Finland: 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 Finland

The Finnish market for oleic, linoleic or linolenic acids, their salts and esters soared to $X in 2021, increasing by 82% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a deep setback. Oleic, linoleic or linolenic acids consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

Exports from Finland

In 2021, approx. X kg of oleic, linoleic or linolenic acids, their salts and esters were exported from Finland; increasing by 43% on the year before. In general, exports, however, showed a precipitous decline. The most prominent rate of growth was recorded in 2017 with an increase of 557% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2015 with an increase of 395%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for oleic, linoleic or linolenic acids exports from Finland, with a 69% share of total exports. Moreover, oleic, linoleic or linolenic acids exports to the United States exceeded the volume sent to the second major destination, Estonia (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +21.3%.

In value terms, the United States ($X) remains the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from Finland, comprising 88% of total exports. The second position in the ranking was held by Estonia ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +79.4%.

Export Prices by Country

The average export price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, growing by 95% against the previous year. Over the period under review, the export price saw strong growth. The pace of growth was the most pronounced in 2018 an increase of 246%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Estonia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+47.9%), while the prices for the other major destinations experienced a decline.

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

Imports into Finland

In 2021, approx. X tons of oleic, linoleic or linolenic acids, their salts and esters were imported into Finland; picking up by 72% compared with the previous year. Overall, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 107%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids imports soared to $X in 2021. Over the period under review, imports, however, recorded a deep setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest oleic, linoleic or linolenic acids supplier to Finland, with a 58% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.1% per year) and Belgium (+4.1% per year).

In value terms, Germany ($X), the United States ($X) and Belgium ($X) appeared to be the largest oleic, linoleic or linolenic acids suppliers to Finland, with a combined 92% share of total imports.

Among the main suppliers, Belgium, with a CAGR of -0.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, growing by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 21%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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