Report Update Nov 1, 2024

Sri Lanka - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Industrial Oleic Acid Market 2024

Industrial Oleic Acid Market Size in Sri Lanka

The Sri Lankan industrial oleic acid market reached $X in 2021, rising by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded strong growth. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the near future.

Industrial Oleic Acid Exports

Exports from Sri Lanka

In 2021, approx. X tons of industrial oleic acid were exported from Sri Lanka; almost unchanged from the year before. Overall, exports saw a significant expansion. The smallest decline of 99.9% was in 2018. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, industrial oleic acid exports stood at $X in 2021. Over the period under review, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2018. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for industrial oleic acid exports from Sri Lanka, accounting for a approx. 23% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of volume to Malaysia was relatively modest.

From 2015 to 2021, the average annual growth rate of value to Malaysia was relatively modest.

Export Prices by Country

In 2021, the average industrial oleic acid export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2015 to 2021, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Industrial Oleic Acid Imports

Imports into Sri Lanka

For the fourth year in a row, Sri Lanka recorded growth in supplies from abroad of industrial oleic acid, which increased by 8.1% to X tons in 2021. Over the period under review, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +4.1% 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 +20.5% against 2016 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 86% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, industrial oleic acid imports soared to $X in 2021. Overall, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 34% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

India (X tons), Malaysia (X tons) and Indonesia (X tons) were the main suppliers of industrial oleic acid imports to Sri Lanka, together accounting for 73% of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +17.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest industrial oleic acid suppliers to Sri Lanka were India ($X), Malaysia ($X) and Indonesia ($X), together accounting for 77% of total imports.

Malaysia, with a CAGR of +25.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average industrial oleic acid import price stood at $X per ton in 2021, growing by 9.8% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.7% 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 import price increased by +88.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 54% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of industrial oleic acid consumption, accounting for 21% of total volume. Moreover, industrial oleic acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.3% share.

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

The countries with the highest volumes of industrial oleic acid production in 2020 were China, Indonesia and the United States, together comprising 37% of global production.

What are the leading suppliers of industrial oleic acid to Sri Lanka?

In value terms, India, Malaysia and Indonesia were the largest industrial oleic acid suppliers to Sri Lanka, together comprising 100% of total imports.

What is the average export price for industrial oleic acid in Sri Lanka?

In 2017, the average industrial oleic acid export price amounted to $3,710 per ton, remaining stable against the previous year.

What is the average import price for industrial oleic acid in Sri Lanka?

In 2020, the average industrial oleic acid import price amounted to $1,915 per ton, surging by 5.2% against the previous year.

This report provides an in-depth analysis of the industrial oleic acid market in Sri Lanka. 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 20143130 - Industrial oleic acid

Country coverage:

Sri Lanka

Data coverage:

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