Indonesia: 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 Indonesia

The Indonesian market for oleic, linoleic or linolenic acids, their salts and esters contracted to $X in 2021, declining by -11.7% against the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 +60.4% against 2014 indices. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

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

In value terms, oleic, linoleic or linolenic acids production declined slightly to $X in 2021 estimated in export price. In general, production, however, showed a moderate increase. The growth pace was the most rapid in 2016 with an increase of 48% against the previous year. Oleic, linoleic or linolenic acids production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports from Indonesia

In 2021, shipments abroad of oleic, linoleic or linolenic acids, their salts and esters was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports posted buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 86,154%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood 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 enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by 57,441%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons) was the main destination for oleic, linoleic or linolenic acids exports from Indonesia, accounting for a 89% share of total exports. Moreover, oleic, linoleic or linolenic acids exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +34.0%.

In value terms, Germany ($X) remains the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from Indonesia, comprising 87% of total exports. The second position in the ranking was taken by Belgium ($X), with a 5.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +36.1%.

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, increasing by 43% against the previous year. Overall, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.3% 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 +62.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 56% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.6%), while the prices for the other major destinations experienced a decline.

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

Imports into Indonesia

Oleic, linoleic or linolenic acids imports into Indonesia rose sharply to X tons in 2021, picking up by 6.2% compared with 2020 figures. In general, imports enjoyed modest growth. The growth pace was the most rapid in 2018 when imports increased by 69% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, oleic, linoleic or linolenic acids imports soared to $X in 2021. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.2% 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 decreased by -2.2% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 45% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of oleic, linoleic or linolenic acids to Indonesia, with a 75% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. Italy (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +131.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.8% per year) and Italy (+18.7% per year).

In value terms, India ($X) constituted the largest supplier of oleic, linoleic or linolenic acids, their salts and esters to Indonesia, comprising 62% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Japan, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from India stood at +113.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.7% per year) and Japan (+9.6% per year).

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 20% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 28% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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