EU: 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 the EU

The EU market for oleic, linoleic or linolenic acids, their salts and esters skyrocketed to $X in 2021, picking up by 69% against the previous year. In general, consumption enjoyed a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, oleic, linoleic or linolenic acids production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw a tangible expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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

Exports in the EU

In 2021, approx. X tons of oleic, linoleic or linolenic acids, their salts and esters were exported in the European Union; growing by 5.2% against 2020. The total export volume increased at an average annual rate of +6.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 59%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids exports skyrocketed to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 50% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Italy was the major exporting country with an export of around X tons, which reached 53% of total exports. The Netherlands (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (13%) and France (6.1%). Germany (X tons), Spain (X tons) and the Czech Republic (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to oleic, linoleic or linolenic acids exports from Italy stood at +9.3%. At the same time, the Netherlands (+9.5%), Belgium (+5.9%), France (+5.0%) and the Czech Republic (+2.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +9.5% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Spain (-8.1%) illustrated a downward trend over the same period. Italy (+12 p.p.) and the Netherlands (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Germany and Spain saw its share reduced by -3.4% and -8.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest oleic, linoleic or linolenic acids supplier in the European Union, comprising 45% of total exports. The second position in the ranking was held by Belgium ($X), with a 13% share of total exports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Italy totaled +9.3%. In the other countries, the average annual rates were as follows: Belgium (+6.7% per year) and the Netherlands (+7.6% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, rising by 32% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the Netherlands ($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 (+17.0%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

In 2021, approx. X tons of oleic, linoleic or linolenic acids, their salts and esters were imported in the European Union; surging by 10% compared with 2020 figures. Total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +11.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 25% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, oleic, linoleic or linolenic acids imports skyrocketed to $X in 2021. Total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +46.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany represented the major importer of oleic, linoleic or linolenic acids, their salts and esters in the European Union, with the volume of imports accounting for X tons, which was near 37% of total imports in 2021. The Netherlands (X tons) ranks second in terms of the total imports with a 17% share, followed by Spain (9%), France (8.2%), Belgium (7.6%) and Italy (5.3%). Ireland (X tons) took a little share of total imports.

Imports into Germany increased at an average annual rate of +4.3% from 2012 to 2021. At the same time, Ireland (+21.6%), Italy (+8.2%), the Netherlands (+7.0%), Belgium (+5.7%) and Spain (+4.0%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +21.6% from 2012-2021. By contrast, France (-5.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, Germany, Ireland and Italy increased by +4.4, +2.7, +2.6 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported oleic, linoleic or linolenic acids, their salts and esters in the European Union, comprising 36% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by Spain, with a 10% share.

In Germany, oleic, linoleic or linolenic acids imports increased at an average annual rate of +6.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+2.5% per year) and Spain (+4.3% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, increasing by 18% against the previous year. In general, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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