France: 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 France

The French market for oleic, linoleic or linolenic acids, their salts and esters contracted sharply to $X in 2021, waning by -77.1% against the previous year. Over the period under review, consumption faced a deep downturn. Over the period under review, the market hit record highs at $X in 2020, and then declined dramatically in the following year.

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

In value terms, oleic, linoleic or linolenic acids production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a modest expansion. The growth pace was the most rapid in 2020 with an increase of 90%. Oleic, linoleic or linolenic acids production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

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

Exports from France

Oleic, linoleic or linolenic acids exports from France shrank to X tons in 2021, reducing by -10.6% against 2020. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 52%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids exports totaled $X in 2021. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 53% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons) was the main destination for oleic, linoleic or linolenic acids exports from France, accounting for a 72% share of total exports. Moreover, oleic, linoleic or linolenic acids exports to Germany exceeded the volume sent to the second major destination, Brazil (X tons), more than tenfold. The third position in this ranking was taken by the UK (X tons), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+40.3% per year) and the UK (+34.4% per year).

In value terms, Germany ($X) remains the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from France, comprising 59% of total exports. The second position in the ranking was taken by Spain ($X), with a 6.9% share of total exports. It was followed by Brazil, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+0.7% per year) and Brazil (+31.9% per year).

Export Prices by Country

In 2021, the average export price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, picking up by 16% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oleic, linoleic or linolenic acids export price increased by +57.7% against 2018 indices. The growth pace was the most rapid in 2014 when the average export price increased by 30% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into France

In 2021, purchases abroad of oleic, linoleic or linolenic acids, their salts and esters decreased by -10.3% to X tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2019 when imports increased by 7.9% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids imports rose remarkably to $X in 2021. Over the period under review, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 20%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of oleic, linoleic or linolenic acids imports to France, with a combined 88% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +2.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest oleic, linoleic or linolenic acids suppliers to France were Italy ($X), Germany ($X) and Belgium ($X), with a combined 84% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +5.4%, saw the highest rates of growth with regard to 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

In 2021, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, rising by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Italy ($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 UK (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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