Australia and Oceania: 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 Australia and Oceania

The market for oleic, linoleic or linolenic acids, their salts and esters in Australia and Oceania skyrocketed to $X in 2021, growing by 29% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.3% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Australia and Oceania

In value terms, oleic, linoleic or linolenic acids production expanded rapidly to $X in 2021 estimated in export price. The total production indicated a measured increase 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. Based on 2021 figures, production decreased by -10.3% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 35% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports in Australia and Oceania

Oleic, linoleic or linolenic acids exports reduced dramatically to X tons in 2021, waning by -31% against 2020. Over the period under review, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2017 when exports increased by 268%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids exports declined remarkably to $X in 2021. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 229%. Over the period under review, the exports reached the peak figure at $X in 2020, and then shrank remarkably in the following year.

Exports by Country

Australia (X tons) represented roughly 100% of total exports in 2021.

Australia was also the fastest-growing in terms of the oleic, linoleic or linolenic acids, their salts and esters exports, with a CAGR of +5.1% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest oleic, linoleic or linolenic acids supplier in Australia and Oceania.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +7.6%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, growing by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +2.3% per year.

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

Imports in Australia and Oceania

In 2021, oleic, linoleic or linolenic acids imports in Australia and Oceania soared to X tons, growing by 27% on 2020 figures. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 156%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids imports soared to $X in 2021. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 104% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Marshall Islands represented the largest importer of oleic, linoleic or linolenic acids, their salts and esters in Australia and Oceania, with the volume of imports amounting to X tons, which was approx. 68% of total imports in 2021. Australia (X tons) ranks second in terms of the total imports with a 25% share, followed by New Zealand (6.5%).

Marshall Islands was also the fastest-growing in terms of the oleic, linoleic or linolenic acids, their salts and esters imports, with a CAGR of +43.1% from 2012 to 2021. Australia (-2.1%) and New Zealand (-5.8%) illustrated a downward trend over the same period. Marshall Islands (+62 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand and Australia saw its share reduced by -18.6% and -43.2% from 2012 to 2021, respectively.

In value terms, Marshall Islands ($X) constitutes the largest market for imported oleic, linoleic or linolenic acids, their salts and esters in Australia and Oceania, comprising 64% of total imports. The second position in the ranking was held by Australia ($X), with a 30% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Marshall Islands totaled +36.0%. In the other countries, the average annual rates were as follows: Australia (-1.2% per year) and New Zealand (-6.2% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, surging by 18% against the previous year. In general, the import price, however, saw a mild setback. The most prominent rate of growth was recorded in 2019 when the import price increased by 63%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while Marshall Islands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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