Brazil: 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 Brazil

The Brazilian market for oleic, linoleic or linolenic acids, their salts and esters dropped slightly to $X in 2021, waning by -4.2% against the previous year. In general, consumption, however, showed a moderate increase. Oleic, linoleic or linolenic acids consumption peaked at $X in 2020, and then fell in the following year.

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

In value terms, oleic, linoleic or linolenic acids production fell to $X in 2021 estimated in export price. Over the period under review, production, however, showed strong growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 37%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

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

Exports from Brazil

In 2021, exports of oleic, linoleic or linolenic acids, their salts and esters from Brazil skyrocketed to X tons, picking up by 16% on the previous year's figure. In general, exports showed a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 404%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids exports surged to $X in 2021. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 305%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Argentina (X tons), Chile (X tons) and Bolivia (X tons) were the main destinations of oleic, linoleic or linolenic acids exports from Brazil, with a combined 70% share of total exports. These countries were followed by Italy, Colombia, the United States, Paraguay and Venezuela, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +40.1%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Italy ($X) and Colombia ($X) constituted the largest markets for oleic, linoleic or linolenic acids exported from Brazil worldwide, together accounting for 58% of total exports. These countries were followed by the United States, Chile, Bolivia, Paraguay and Venezuela, which together accounted for a further 21%.

In terms of the main countries of destination, the United States, with a CAGR of +46.4%, saw the highest growth rate of 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 export price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, picking up by 43% against the previous year. Overall, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 53%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Chile ($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 Italy (+47.8%), 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 Brazil

In 2021, overseas purchases of oleic, linoleic or linolenic acids, their salts and esters increased by 21% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a abrupt shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, oleic, linoleic or linolenic acids imports soared to $X in 2021. Over the period under review, imports, however, saw a deep reduction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Malaysia (X tons) and France (X tons) were the main suppliers of oleic, linoleic or linolenic acids imports to Brazil, together comprising 57% of total imports. The United States, Italy, Argentina, Belgium, Germany, the UK and India lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +43.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oleic, linoleic or linolenic acids suppliers to Brazil were the United States ($X), France ($X) and Spain ($X), with a combined 63% share of total imports. These countries were followed by Malaysia, Italy, Belgium, Argentina, Germany, the UK and India, which together accounted for a further 35%.

Among the main suppliers, Belgium, with a CAGR of +44.0%, recorded the highest rates of growth with regard to 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

In 2021, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, picking up by 8.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 11% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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