China: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in China

In 2021, the Chinese industrial monocarboxylic fatty acids market increased by 4.2% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Industrial monocarboxylic fatty acids consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Industrial Monocarboxylic Fatty Acids in China

In value terms, industrial monocarboxylic fatty acids production stood at $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from China

In 2021, shipments abroad of industrial monocarboxylic fatty acids increased by 95% to X tons, rising for the second consecutive year after three years of decline. Overall, exports posted a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 101%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, industrial monocarboxylic fatty acids exports skyrocketed to $X in 2021. Over the period under review, exports recorded a moderate expansion. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for industrial monocarboxylic fatty acids exports from China, accounting for a 75% share of total exports. Moreover, industrial monocarboxylic fatty acids exports to South Korea exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea totaled +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.2% per year) and the Netherlands (+77.3% per year).

In value terms, South Korea ($X) remains the key foreign market for industrial monocarboxylic fatty acids exports from China, comprising 52% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports. It was followed by the Netherlands, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea totaled +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.8% per year) and the Netherlands (+79.2% per year).

Export Prices by Country

The average industrial monocarboxylic fatty acids export price stood at $X per ton in 2021, jumping by 44% against the previous year. Over the period under review, the export price, however, saw a deep setback. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to South Korea ($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 Taiwan (Chinese) (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into China

In 2021, approx. X tons of industrial monocarboxylic fatty acids were imported into China; increasing by 28% against the previous year. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 36% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, industrial monocarboxylic fatty acids imports soared to $X in 2021. Over the period under review, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest industrial monocarboxylic fatty acids supplier to China, accounting for a 72% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. The Philippines (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+9.4% per year) and the Philippines (+0.1% per year).

In value terms, Indonesia ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to China, comprising 73% of total imports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total imports. It was followed by Thailand, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+12.0% per year) and Thailand (+12.4% per year).

Import Prices by Country

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2021, surging by 60% against the previous year. Overall, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids import price increased by +94.7% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Indonesia ($X per ton) and Malaysia ($X per ton), while the price for the Philippines ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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