Austria: 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 Austria

The Austrian market for oleic, linoleic or linolenic acids, their salts and esters reached $X in 2021, rising by 4.2% against the previous year. Overall, consumption enjoyed a prominent expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

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

In value terms, oleic, linoleic or linolenic acids production soared to $X in 2021 estimated in export price. Over the period under review, production saw a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,302% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

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

Exports from Austria

In 2021, shipments 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 2017, thus ending a three-year declining trend. Overall, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of 85%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, oleic, linoleic or linolenic acids exports rose to $X in 2021. In general, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2019 when exports increased by 391%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for oleic, linoleic or linolenic acids exports from Austria, with a 80% share of total exports. Moreover, oleic, linoleic or linolenic acids exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), ninefold. The third position in this ranking was held by Hungary (X kg), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-24.3% per year) and Hungary (+1.0% per year).

In value terms, China ($X) remains the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from Austria, comprising 56% of total exports. The second position in the ranking was held by Sweden ($X), with a 21% share of total exports. It was followed by Germany, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-19.3% per year) and Germany (-1.1% per year).

Export Prices by Country

The average export price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, reducing by -21.6% against the previous year. Overall, the export price, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2019 an increase of 643% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Germany ($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 Romania (+22.4%), 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 Austria

In 2021, overseas purchases of oleic, linoleic or linolenic acids, their salts and esters increased by 4.3% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated tangible growth from 2012 to 2021: its volume 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, imports decreased by -22.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 76% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids imports dropped modestly to $X in 2021. In general, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 76%. Imports peaked at $X in 2020, and then shrank slightly in the following year.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of oleic, linoleic or linolenic acids to Austria, with a 66% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +46.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.4% per year) and Germany (+11.8% per year).

In value terms, Germany ($X) constituted the largest supplier of oleic, linoleic or linolenic acids, their salts and esters to Austria, comprising 45% of total imports. The second position in the ranking was held by Italy ($X), with a 21% share of total imports. It was followed by Switzerland, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.6% per year) and Switzerland (+6.6% per year).

Import Prices by Country

In 2021, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, waning by -4.9% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oleic, linoleic or linolenic acids import price increased by +116.8% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 45%. As a result, import price reached the peak level of $X per ton, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+32.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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