Eastern Asia: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2025

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Eastern Asia

In 2021, after two years of growth, there was significant decline in the East Asian market for oleic, linoleic or linolenic acids, their salts and esters, when its value decreased by -12.5% to $X. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then dropped in the following year.

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

In value terms, oleic, linoleic or linolenic acids production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% 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 2017 when the production volume increased by 16% against the previous year. The level of production peaked at $X in 2020, and then shrank in the following year.

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

Exports in Eastern Asia

In 2021, after three years of decline, there was significant growth in shipments abroad of oleic, linoleic or linolenic acids, their salts and esters, when their volume increased by 179% to X tons. In general, exports posted a perceptible expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids exports soared to $X in 2021. Over the period under review, exports recorded perceptible growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporter of oleic, linoleic or linolenic acids, their salts and esters in Eastern Asia, with the volume of exports recording X tons, which was approx. 67% of total exports in 2021. Taiwan (Chinese) (X tons) took the second position in the ranking, followed by South Korea (X tons) and Japan (X tons). All these countries together took approx. 33% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of oleic, linoleic or linolenic acids, their salts and esters. At the same time, Taiwan (Chinese) (+13.1%), Japan (+9.4%) and South Korea (+4.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +13.1% from 2012-2021. From 2012 to 2021, the share of Taiwan (Chinese), Japan and South Korea increased by +9.5, +4 and +1.6 percentage points, respectively.

In value terms, China ($X) remains the largest oleic, linoleic or linolenic acids supplier in Eastern Asia, comprising 64% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 16% share of total exports. It was followed by Japan, with an 11% share.

In China, oleic, linoleic or linolenic acids exports increased at an average annual rate of +2.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+11.5% per year) and Japan (+4.5% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, surging by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2013 when the export price increased by 25%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the other leaders experienced a decline in the export price figures.

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

Imports in Eastern Asia

In 2021, supplies from abroad of oleic, linoleic or linolenic acids, their salts and esters was finally on the rise to reach X tons after three years of decline. In general, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 60%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids imports skyrocketed to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), Japan (X tons) and South Korea (X tons) represented the main importer of oleic, linoleic or linolenic acids, their salts and esters in Eastern Asia, constituting 90% of total import. It was distantly followed by Taiwan (Chinese) (X tons), making up an 8.8% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +12.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, with a combined 92% share of total imports.

South Korea, with a CAGR of +9.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, jumping by 19% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in China ($X per ton) and South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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