Asia-Pacific: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2025

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Asia-Pacific

In 2021, the Asia-Pacific market for oleic, linoleic or linolenic acids, their salts and esters decreased by -10.1% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then contracted in the following year.

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

In value terms, oleic, linoleic or linolenic acids production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2020, and then reduced slightly in the following year.

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

Exports in Asia-Pacific

After three years of decline, overseas shipments of oleic, linoleic or linolenic acids, their salts and esters increased by 98% to X tons in 2021. In general, exports posted a temperate expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids exports skyrocketed to $X in 2021. Over the period under review, exports recorded a measured expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the key exporting country with an export of about X tons, which resulted at 35% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 15% share, followed by Indonesia (15%), India (12%), Taiwan (Chinese) (8.3%), South Korea (4.7%) and Japan (4.6%).

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-Pacific, 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. From 2012 to 2021, the share of Indonesia, Taiwan (Chinese) and Japan increased by +6.1, +5 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) emerged as the largest oleic, linoleic or linolenic acids supplier in Asia-Pacific, comprising 39% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 13% share of total exports. It was followed by India, with an 11% share.

In China, oleic, linoleic or linolenic acids exports expanded at an average annual rate of +2.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+3.7% per year) and India (-1.0% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, jumping by 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2014 when the export price increased by 25%. Over the period under review, the export prices attained the maximum in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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-Pacific

In 2021, purchases abroad of oleic, linoleic or linolenic acids, their salts and esters was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained 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. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% 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.

Imports by Country

The countries with the highest levels of oleic, linoleic or linolenic acids imports in 2021 were China (X tons), Japan (X tons), South Korea (X tons), Indonesia (X tons), Singapore (X tons), Marshall Islands (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons), together accounting for 85% of total import. Thailand (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Marshall Islands (with a CAGR of +43.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oleic, linoleic or linolenic acids importing markets in Asia-Pacific were China ($X), Japan ($X) and South Korea ($X), with a combined 55% share of total imports. These countries were followed by Singapore, Indonesia, Marshall Islands, Taiwan (Chinese), Vietnam and Thailand, which together accounted for a further 33%.

Marshall Islands, with a CAGR of +36.0%, saw the highest growth rate of the value of imports, among the main importing countries 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-Pacific amounted to $X per ton, jumping by 15% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while Vietnam ($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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