Italy: Industrial Oleic Acid Market 2025

Industrial Oleic Acid Market Size in Italy

The Italian industrial oleic acid market rose rapidly to $X in 2021, surging by 14% against the previous year. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +25.7% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the near future.

Industrial Oleic Acid Production in Italy

In value terms, industrial oleic acid production stood at $X in 2021 estimated in export price. In general, production, however, showed a abrupt contraction. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Industrial Oleic Acid Exports

Exports from Italy

In 2021, industrial oleic acid exports from Italy skyrocketed to X tons, with an increase of 98% on the year before. In general, exports, however, showed a relatively flat trend pattern. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, industrial oleic acid exports soared to $X in 2021. Overall, exports enjoyed a tangible increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and the Netherlands (X tons) were the main destinations of industrial oleic acid exports from Italy, together comprising 48% of total exports. These countries were followed by Saudi Arabia, Israel, Slovakia, France, the UK, Jordan, Switzerland and Spain, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +288.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Saudi Arabia ($X) and the Netherlands ($X) were the largest markets for industrial oleic acid exported from Italy worldwide, with a combined 54% share of total exports. These countries were followed by the Czech Republic, Israel, France, Slovakia, the UK, Jordan, Switzerland and Spain, which together accounted for a further 37%.

In terms of the main countries of destination, Slovakia, with a CAGR of +374.0%, recorded 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 industrial oleic acid export price amounted to $X per ton, growing by 59% against the previous year. Overall, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Slovakia ($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 Slovakia (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Oleic Acid Imports

Imports into Italy

After six years of growth, supplies from abroad of industrial oleic acid decreased by -13.5% to X tons in 2021. Over the period under review, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 116%. Imports peaked at X tons in 2020, and then dropped in the following year.

In value terms, industrial oleic acid imports surged to $X in 2021. Overall, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 50% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Spain (X tons) were the main suppliers of industrial oleic acid imports to Italy, together comprising 80% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +27.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial oleic acid suppliers to Italy were Germany ($X), the Netherlands ($X) and Spain ($X), with a combined 78% share of total imports.

Spain, with a CAGR of +29.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial oleic acid import price stood at $X per ton in 2021, surging by 67% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Belgium ($X per ton) and the Netherlands ($X per ton), while the price for Spain ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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