India: 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 India

In 2021, the Indian market for oleic, linoleic or linolenic acids, their salts and esters decreased by -6% to $X for the first time since 2014, thus ending a six-year rising trend. In general, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +65.4% against 2014 indices. Oleic, linoleic or linolenic acids consumption peaked at $X in 2020, and then fell in the following year.

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

In value terms, oleic, linoleic or linolenic acids production dropped modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +69.8% against 2014 indices. The growth pace was the most rapid in 2013 when the production volume increased by 22%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

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

Exports from India

In 2021, overseas shipments of oleic, linoleic or linolenic acids, their salts and esters increased by 25% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 123% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, oleic, linoleic or linolenic acids exports surged to $X in 2021. Over the period under review, exports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 100% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), South Africa (X tons) and Turkey (X tons) were the main destinations of oleic, linoleic or linolenic acids exports from India, together comprising 56% of total exports. The United Arab Emirates, Mozambique, Ghana, Nigeria, Vietnam, Thailand, Zambia, China, Singapore and Malaysia lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +72.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oleic, linoleic or linolenic acids exported from India were Indonesia ($X), South Africa ($X) and the United Arab Emirates ($X), with a combined 49% share of total exports. These countries were followed by Turkey, Mozambique, Ghana, Thailand, Nigeria, Vietnam, China, Singapore, Zambia and Malaysia, which together accounted for a further 30%.

Vietnam, with a CAGR of +74.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, jumping by 17% against the previous year. Over the period under review, the export price, however, showed a slight downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Zambia ($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 the United Arab Emirates (+1.5%), 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 India

In 2021, approx. X tons of oleic, linoleic or linolenic acids, their salts and esters were imported into India; surging by 4% compared with the previous year's figure. Over the period under review, imports, however, showed a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of 14% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids imports expanded remarkably to $X in 2021. In general, imports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2017 when imports increased by 16% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X tons) constituted the largest oleic, linoleic or linolenic acids supplier to India, with a 47% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from Australia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. The third position in this ranking was held by Indonesia (X tons), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia stood at +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+0.0% per year) and Indonesia (-13.0% per year).

In value terms, Australia ($X) constituted the largest supplier of oleic, linoleic or linolenic acids, their salts and esters to India, comprising 35% of total imports. The second position in the ranking was held by Malaysia ($X), with a 13% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Australia totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+12.8% per year) and China (-20.8% per year).

Import Prices by Country

The average import price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, increasing by 6.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 26%. The import price peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :