China: 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 China

After two years of growth, the Chinese market for oleic, linoleic or linolenic acids, their salts and esters decreased by -17.3% to $X in 2021. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +34.0% against 2016 indices. As a result, consumption attained the peak level of $X, and then declined notably in the following year.

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

In value terms, oleic, linoleic or linolenic acids production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 22%. As a result, production attained the peak level of $X, and then shrank in the following year.

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

Exports from China

In 2021, overseas shipments of oleic, linoleic or linolenic acids, their salts and esters increased by 359% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids exports skyrocketed to $X in 2021. Overall, exports posted moderate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for oleic, linoleic or linolenic acids exports from China, accounting for a 64% share of total exports. Moreover, oleic, linoleic or linolenic acids exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X tons), eightfold. The third position in this ranking was taken by Vietnam (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +112.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+0.4% per year) and Vietnam (+72.1% per year).

In value terms, Spain ($X) emerged as the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from China, comprising 66% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 8.1% share of total exports. It was followed by Vietnam, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +79.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-6.3% per year) and Vietnam (+61.0% 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, jumping by 20% against the previous year. Overall, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oleic, linoleic or linolenic acids export price increased by +64.8% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by 37%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Mongolia ($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 South Korea (+12.3%), 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 China

After three years of decline, supplies from abroad of oleic, linoleic or linolenic acids, their salts and esters increased by 48% to X tons in 2021. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 60% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, oleic, linoleic or linolenic acids imports skyrocketed to $X in 2021. Overall, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of oleic, linoleic or linolenic acids imports to China, together accounting for 52% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +71.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Germany ($X) and Japan ($X) appeared to be the largest oleic, linoleic or linolenic acids suppliers to China, with a combined 55% share of total imports.

Among the main suppliers, India, with a CAGR of +62.5%, recorded the highest growth rate of 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

The average import price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, jumping by 15% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2017 an increase of 15%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 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 ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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