EU: Tall Oil Market 2024

Tall Oil Market Size in the EU

The EU tall oil market rose markedly to $X in 2021, growing by 9.1% against the previous year. Over the period under review, consumption, however, saw a slight decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Tall Oil Production in the EU

In value terms, tall oil production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a pronounced decrease. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Tall Oil Exports

Exports in the EU

In 2021, exports of tall oil in the European Union skyrocketed to X tons, picking up by 40% against the year before. In general, exports enjoyed a modest expansion. The pace of growth was the most pronounced in 2017 with an increase of 42% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, tall oil exports skyrocketed to $X in 2021. Overall, exports saw moderate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland (X tons) and Sweden (X tons) prevails in exports structure, together comprising 79% of total exports. Germany (X tons) took the next position in the ranking, followed by Spain (X tons). All these countries together held near 13% share of total exports. The following exporters - the Netherlands (X tons), France (X tons) and Estonia (X tons) - together made up 6.4% of total exports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +13.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Sweden ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2021, together comprising 79% of total exports.

Among the main exporting countries, Sweden, with a CAGR of +8.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, surging by 25% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. 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 the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Tall Oil Imports

Imports in the EU

For the third year in a row, the European Union recorded growth in supplies from abroad of tall oil, which increased by 7.4% to X tons in 2021. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 46% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, tall oil imports soared to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 25%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Finland was the main importing country with an import of around X tons, which amounted to 56% of total imports. France (X tons) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Austria (12%). The Netherlands (X tons), Germany (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to tall oil imports into Finland stood at +5.2%. At the same time, France (+19.4%) and the Netherlands (+3.1%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing importer imported in the European Union, with a CAGR of +19.4% from 2012-2021. Austria experienced a relatively flat trend pattern. By contrast, Germany (-3.3%) and Sweden (-26.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of France and Finland increased by +17 and +16 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X), France ($X) and Austria ($X) constituted the countries with the highest levels of imports in 2021, together comprising 80% of total imports.

Among the main importing countries, France, with a CAGR of +17.7%, recorded 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 import price in the European Union stood at $X per ton in 2021, growing by 16% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 Germany ($X per ton), while Finland ($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 (+10.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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