Spain: Market for Lauric Acid And Other Acids, Their Salts And Esters 2025

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Spain

The Spanish market for lauric acid and other acids, their salts and esters surged to $X in 2021, increasing by 21% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% 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 +80.8% against 2014 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Spain

In value terms, production of lauric acid and other acids, their salts and esters surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from Spain

In 2021, the amount of lauric acid and other acids, their salts and esters exported from Spain expanded markedly to X tons, growing by 13% on the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 68%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of lauric acid and other acids, their salts and esters surged to $X in 2021. Overall, total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +109.9% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Japan (X tons) and South Africa (X tons) were the main destinations of exports of lauric acid and other acids, their salts and esters from Spain, together accounting for 33% of total exports. Portugal, the United States, China, Switzerland, Germany, Italy, Morocco, Poland, South Korea and Mexico lagged somewhat behind, together accounting for a further 50%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +115.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Japan ($X) constituted the largest markets for lauric acid and other acids, their salts and esters exported from Spain worldwide, together comprising 38% of total exports. These countries were followed by South Africa, China, Switzerland, Germany, Portugal, Italy, South Korea, Poland, Mexico and Morocco, which together accounted for a further 44%.

Morocco, with a CAGR of +113.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for lauric acid and other acids, their salts and esters amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for lauric acid and other acids, their salts and esters increased by +128.4% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 47% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Morocco ($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 (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Spain

In 2021, imports of lauric acid and other acids, their salts and esters into Spain expanded slightly to X tons, growing by 3% on 2020 figures. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +8.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 37% against the previous year. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of lauric acid and other acids, their salts and esters skyrocketed to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +6.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 26%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of imports of lauric acid and other acids, their salts and esters to Spain, with a combined 65% share of total imports. These countries were followed by Malaysia, Italy, China, France, India and the UK, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +43.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the largest lauric acid and other acids, their salts and esters suppliers to Spain, together comprising 60% of total imports. These countries were followed by Belgium, Italy, Malaysia, China, India and the UK, which together accounted for a further 33%.

Italy, with a CAGR of +38.8%, 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

The average import price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, growing by 21% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 21% against the previous year. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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