Report Update Nov 1, 2024

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

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Northern America: Industrial Oleic Acid Market 2024

Industrial Oleic Acid Market Size in Northern America

In 2021, after three years of growth, there was decline in the North American industrial oleic acid market, when its value decreased by -3.5% to $X. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 increased by +78.3% against 2017 indices. The level of consumption peaked at $X in 2020, and then fell slightly in the following year.

Industrial Oleic Acid Production in Northern America

In value terms, industrial oleic acid production dropped modestly to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +78.9% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 45%. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Industrial Oleic Acid Exports

Exports in Northern America

In 2021, overseas shipments of industrial oleic acid were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a mild downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, industrial oleic acid exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a slight shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of industrial oleic acid, namely the United States, represented more than two-thirds of total export.

The United States experienced a relatively flat trend pattern with regard to volume of exports of industrial oleic acid. The United States (+15 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest industrial oleic acid supplier in Northern America.

In the United States, industrial oleic acid exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 35% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +0.4% per year.

Industrial Oleic Acid Imports

Imports in Northern America

In 2021, imports of industrial oleic acid in Northern America rose remarkably to X tons, with an increase of 5.2% on 2020. Over the period under review, imports, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2016 with an increase of 58%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, industrial oleic acid imports surged to $X in 2021. In general, imports, however, showed a mild shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States represented the key importing country with an import of around X tons, which resulted at 89% of total imports. It was distantly followed by Canada (X tons), committing an 11% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of industrial oleic acid. Canada (-11.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +16 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported industrial oleic acid in Northern America, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +1.3%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, picking up by 59% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial oleic acid in Northern America?

The United States remains the largest industrial oleic acid consuming country in Northern America, comprising approx. 99% of total volume.

What are the largest producers of industrial oleic acid in Northern America?

The United States remains the largest industrial oleic acid producing country in Northern America, accounting for 100% of total volume.

What are the leading exporters of industrial oleic acid in Northern America?

In value terms, the United States remains the largest industrial oleic acid supplier in Northern America.

What are the leading importers of industrial oleic acid in Northern America?

In value terms, the United States constitutes the largest market for imported industrial oleic acid in Northern America, comprising 86% of total imports. The second position in the ranking was occupied by Canada, with a 14% share of total imports.

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

The industrial oleic acid export price in Northern America stood at $1,400 per ton in 2020, which is down by -6.4% against the previous year.

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

In 2020, the industrial oleic acid import price in Northern America amounted to $1,040 per ton, shrinking by -2.5% against the previous year.

This report provides an in-depth analysis of the industrial oleic acid market in Northern America. 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:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023