Netherlands: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in the Netherlands

The Dutch market for palmitic acid, stearic acid, their salts and esters soared to $X in 2021, picking up by 126% against the previous year. Overall, consumption posted a moderate increase. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in the Netherlands

In value terms, production of palmitic acid, stearic acid, their salts and esters soared to $X in 2021 estimated in export price. In general, production, however, faced a abrupt downturn. Over the period under review, production of reached the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from the Netherlands

For the fourth year in a row, the Netherlands recorded growth in shipments abroad of palmitic acid, stearic acid, their salts and esters, which increased by 41% to X tons in 2021. Over the period under review, exports continue to indicate noticeable growth. The pace of growth was the most pronounced in 2014 when exports increased by 73%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of palmitic acid, stearic acid, their salts and esters soared to $X in 2021. Overall, exports showed pronounced growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from the Netherlands, with a 46% share of total exports. Moreover, exports of palmitic acid, stearic acid, their salts and esters to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.9% per year) and Italy (+14.8% per year).

In value terms, Germany ($X) remains the key foreign market for palmitic acid, stearic acid, their salts and esters exports from the Netherlands, comprising 43% of total exports. The second position in the ranking was taken by France ($X), with a 14% share of total exports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.9% per year) and Italy (+11.6% per year).

Export Prices by Country

In 2021, the average export price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, surging by 14% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to France ($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 Denmark (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into the Netherlands

In 2021, supplies from abroad of palmitic acid, stearic acid, their salts and esters increased by 67% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by 126% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of palmitic acid, stearic acid, their salts and esters surged to $X in 2021. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 108% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Indonesia (X tons), Malaysia (X tons) and Germany (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to the Netherlands, with a combined 86% share of total imports. Italy, Belgium, India and the UK lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +32.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Germany ($X) appeared to be the largest palmitic acid, stearic acid, their salts and esters suppliers to the Netherlands, with a combined 78% share of total imports. Italy, Belgium, India and the UK lagged somewhat behind, together accounting for a further 15%.

Among the main suppliers, India, with a CAGR of +34.6%, 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

In 2021, the average import price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, picking up by 16% against the previous year. In general, the import price, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2017 when the average import price increased by 17%. The import price peaked 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 India ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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