Asia: 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 Asia

After two years of growth, the Asian market for oleic, linoleic or linolenic acids, their salts and esters decreased by -9.5% to $X in 2021. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then declined in the following year.

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

In value terms, oleic, linoleic or linolenic acids production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 17%. The level of production peaked at $X in 2020, and then declined slightly in the following year.

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

Exports in Asia

In 2021, shipments 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, exports showed tangible growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids exports surged to $X in 2021. In general, exports recorded a noticeable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the key exporter of oleic, linoleic or linolenic acids, their salts and esters, generating 36% of total exports. Malaysia (X tons) held the second position in the ranking, followed by Indonesia (X tons), India (X tons), Taiwan (Chinese) (X tons), South Korea (X tons) and Japan (X tons). All these countries together held near 61% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of oleic, linoleic or linolenic acids, their salts and esters. At the same time, Taiwan (Chinese) (+13.1%), Japan (+9.4%), Indonesia (+8.6%) and South Korea (+4.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia, with a CAGR of +13.1% from 2012-2021. India experienced a relatively flat trend pattern. By contrast, Malaysia (-1.2%) illustrated a downward trend over the same period. While the share of Indonesia (+6.3 p.p.), Taiwan (Chinese) (+5.1 p.p.) and Japan (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-1.8 p.p.), Malaysia (-5.4 p.p.) and China (-8.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) emerged as the largest oleic, linoleic or linolenic acids supplier in Asia, comprising 40% of total exports. The second position in the ranking was held by Malaysia ($X), with a 14% share of total exports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +2.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+3.7% per year) and India (-1.0% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, picking up by 29% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+5.0%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia

After three years of decline, supplies from abroad of oleic, linoleic or linolenic acids, their salts and esters increased by 52% to X tons in 2021. Total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids imports soared to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons), South Korea (X tons), Turkey (X tons), Indonesia (X tons), Singapore (X tons), the United Arab Emirates (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) represented roughly 85% of total imports in 2021. The following importers - Thailand (X tons) and Iran (X tons) - each finished at a 5.2% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +33.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oleic, linoleic or linolenic acids importing markets in Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for 50% of total imports. Singapore, Turkey, Indonesia, Taiwan (Chinese), Iran, the United Arab Emirates, Vietnam and Thailand lagged somewhat behind, together comprising a further 41%.

In terms of the main importing countries, Vietnam, with a CAGR of +28.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with an increase of 11% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 11%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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