550 (Harmonized System 1992 for 6-digit)

2022
World Trade $569MRnk 2796 / 4648
2022
Top Exporter | Top Importer $144M | $56.7MUnited States | Netherlands
2022
Product Complexity 0.9Rnk 929 / 4653
2021 - 2022
Export Growth (CAGR) 20.5%Rnk 762 / 4648
2022
Share of World Trade 0.0024%Rnk 2796 / 4648

About

Overview This page contains the latest trade data of Propionic acid, its salts & esters. In 2022, Propionic acid, its salts & esters were the world's 2796th most traded product, with a total trade of $569M. Between 2021 and 2022 the exports of Propionic acid, its salts & esters grew by 20.5%, from $472M to $569M. Trade in Propionic acid, its salts & esters represent 0.0024% of total world trade.

Propionic acid, its salts & esters are a part of Saturated Acyclic Monocarboxylic Acids.

Exports In 2022 the top exporters of Propionic acid, its salts & esters  were United States ($144M), China ($82.4M), Netherlands ($71.5M), Germany ($62.5M), and Belgium ($28.6M).

Imports In 2022 the top importers of Propionic acid, its salts & esters were Netherlands ($56.7M), India ($41.1M), Brazil ($36.7M), Belgium ($32.4M), and Mexico ($32.1M).

Ranking Propionic acid, its salts & esters ranks 929th in the Product Complexity Index (PCI).

Description Propionic acid is an organic acid that is a component of the E-numbers E290 (propionates) and E296 (propionic acid esters). It is used as a preservative in various types of food.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Propionic acid, its salts & esters. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)United States$144M
Top Destination (2022)Netherlands$56.7M

In 2022 Propionic acid, its salts & esters were the world's 2796th most traded product (out of 4,648).

In 2022, the top exporters of Propionic acid, its salts & esters were United States ($144M), China ($82.4M), Netherlands ($71.5M), Germany ($62.5M), and Belgium ($28.6M).

In 2022, the top importers of Propionic acid, its salts & esters were Netherlands ($56.7M), India ($41.1M), Brazil ($36.7M), Belgium ($32.4M), and Mexico ($32.1M).

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Exporters of Propionic acid, its salts & esters (2022)
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Importers of Propionic acid, its salts & esters (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$26.3M
Top Destination Growth (2021 -  2022)Mexico$16.3M

Between 2021 and 2022, the exports of Propionic acid, its salts & esters grew the fastest in United States ($26.3M), Germany ($20.3M), China ($19.7M), India ($11.8M), and Netherlands ($10.3M).

Between 2021 and 2022, the fastest growing importers of Propionic acid, its salts & esters were Mexico ($16.3M), Brazil ($14.8M), India ($5.69M), Thailand ($5.13M), and United Kingdom ($4.97M).

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Exporters of Propionic acid, its salts & esters (2021 - 2022)

Importers of Propionic acid, its salts & esters (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Propionic acid, its salts & esters.

In 2022, market concentration measured using Shannon Entropy, was 3.62. This means that most of the exports of Propionic acid, its salts & esters are explained by 12 countries.

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Value of Exports in Propionic acid, its salts & esters

Net Trade

TOP NET EXPORTER (2022)United States$113M
TOP NET IMPORTER (2022)Brazil$36.5M

This map shows which countries export or import more of Propionic acid, its salts & esters. Each country is colored based on the difference in exports and imports of Propionic acid, its salts & esters during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Propionic acid, its salts & esters were United States ($113M), China ($61.1M), Germany ($40.7M), Sweden ($24.1M), and Netherlands ($14.8M).

In 2022, the countries that had a largest trade value in imports than in exports of Propionic acid, its salts & esters were Brazil ($36.5M), Mexico ($27M), United Kingdom ($18.1M), India ($16.4M), and Thailand ($14.6M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Propionic acid, its salts & esters.
It is possible to select the main countries that export or import Propionic acid, its salts & esters in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Propionic acid, its salts & esters by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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