Japan: 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 Japan

The Japanese market for oleic, linoleic or linolenic acids, their salts and esters declined to $X in 2021, waning by -7.4% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.1% 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 decreased by -34.6% against 2017 indices. Oleic, linoleic or linolenic acids consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

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

In value terms, oleic, linoleic or linolenic acids production rose modestly to $X in 2021 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -33.4% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of 24% against the previous year. Oleic, linoleic or linolenic acids production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

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

Exports from Japan

In 2021, approx. X tons of oleic, linoleic or linolenic acids, their salts and esters were exported from Japan; jumping by 217% on the previous year's figure. Over the period under review, exports posted prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids exports surged to $X in 2021. In general, exports posted measured growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons) was the main destination for oleic, linoleic or linolenic acids exports from Japan, accounting for a 70% share of total exports. Moreover, oleic, linoleic or linolenic acids exports to Singapore exceeded the volume sent to the second major destination, the United States (X tons), ninefold. India (X tons) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled +66.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+126.6% per year) and India (+12.4% per year).

In value terms, the largest markets for oleic, linoleic or linolenic acids exported from Japan were Singapore ($X), the United States ($X) and Indonesia ($X), together comprising 79% of total exports.

The United States, with a CAGR of +94.3%, saw 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, with a decrease of -26.9% against the previous year. In general, the export price recorded a perceptible downturn. The pace of growth was the most pronounced in 2018 an increase of 18%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a 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 Turkey ($X per ton), while the average price for exports to Singapore ($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 Turkey (+31.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Japan

In 2021, oleic, linoleic or linolenic acids imports into Japan skyrocketed to X tons, with an increase of 35% against the previous year. In general, imports saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 69% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, oleic, linoleic or linolenic acids imports surged to $X in 2021. Overall, imports posted resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 77% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of oleic, linoleic or linolenic acids to Japan, accounting for a 43% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from South Korea exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+18.9% per year) and Taiwan (Chinese) (+0.0% per year).

In value terms, the largest oleic, linoleic or linolenic acids suppliers to Japan were South Korea ($X), Malaysia ($X) and Taiwan (Chinese) ($X), together comprising 69% of total imports. The United States, India, Thailand, Belgium and China lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, India, with a CAGR of +48.1%, 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

The average import price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, rising by 21% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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