Report Update Nov 1, 2024

Puerto Rico - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in Puerto Rico

The Puerto Rican industrial stearic acid market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, recorded a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Industrial Stearic Acid Production in Puerto Rico

In value terms, industrial stearic acid production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2018 when the production volume increased by 58%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Industrial Stearic Acid Exports

Exports by Country

In 2021, Indonesia (X tons) represented the largest exporter of industrial stearic acid, creating 52% of total exports. It was distantly followed by Malaysia (X tons) and the Netherlands (X tons), together generating a 31% share of total exports. The following exporters - Sweden (X tons), Germany (X tons), the United States (X tons) and India (X tons) - together made up 7.7% of total exports.

Indonesia was also the fastest-growing in terms of the industrial stearic acid exports, with a CAGR of +5.7% from 2012 to 2021. At the same time, Sweden (+4.6%) displayed positive paces of growth. Germany, the Netherlands and Malaysia experienced a relatively flat trend pattern. By contrast, the United States (-4.1%) and India (-21.3%) illustrated a downward trend over the same period. Indonesia (+13 p.p.) significantly strengthened its position in terms of the global exports, while the United States, India and Malaysia saw its share reduced by -1.7%, -2.4% and -6.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest industrial stearic acid supplying countries from Puerto Rico were Indonesia ($X), Malaysia ($X) and the Netherlands ($X), with a combined 80% share of total exports. These countries were followed by Sweden, Germany, the United States and India, which together accounted for a further 10%.

In terms of the main exporting countries, Sweden, with a CAGR of +6.1%, 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.

Industrial Stearic Acid Imports

Imports by Country

In 2021, China (X tons) represented the key importer of industrial stearic acid, generating 25% of total imports. Turkey (X tons) ranks second in terms of the total imports with a 6.7% share, followed by the Netherlands (6.4%), South Korea (6.3%) and Germany (4.6%). Singapore (X tons), Vietnam (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Japan (X tons), the United States (X tons), Iran (X tons) and Mexico (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +3.7% from 2012 to 2021. At the same time, Vietnam (+11.1%), Iran (+7.1%), Turkey (+6.4%), the United States (+5.5%), the Netherlands (+3.3%), South Korea (+2.9%), Singapore (+2.0%), Thailand (+2.0%) and Taiwan (Chinese) (+1.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +11.1% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, Mexico (-1.6%) and Germany (-2.1%) illustrated a downward trend over the same period. While the share of Vietnam (+1.7 p.p.) and Turkey (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Germany (-2.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial stearic acid into Puerto Rico, comprising 23% of global imports. The second position in the ranking was taken by Turkey ($X), with a 7.4% share of global imports. It was followed by South Korea, with a 5.9% share.

In China, industrial stearic acid imports expanded at an average annual rate of +4.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+7.8% per year) and South Korea (+2.9% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest industrial stearic acid consuming country worldwide, accounting for 26% of total volume. Moreover, industrial stearic 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 11% share.

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

The countries with the highest volumes of industrial stearic acid production in 2020 were Indonesia, China and the United States, with a combined 51% share of global production.

What are the leading suppliers of industrial stearic acid to Puerto Rico?

In value terms, China constitutes the largest market for imported industrial stearic acid into Puerto Rico, comprising 26% of global imports. The second position in the ranking was occupied by the Netherlands, with a 6.2% share of global imports. It was followed by South Korea, with a 5.7% share.

What are the leading importers of industrial stearic acid from Puerto Rico?

In value terms, the largest industrial stearic acid supplying countries from Puerto Rico were Indonesia, Malaysia and the Netherlands, with a combined 81% share of total exports.

What is the average export price for industrial stearic acid in Puerto Rico?

In 2020, the industrial stearic acid export price in Puerto Rico amounted to $less than 0.1 per ton, remaining stable against the previous year.

What is the average import price for industrial stearic acid in Puerto Rico?

The industrial stearic acid import price in Puerto Rico stood at $less than 0.1 per ton in 2020, flattening at the previous year.

This report provides an in-depth analysis of the industrial stearic acid market in Puerto Rico. 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 20143120 - Industrial stearic acid

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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