Argentina: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Argentina

In 2021, the Argentinian market for oleic, linoleic or linolenic acids, their salts and esters decreased by -9.2% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.3% against 2013 indices. Oleic, linoleic or linolenic acids consumption peaked at $X in 2020, and then declined in the following year.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Argentina

In value terms, oleic, linoleic or linolenic acids production dropped slightly to $X in 2021 estimated in export price. Overall, production showed a pronounced decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports from Argentina

In 2021, the amount of oleic, linoleic or linolenic acids, their salts and esters exported from Argentina soared to X tons, jumping by 130% compared with the previous year. In general, exports, however, showed a deep downturn. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decline. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Uruguay (X tons) was the main destination for oleic, linoleic or linolenic acids exports from Argentina, accounting for a 94% share of total exports. Moreover, oleic, linoleic or linolenic acids exports to Uruguay exceeded the volume sent to the second major destination, Paraguay (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uruguay amounted to +28.3%.

In value terms, Uruguay ($X) emerged as the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from Argentina, comprising 83% of total exports. The second position in the ranking was held by Paraguay ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Uruguay stood at +23.7%.

Export Prices by Country

In 2021, the average export price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, surging by 22% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 28% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Uruguay stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports into Argentina

In 2021, purchases abroad of oleic, linoleic or linolenic acids, their salts and esters was finally on the rise to reach X tons after three years of decline. Over the period under review, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, oleic, linoleic or linolenic acids imports skyrocketed to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +88.2% against 2019 indices. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and the Netherlands (X tons) were the main suppliers of oleic, linoleic or linolenic acids imports to Argentina, with a combined 67% share of total imports. Mexico, the United States, Brazil and China lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +88.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oleic, linoleic or linolenic acids suppliers to Argentina were the Netherlands ($X), the United States ($X) and Italy ($X), together accounting for 53% of total imports. These countries were followed by Germany, China, Mexico and Brazil, which together accounted for a further 40%.

China, with a CAGR of +104.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, increasing by 5.5% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oleic, linoleic or linolenic acids import price increased by +67.4% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 52%. The import price peaked at $X per ton in 2016; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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