France: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in France

In 2021, after two years of growth, there was significant decline in the French tall oil fatty acids market, when its value decreased by -42.7% to $X. In general, consumption showed a sharp decline. Tall oil fatty acids consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Industrial Tall Oil Fatty Acids in France

In value terms, tall oil fatty acids production reduced to $X in 2021 estimated in export price. In general, production saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 18% against the previous year. Tall oil fatty acids production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Industrial Tall Oil Fatty Acids

Exports from France

In 2021, overseas shipments of industrial tall oil fatty acids decreased by -3.4% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2017 when exports increased by 101%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, tall oil fatty acids exports soared to $X in 2021. Overall, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 97%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), the UK (X tons) and Italy (X tons) were the main destinations of tall oil fatty acids exports from France, together comprising 59% of total exports. Spain, Germany, Russia and Turkey lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +75.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tall oil fatty acids exported from France were the UK ($X), the Netherlands ($X) and Italy ($X), together comprising 59% of total exports. Spain, Germany, Turkey and Russia lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, Russia, with a CAGR of +64.4%, 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

In 2021, the average tall oil fatty acids export price amounted to $X per ton, increasing by 30% against the previous year. In general, the export price, however, saw a slight decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Turkey ($X per ton) and the UK ($X per ton), while the average price for exports to Russia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Tall Oil Fatty Acids

Imports into France

In 2021, after two years of growth, there was significant decline in supplies from abroad of industrial tall oil fatty acids, when their volume decreased by -55.9% to X tons. Over the period under review, imports showed a sharp downturn. The most prominent rate of growth was recorded in 2019 with an increase of 171%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, tall oil fatty acids imports declined notably to $X in 2021. Overall, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 178% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Finland (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of tall oil fatty acids imports to France, with a combined 84% share of total imports. The Netherlands, Belgium and the United States lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +23.3%), while purchases for the other leaders experienced a decline.

In value terms, Finland ($X), Sweden ($X) and Germany ($X) appeared to be the largest tall oil fatty acids suppliers to France, with a combined 79% share of total imports. These countries were followed by the Netherlands, Belgium and the United States, which together accounted for a further 18%.

Among the main suppliers, the Netherlands, with a CAGR of +28.2%, 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 tall oil fatty acids import price amounted to $X per ton, with an increase of 33% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Belgium ($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 United States (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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