Europe: Industrial Oleic Acid Market 2024

Industrial Oleic Acid Market Size in Europe

The Europe industrial oleic acid market rose significantly to $X in 2021, with an increase of 11% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Industrial Oleic Acid Production in Europe

In value terms, industrial oleic acid production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2018 with an increase of 12% against the previous year. Over the period under review, production reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Industrial Oleic Acid Exports

Exports in Europe

In 2021, exports of industrial oleic acid in Europe reached X tons, with an increase of 8.7% against the previous year. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +57.4% against 2013 indices. The growth pace was the most rapid in 2013 when exports increased by 31% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, industrial oleic acid exports surged to $X in 2021. Overall, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) and the Netherlands (X tons) represented roughly 69% of total exports in 2021. Germany (X tons) took the next position in the ranking, distantly followed by Italy (X tons) and Spain (X tons). All these countries together held near 29% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +18.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 87% of total exports.

In terms of the main exporting countries, Germany, with a CAGR of +20.7%, saw the highest growth rate of 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

The export price in Europe stood at $X per ton in 2021, rising by 50% against the previous year. Export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial oleic acid export price increased by +62.6% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Italy ($X per ton) and Germany ($X per ton), while Spain ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.7%), while the other leaders experienced more modest paces of growth.

Industrial Oleic Acid Imports

Imports in Europe

In 2021, supplies from abroad of industrial oleic acid increased by 11% to X tons, rising for the seventh consecutive year after two years of decline. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.6% 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 +99.3% against 2014 indices. The pace of growth appeared the most rapid in 2017 with an increase of 20% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, industrial oleic acid imports skyrocketed to $X in 2021. Overall, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) was the major importer of industrial oleic acid, creating 29% of total imports. France (X tons) took the second position in the ranking, followed by Belgium (X tons), Italy (X tons), Spain (X tons), Sweden (X tons) and Germany (X tons). All these countries together took approx. 63% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to industrial oleic acid imports into the Netherlands stood at +5.6%. At the same time, Sweden (+23.9%), Spain (+12.3%), Italy (+10.0%), France (+9.6%), Belgium (+3.7%) and Germany (+2.4%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Europe, with a CAGR of +23.9% from 2012-2021. From 2012 to 2021, the share of Sweden, Spain, France and Italy increased by +7.1, +3.6, +2.7 and +2.7 percentage points, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported industrial oleic acid in Europe, comprising 28% of total imports. The second position in the ranking was held by Belgium ($X), with an 11% share of total imports. It was followed by France, with an 11% share.

In the Netherlands, industrial oleic acid imports increased at an average annual rate of +9.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+5.6% per year) and France (+9.4% per year).

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, jumping by 54% against the previous year. Import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial oleic acid import price increased by +74.6% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per ton) and Germany ($X per ton), while France ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform