Spain: Industrial Oleic Acid Market 2025

Industrial Oleic Acid Market Size in Spain

In 2021, the Spanish industrial oleic acid market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Industrial oleic acid consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Industrial Oleic Acid Production in Spain

In value terms, industrial oleic acid production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a mild descent. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Industrial Oleic Acid Exports

Exports from Spain

In 2021, shipments abroad of industrial oleic acid increased by 9.4% to X tons, rising for the second consecutive year after two years of decline. In general, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 183% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, industrial oleic acid exports skyrocketed to $X in 2021. Overall, exports showed strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 74% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Italy (X tons) was the main destination for industrial oleic acid exports from Spain, with a 56% share of total exports. Moreover, industrial oleic acid exports to Italy exceeded the volume sent to the second major destination, France (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to Italy amounted to +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+18.9% per year) and the Netherlands (+114.9% per year).

In value terms, Italy ($X) emerged as the key foreign market for industrial oleic acid exports from Spain, comprising 52% of total exports. The second position in the ranking was taken by France ($X), with an 18% share of total exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Italy totaled +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+15.0% per year) and the Netherlands (+117.1% per year).

Export Prices by Country

The average industrial oleic acid export price stood at $X per ton in 2021, jumping by 59% against the previous year. In general, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial oleic acid export price increased by +60.8% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Portugal ($X per ton), while the average price for exports to France ($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 Italy (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Oleic Acid Imports

Imports into Spain

In 2021, supplies from abroad of industrial oleic acid was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial oleic acid imports surged to $X in 2021. In general, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Malaysia (X tons) and Indonesia (X tons) were the main suppliers of industrial oleic acid imports to Spain, with a combined 76% share of total imports. Italy, Germany and Belgium lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +29.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Indonesia ($X) and Malaysia ($X) constituted the largest industrial oleic acid suppliers to Spain, together accounting for 71% of total imports. These countries were followed by Germany, Italy and Belgium, which together accounted for a further 28%.

Germany, with a CAGR of +25.7%, saw the highest growth rate of the value of imports, among the main suppliers 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 industrial oleic acid import price amounted to $X per ton, picking up by 44% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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