Scandinavia: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2025

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Scandinavia

The Scandinavia market for oleic, linoleic or linolenic acids, their salts and esters rose significantly to $X in 2021, surging by 5.2% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, oleic, linoleic or linolenic acids production dropped markedly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 176% against the previous year. As a result, production reached the peak level of $X, and then shrank markedly in the following year.

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

Exports in Scandinavia

After two years of decline, overseas shipments of oleic, linoleic or linolenic acids, their salts and esters increased by 66% to X tons in 2021. Over the period under review, exports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 196%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids exports surged to $X in 2021. Overall, exports, however, faced a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by 152% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden dominates exports structure, reaching X tons, which was near 92% of total exports in 2021. It was distantly followed by Norway (X tons), mixing up a 7.2% share of total exports.

Sweden was also the fastest-growing in terms of the oleic, linoleic or linolenic acids, their salts and esters exports, with a CAGR of +11.2% from 2012 to 2021. Norway (-32.0%) illustrated a downward trend over the same period. Sweden (+79 p.p.) significantly strengthened its position in terms of the total exports, while Norway saw its share reduced by -77.5% from 2012 to 2021, respectively.

In value terms, Sweden ($X) remains the largest oleic, linoleic or linolenic acids supplier in Scandinavia, comprising 93% of total exports. The second position in the ranking was taken by Norway ($X), with a 4.8% share of total exports.

In Sweden, oleic, linoleic or linolenic acids exports expanded at an average annual rate of +14.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, with an increase of 26% against the previous year. In general, the export price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by 93%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.6%).

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

Imports in Scandinavia

After two years of decline, overseas purchases of oleic, linoleic or linolenic acids, their salts and esters increased by 49% to X tons in 2021. Overall, imports, however, recorded a abrupt decline. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids imports soared to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 65%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

Sweden represented the main importer of oleic, linoleic or linolenic acids, their salts and esters in Scandinavia, with the volume of imports finishing at X tons, which was approx. 54% of total imports in 2021. Finland (X tons) ranks second in terms of the total imports with a 31% share, followed by Norway (14%).

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +5.3%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X) constitutes the largest market for imported oleic, linoleic or linolenic acids, their salts and esters in Scandinavia, comprising 72% of total imports. The second position in the ranking was held by Finland ($X), with an 18% share of total imports.

In Sweden, oleic, linoleic or linolenic acids imports increased at an average annual rate of +13.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Finland (-11.4% per year) and Norway (-7.1% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, declining by -15.8% against the previous year. Overall, the import price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when the import price increased by 59% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform