Malaysia: 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 Malaysia

The Malaysian market for oleic, linoleic or linolenic acids, their salts and esters fell sharply to $X in 2021, shrinking by -55.8% against the previous year. In general, consumption, however, continues to indicate a notable expansion. Oleic, linoleic or linolenic acids consumption peaked at $X in 2020, and then dropped sharply in the following year.

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

In value terms, oleic, linoleic or linolenic acids production totaled $X in 2021 estimated in export price. Over the period under review, production recorded modest growth. The pace of growth appeared the most rapid in 2013 with an increase of 121% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

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

Exports from Malaysia

In 2021, overseas shipments of oleic, linoleic or linolenic acids, their salts and esters increased by 145% to X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, exports, however, saw a slight slump. The most prominent rate of growth was recorded in 2013 with an increase of 165% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids exports skyrocketed to $X in 2021. In general, exports showed perceptible growth. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons), the Netherlands (X tons) and South Korea (X tons) were the main destinations of oleic, linoleic or linolenic acids exports from Malaysia, with a combined 56% share of total exports. These countries were followed by Japan, the United States, Spain, South Africa, Brazil, India, China and Germany, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +176.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oleic, linoleic or linolenic acids exported from Malaysia were the Netherlands ($X), Turkey ($X) and South Korea ($X), with a combined 51% share of total exports. Japan, Brazil, South Africa, Spain, the United States, China, India and Germany lagged somewhat behind, together comprising a further 38%.

Among the main countries of destination, South Africa, with a CAGR of +159.2%, recorded the highest rates of growth with regard to 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

The average export price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, surging by 45% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.0% 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 +48.3% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Turkey ($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 Spain (+7.4%), 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 Malaysia

In 2021, after three years of decline, there was significant growth in purchases abroad of oleic, linoleic or linolenic acids, their salts and esters, when their volume increased by 27% to X tons. In general, imports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2015 when imports increased by 366%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids imports soared to $X in 2021. Overall, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 400% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tons), Australia (X tons) and China (X tons) were the main suppliers of oleic, linoleic or linolenic acids imports to Malaysia, with a combined 53% 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 UK (with a CAGR of +56.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the Netherlands ($X) and Taiwan (Chinese) ($X) were the largest oleic, linoleic or linolenic acids suppliers to Malaysia, together comprising 45% of total imports. These countries were followed by the UK, Singapore, China, Japan, the United States and India, which together accounted for a further 47%.

Among the main suppliers, the UK, with a CAGR of +46.0%, recorded the highest growth rate of 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, jumping by 40% against the previous year. Overall, the import price, however, continues to indicate a abrupt shrinkage. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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