Southern Asia: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Southern Asia

In 2021, the South Asian tall oil fatty acids market increased by 23% to $X, rising for the second consecutive year after four years of decline. Overall, consumption posted a resilient expansion. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Industrial Tall Oil Fatty Acids in Southern Asia

In value terms, tall oil fatty acids production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 24% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Industrial Tall Oil Fatty Acids

Exports in Southern Asia

In 2021, shipments abroad of industrial tall oil fatty acids was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 218% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, tall oil fatty acids exports declined to $X in 2021. In general, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 265% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India was the key exporter of industrial tall oil fatty acids in Southern Asia, with the volume of exports accounting for X tons, which was approx. 79% of total exports in 2021. It was distantly followed by Nepal (X tons), generating a 21% share of total exports.

Exports from India decreased at an average annual rate of -13.5% from 2012 to 2021. Nepal experienced a relatively flat trend pattern. While the share of Nepal (+21 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-21.3 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest tall oil fatty acids supplier in Southern Asia, comprising 87% of total exports. The second position in the ranking was taken by Nepal ($X), with a 13% share of total exports.

In India, tall oil fatty acids exports contracted by an average annual rate of -12.2% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, reducing by -24.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 107% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while Nepal amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.5%).

Imports of Industrial Tall Oil Fatty Acids

Imports in Southern Asia

In 2021, the amount of industrial tall oil fatty acids imported in Southern Asia surged to X tons, with an increase of 18% compared with 2020. Over the period under review, imports showed resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 229%. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, tall oil fatty acids imports skyrocketed to $X in 2021. In general, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 158% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

India prevails in imports structure, amounting to X tons, which was approx. 97% of total imports in 2021. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the industrial tall oil fatty acids imports, with a CAGR of +17.3% from 2012 to 2021. Pakistan experienced a relatively flat trend pattern. While the share of India (+26 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Pakistan (-5.3 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported industrial tall oil fatty acids in Southern Asia, comprising 96% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 2.8% share of total imports.

In India, tall oil fatty acids imports expanded at an average annual rate of +12.2% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, growing by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2016 an increase of 13% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Pakistan ($X per ton), while India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-3.0%).

Source: IndexBox Platform

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