Eastern Europe - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEastern Europe: Industrial Oleic Acid Market 2024
Industrial Oleic Acid Market Size in Eastern Europe
In 2021, the East European industrial oleic acid market decreased by -3% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then fell modestly in the following year.
Industrial Oleic Acid Production in Eastern Europe
In value terms, industrial oleic acid production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.
Industrial Oleic Acid Exports
Exports in Eastern Europe
In 2021, shipments abroad of industrial oleic acid increased by 68% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 95%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.
In value terms, industrial oleic acid exports skyrocketed to $X in 2021. Overall, exports, however, saw a mild decline. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.
Exports by Country
Lithuania was the major exporting country with an export of about X tons, which amounted to 50% of total exports. Poland (X tons) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Bulgaria (16%) and Russia (9.3%). The Czech Republic (X tons) took a minor share of total exports.
Lithuania was also the fastest-growing in terms of the industrial oleic acid exports, with a CAGR of +83.1% from 2012 to 2021. At the same time, Bulgaria (+20.1%), Russia (+12.7%) and Poland (+10.7%) displayed positive paces of growth. By contrast, the Czech Republic (-36.5%) illustrated a downward trend over the same period. Lithuania (+50 p.p.), Poland (+17 p.p.), Bulgaria (+15 p.p.) and Russia (+8 p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic saw its share reduced by -58.5% from 2012 to 2021, respectively.
In value terms, Lithuania ($X) remains the largest industrial oleic acid supplier in Eastern Europe, comprising 61% of total exports. The second position in the ranking was held by Poland ($X), with a 21% share of total exports. It was followed by Russia, with a 7% share.
From 2012 to 2021, the average annual growth rate of value in Lithuania totaled +80.5%. In the other countries, the average annual rates were as follows: Poland (+12.8% per year) and Russia (+16.3% per year).
Export Prices by Country
In 2021, the export price in Eastern Europe amounted to $X per ton, picking up by 39% against the previous year. In general, the export price saw strong growth. The most prominent rate of growth was recorded in 2018 an increase of 47% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in the near future.
Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.8%), while the other leaders experienced more modest paces of growth.
Industrial Oleic Acid Imports
Imports in Eastern Europe
Industrial oleic acid imports skyrocketed to X tons in 2021, picking up by 36% compared with the previous year. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 85%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.
In value terms, industrial oleic acid imports soared to $X in 2021. In general, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
The countries with the highest levels of industrial oleic acid imports in 2021 were Russia (X tons), the Czech Republic (X tons), Poland (X tons) and Lithuania (X tons), together accounting for 79% of total import. It was distantly followed by Slovakia (X tons) and Hungary (X tons), together generating a 15% share of total imports. Ukraine (X tons) took a minor share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Lithuania (with a CAGR of +82.6%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest industrial oleic acid importing markets in Eastern Europe were the Czech Republic ($X), Russia ($X) and Poland ($X), with a combined 70% share of total imports. Lithuania, Slovakia, Hungary and Ukraine lagged somewhat behind, together comprising a further 27%.
Lithuania, with a CAGR of +82.3%, saw the highest growth rate of the value of imports, among 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
In 2021, the import price in Eastern Europe amounted to $X per ton, with an increase of 58% against the previous year. Over the period under review, the import price posted a temperate increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while Slovakia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.6%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the industrial oleic acid market in Eastern Europe. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143130 - Industrial oleic acid
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Eastern Europe, split by region and country
- Trade (exports and imports) in Eastern Europe
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Belarus
- Bulgaria
- Czech Republic
- Estonia
- Hungary
- Latvia
- Lithuania
- Moldova
- Poland
- Romania
- Russia
- Slovakia
- Ukraine
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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