Report Update Nov 1, 2024

Myanmar - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Industrial Oleic Acid Market 2024

Industrial Oleic Acid Market Size in Myanmar

The Myanmar's industrial oleic acid market fell sharply to $X in 2021, waning by -21.3% against the previous year. Overall, consumption, however, posted a remarkable increase. As a result, consumption attained the peak level of $X, and then declined rapidly in the following year.

Industrial Oleic Acid Production in Myanmar

In value terms, industrial oleic acid production reduced dramatically to $X in 2021 estimated in export price. In general, production, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 67% against the previous year. As a result, production attained the peak level of $X, and then dropped markedly in the following year.

Industrial Oleic Acid Exports

Exports from Myanmar

Industrial oleic acid exports from Myanmar was estimated at X tons in 2021, almost unchanged from 2020 figures. Over the period under review, exports recorded a dramatic decline. The smallest decline of 99.9% was in 2018. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial oleic acid exports stood at $X in 2021. Overall, exports continue to indicate a precipitous slump. The smallest decline of 99.9% was in 2018. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for industrial oleic acid exports from Myanmar, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Canada was relatively modest.

Export Prices by Country

In 2021, the average industrial oleic acid export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 when the average export price decreased by 99.9%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to 0.0% per year.

Industrial Oleic Acid Imports

Imports into Myanmar

In 2021, approx. X tons of industrial oleic acid were imported into Myanmar; with a decrease of -88.8% compared with the year before. Overall, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2014 when imports increased by 624%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, industrial oleic acid imports declined rapidly to $X in 2021. In general, imports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 when imports increased by 1,573%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest industrial oleic acid supplier to Myanmar, accounting for a 55% share of total imports. Moreover, industrial oleic acid imports from Malaysia exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold. Thailand (X kg) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia amounted to +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+56.5% per year) and Thailand (-31.9% per year).

In value terms, Singapore ($X) constituted the largest supplier of industrial oleic acid to Myanmar, comprising 58% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports. It was followed by Malaysia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Singapore stood at +37.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-85.3% per year) and Malaysia (-4.8% per year).

Import Prices by Country

In 2021, the average industrial oleic acid import price amounted to $X per ton, with an increase of 23% against the previous year. Over the period under review, the import price recorded a remarkable increase. The growth pace was the most rapid in 2014 an increase of 131% 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.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+51.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial oleic acid in the world?

China remains the largest industrial oleic acid consuming country worldwide, comprising approx. 21% of total volume. Moreover, industrial oleic acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8.3% share.

What are the largest producers of industrial oleic acid in the world?

The countries with the highest volumes of industrial oleic acid production in 2020 were China, Indonesia and the United States, together comprising 37% of global production.

What are the leading suppliers of industrial oleic acid to Myanmar?

In value terms, Japan constituted the largest supplier of industrial oleic acid to Myanmar, comprising 92% of total imports. The second position in the ranking was occupied by China, with an 8.1% share of total imports.

What is the average export price for industrial oleic acid in Myanmar?

The average industrial oleic acid export price stood at $769 per ton in 2017, remaining relatively unchanged against the previous year.

What is the average import price for industrial oleic acid in Myanmar?

The average industrial oleic acid import price stood at $7,436 per ton in 2020, surging by 548% against the previous year.

This report provides an in-depth analysis of the industrial oleic acid market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143130 - Industrial oleic acid

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023