Australia: 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 Australia

The Australian market for oleic, linoleic or linolenic acids, their salts and esters skyrocketed to $X in 2021, picking up by 19% against the previous year. Overall, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.6% 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 decreased by -12.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

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

In value terms, oleic, linoleic or linolenic acids production rose markedly to $X in 2021 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. 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 pace of growth appeared the most rapid in 2017 with an increase of 35%. Over the period under review, production attained 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 from Australia

In 2021, approx. X tons of oleic, linoleic or linolenic acids, their salts and esters were exported from Australia; dropping by -31.1% compared with 2020. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 269%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, oleic, linoleic or linolenic acids exports dropped dramatically to $X in 2021. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 231% against the previous year. The exports peaked at $X in 2020, and then reduced rapidly in the following year.

Exports by Country

The United States (X tons), India (X tons) and Indonesia (X tons) were the main destinations of oleic, linoleic or linolenic acids exports from Australia, with a combined 55% share of total exports. These countries were followed by Germany, Singapore, China, Spain and New Zealand, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +81.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oleic, linoleic or linolenic acids exported from Australia were the United States ($X), Singapore ($X) and India ($X), with a combined 52% share of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of +143.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, picking up by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Australia

In 2021, imports of oleic, linoleic or linolenic acids, their salts and esters into Australia plummeted to X tons, with a decrease of -46% compared with 2020 figures. Over the period under review, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of 356%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, oleic, linoleic or linolenic acids imports declined notably to $X in 2021. Overall, imports continue to indicate a slight slump. The pace of growth was the most pronounced in 2018 with an increase of 256% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of oleic, linoleic or linolenic acids to Australia, with a 47% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) stood at +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-1.9% per year) and the United States (-13.4% per year).

In value terms, the largest oleic, linoleic or linolenic acids suppliers to Australia were Taiwan (Chinese) ($X), the United States ($X) and Singapore ($X), with a combined 74% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +29.7%, 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

The average import price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, picking up by 44% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 78%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

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 the United States ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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