Japan: Industrial Oleic Acid Market 2025

Industrial Oleic Acid Market Size in Japan

In 2021, after three years of decline, there was significant growth in the Japanese industrial oleic acid market, when its value increased by 83% to $X. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Industrial Oleic Acid Production in Japan

In value terms, industrial oleic acid production surged to $X in 2021 estimated in export price. In general, production, however, showed a perceptible slump. Industrial oleic acid production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Industrial Oleic Acid Exports

Exports from Japan

In 2021, shipments abroad of industrial oleic acid increased by 19% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 366% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial oleic acid exports skyrocketed to $X in 2021. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 153% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Indonesia (X tons) was the main destination for industrial oleic acid exports from Japan, with a 55% share of total exports. Moreover, industrial oleic acid exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The third position in this ranking was held by China (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia amounted to +32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+10.2% per year) and China (-2.6% per year).

In value terms, the largest markets for industrial oleic acid exported from Japan were Indonesia ($X), Malaysia ($X) and China ($X), together accounting for 85% of total exports. Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further 12%.

Taiwan (Chinese), with a CAGR of +135.9%, saw the highest rates of growth with regard to 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 industrial oleic acid export price stood at $X per ton in 2021, surging by 14% against the previous year. In general, the export price, however, saw a deep reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 18% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Malaysia (+0.1%), while the prices for the other major destinations experienced a decline.

Industrial Oleic Acid Imports

Imports into Japan

In 2021, purchases abroad of industrial oleic acid was finally on the rise to reach X tons after two years of decline. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 31%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, industrial oleic acid imports soared to $X in 2021. Overall, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons), Malaysia (X tons) and the United States (X tons) were the main suppliers of industrial oleic acid imports to Japan, with a combined 81% 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 the United States (with a CAGR of +28.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and the United States ($X) constituted the largest industrial oleic acid suppliers to Japan, with a combined 82% share of total imports.

Among the main suppliers, the United States, 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 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 60% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from China ($X per ton) and Malaysia ($X per ton), while the price for South Korea ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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