Report Update Nov 1, 2024

Ecuador - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Industrial Oleic Acid Market 2024

Industrial Oleic Acid Market Size in Ecuador

The Ecuadorian industrial oleic acid market contracted to $X in 2021, waning by -7.1% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Industrial Oleic Acid Production in Ecuador

In value terms, industrial oleic acid production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

Industrial Oleic Acid Exports

Exports from Ecuador

Industrial oleic acid exports from Ecuador dropped remarkably to X tons in 2016, waning by -20% compared with the year before. In general, exports faced a precipitous contraction. Over the period under review, the exports reached the maximum at X tons in 2015, and then dropped rapidly in the following year.

In value terms, industrial oleic acid exports reduced remarkably to $X in 2016. Overall, exports recorded a precipitous decrease. The exports peaked at $X in 2015, and then shrank rapidly in the following year.

Exports by Country

Colombia (X tons) was the main destination for industrial oleic acid exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2015 to 2016, the average annual growth rate of volume to Colombia was relatively modest.

In value terms, Colombia ($X) emerged as the key foreign market for industrial oleic acid exports from Ecuador.

From 2015 to 2016, the average annual growth rate of value to Colombia was relatively modest.

Export Prices by Country

The average industrial oleic acid export price stood at $X per ton in 2016, remaining constant against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2015, and then dropped slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2015 to 2016, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Industrial Oleic Acid Imports

Imports into Ecuador

In 2021, supplies from abroad of industrial oleic acid decreased by -33.1% to X tons, falling for the third consecutive year after three years of growth. Overall, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 690% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial oleic acid imports dropped dramatically to $X in 2021. Over the period under review, imports showed a noticeable setback. The pace of growth appeared the most rapid in 2016 when imports increased by 894% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Malaysia (X tons) and Indonesia (X tons) were the main suppliers of industrial oleic acid imports to Ecuador.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of -2.5%).

In value terms, the largest industrial oleic acid suppliers to Ecuador were Indonesia ($X) and Malaysia ($X).

Malaysia, with a CAGR of -9.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2021, the average industrial oleic acid import price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2016 when the average import price increased by 26% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Indonesia ($X per ton), while the price for Malaysia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+2.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial oleic acid in the world?

China constituted the country with the largest volume of industrial oleic acid consumption, accounting for 21% of total volume. Moreover, industrial oleic acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8.3% share.

What are the largest producers of industrial oleic acid in the world?

The countries with the highest volumes of industrial oleic acid production in 2020 were China, Indonesia and the United States, with a combined 37% share of global production.

What are the leading suppliers of industrial oleic acid to Ecuador?

In value terms, Indonesia constituted the largest supplier of industrial oleic acid to Ecuador, comprising 80% of total imports. The second position in the ranking was occupied by Malaysia, with a 20% share of total imports.

What is the average import price for industrial oleic acid in Ecuador?

The average industrial oleic acid import price stood at $767 per ton in 2020, declining by -3.9% against the previous year.

This report provides an in-depth analysis of the industrial oleic acid market in Ecuador. 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:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023