Denmark: Industrial Oleic Acid Market 2025

Industrial Oleic Acid Market Size in Denmark

In 2021, the Danish industrial oleic acid market decreased by -23.4% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption showed a deep reduction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Industrial Oleic Acid Production in Denmark

In value terms, industrial oleic acid production declined to $X in 2021 estimated in export price. In general, production recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 134% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Industrial Oleic Acid Exports

Exports from Denmark

In 2021, after two years of decline, there was significant growth in overseas shipments of industrial oleic acid, when their volume increased by 49% to X tons. Overall, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 152%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, industrial oleic acid exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 171%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Norway (X tons) was the main destination for industrial oleic acid exports from Denmark, accounting for a 93% share of total exports. Moreover, industrial oleic acid exports to Norway exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Norway totaled +50.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+17.1% per year) and Poland (-43.8% per year).

In value terms, Norway ($X) remains the key foreign market for industrial oleic acid exports from Denmark, comprising 89% of total exports. The second position in the ranking was held by Sweden ($X), with a 5.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway amounted to +52.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+24.6% per year) and Poland (-38.7% per year).

Export Prices by Country

In 2021, the average industrial oleic acid export price amounted to $X per ton, remaining stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2019 an increase of 23%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Sweden ($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 Poland (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Oleic Acid Imports

Imports into Denmark

In 2021, purchases abroad of industrial oleic acid was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 18%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, industrial oleic acid imports rose rapidly to $X in 2021. Overall, imports, however, showed a slight decline. The pace of growth appeared the most rapid in 2013 with an increase of 52%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Malaysia (X tons) and Germany (X tons) were the main suppliers of industrial oleic acid imports to Denmark, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +56.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest industrial oleic acid suppliers to Denmark were the Netherlands ($X), Malaysia ($X) and Germany ($X), with a combined 91% share of total imports.

Among the main suppliers, Germany, with a CAGR of +35.1%, saw 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 industrial oleic acid import price stood at $X per ton in 2021, surging by 3.6% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +9.4% 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 oleic acid import price increased by +62.9% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 57% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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