Austria: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Austria

In 2021, after four years of growth, there was significant decline in the Austrian tall oil fatty acids market, when its value decreased by -37.6% to $X. Overall, consumption saw a pronounced decrease. Tall oil fatty acids consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Industrial Tall Oil Fatty Acids in Austria

In value terms, tall oil fatty acids production contracted modestly to $X in 2021 estimated in export price. Overall, production showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 5.8% against the previous year. Tall oil fatty acids production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Industrial Tall Oil Fatty Acids

Exports from Austria

In 2021, after two years of decline, there was significant growth in overseas shipments of industrial tall oil fatty acids, when their volume increased by 36% to X tons. In general, total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +2.9% 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 exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, tall oil fatty acids exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Germany (X tons) and Poland (X tons) were the main destinations of tall oil fatty acids exports from Austria, together accounting for 66% of total exports. These countries were followed by Sweden, Bulgaria, Switzerland, the UK, the Netherlands, Croatia, the United Arab Emirates, Slovenia and the Czech Republic, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +302.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tall oil fatty acids exported from Austria were Italy ($X), Germany ($X) and Poland ($X), with a combined 63% share of total exports. These countries were followed by Sweden, the United Arab Emirates, Bulgaria, Switzerland, the Netherlands, Croatia, the UK, Slovenia and the Czech Republic, which together accounted for a further 35%.

In terms of the main countries of destination, Sweden, with a CAGR of +418.6%, 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

The average tall oil fatty acids export price stood at $X per ton in 2021, rising by 30% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Poland ($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 Sweden (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Tall Oil Fatty Acids

Imports into Austria

In 2021, after three years of growth, there was significant decline in overseas purchases of industrial tall oil fatty acids, when their volume decreased by -11.2% to X tons. In general, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 38% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, tall oil fatty acids imports reached $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 44% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Finland (X tons) constituted the largest supplier of tall oil fatty acids to Austria, accounting for a 59% share of total imports. Moreover, tall oil fatty acids imports from Finland exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Finland totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-13.9% per year) and the Netherlands (+54.4% per year).

In value terms, Finland ($X) constituted the largest supplier of industrial tall oil fatty acids to Austria, comprising 62% of total imports. The second position in the ranking was taken by Sweden ($X), with a 15% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Finland stood at +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-14.8% per year) and the Netherlands (+51.8% per year).

Import Prices by Country

In 2021, the average tall oil fatty acids import price amounted to $X per ton, with an increase of 25% against the previous year. In general, the import price, however, showed a mild setback. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+44.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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