Canada: 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 Canada

The Canadian market for oleic, linoleic or linolenic acids, their salts and esters reached $X in 2021, remaining relatively unchanged against the previous year. Over the period under review, consumption recorded a mild contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, oleic, linoleic or linolenic acids production totaled $X in 2021 estimated in export price. In general, production saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when the production volume increased by 76% against the previous year. Oleic, linoleic or linolenic acids production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

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

Exports from Canada

In 2021, after four years of growth, there was significant decline in overseas shipments of oleic, linoleic or linolenic acids, their salts and esters, when their volume decreased by -47% to X tons. Overall, exports recorded a precipitous contraction. The growth pace was the most rapid in 2020 when exports increased by 373% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids exports dropped remarkably to $X in 2021. Over the period under review, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2017 when exports increased by 223% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main destinations of oleic, linoleic or linolenic acids exports from Canada, together comprising 72% of total exports. These countries were followed by Hong Kong SAR, Japan, Russia, India and Norway, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +570.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from Canada, comprising 52% of total exports. The second position in the ranking was taken by China ($X), with a 21% share of total exports. It was followed by Germany, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+90.3% per year) and Germany (+20.0% 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, growing by 21% against the previous year. Over the period under review, the export price enjoyed slight growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 163% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($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 the United States (+1.2%), while the prices for the other major destinations experienced a decline.

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

Imports into Canada

In 2021, oleic, linoleic or linolenic acids imports into Canada totaled X tons, growing by 2.7% on 2020 figures. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 34%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids imports soared to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 39% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X tons) constituted the largest oleic, linoleic or linolenic acids supplier to Canada, accounting for a 70% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from the United States exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), eightfold. The third position in this ranking was taken by India (X tons), with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+41.6% per year) and India (+35.4% per year).

In value terms, the United States ($X) constituted the largest supplier of oleic, linoleic or linolenic acids, their salts and esters to Canada, comprising 66% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 9.9% share of total imports. It was followed by China, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+44.9% per year) and China (+2.6% 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, with an increase of 27% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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