Chile: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Chile

In 2021, the Chilean market for palmitic acid, stearic acid, their salts and esters increased by 99% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a slight downturn. 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.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Chile

In 2021, approx. X tons of palmitic acid, stearic acid, their salts and esters were exported from Chile; growing by 38% against 2020. In general, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 150% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 114% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from Chile, with a 58% share of total exports. Moreover, exports of palmitic acid, stearic acid, their salts and esters to Peru exceeded the volume sent to the second major destination, Brazil (X tons), threefold. Argentina (X kg) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Peru amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+152.6% per year) and Argentina (-2.5% per year).

In value terms, Peru ($X) emerged as the key foreign market for palmitic acid, stearic acid, their salts and esters exports from Chile, comprising 49% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 21% share of total exports. It was followed by Brazil, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Peru stood at +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-2.6% per year) and Brazil (+89.4% per year).

Export Prices by Country

In 2021, the average export price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, almost unchanged from the previous year. Overall, the export price, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2017 an increase of 181% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Brazil ($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 Bolivia (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Chile

In 2021, imports of palmitic acid, stearic acid, their salts and esters into Chile skyrocketed to X tons, increasing by 98% on the previous year's figure. In general, imports, however, continue to indicate a mild downturn. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of palmitic acid, stearic acid, their salts and esters soared to $X in 2021. Overall, imports, however, continue to indicate a mild curtailment. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Colombia (X tons), Malaysia (X tons) and Argentina (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to Chile, together comprising 63% of total imports. These countries were followed by China, Indonesia, India, Brazil, Spain, Singapore and Germany, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +66.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Malaysia ($X) and Argentina ($X) appeared to be the largest palmitic acid, stearic acid, their salts and esters suppliers to Chile, together accounting for 52% of total imports. These countries were followed by China, India, Brazil, Spain, Indonesia, Singapore and Germany, which together accounted for a further 36%.

In terms of the main suppliers, India, with a CAGR of +63.1%, 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 palmitic acid, stearic acid, their salts and esters amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 17%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 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 Germany ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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