Sweden: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024

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

The Swedish market for oleic, linoleic or linolenic acids, their salts and esters totaled $X in 2021, with an increase of 2% against the previous year. Over the period under review, consumption, however, recorded buoyant growth. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

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

In value terms, oleic, linoleic or linolenic acids production contracted remarkably to $X in 2021 estimated in export price. In general, production, however, saw buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 253%. Oleic, linoleic or linolenic acids production peaked at $X in 2020, and then declined sharply in the following year.

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

Exports from Sweden

Oleic, linoleic or linolenic acids exports from Sweden soared to X tons in 2021, increasing by 83% on 2020 figures. Overall, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids exports soared to $X in 2021. In general, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Austria (X tons) was the main destination for oleic, linoleic or linolenic acids exports from Sweden, accounting for a 43% share of total exports. Moreover, oleic, linoleic or linolenic acids exports to Austria exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to Austria amounted to +147.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+20.6% per year) and the Netherlands (+27.2% per year).

In value terms, Austria ($X) emerged as the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from Sweden, comprising 52% of total exports. The second position in the ranking was held by Finland ($X), with an 11% share of total exports. It was followed by Switzerland, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria amounted to +149.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+23.4% per year) and Switzerland (+35.2% per year).

Export Prices by Country

In 2021, the average export price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, jumping by 24% against the previous year. Overall, the export price enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2020 an increase of 62% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Belgium ($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 Finland (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Sweden

In 2021, after two years of decline, there was significant growth in overseas purchases of oleic, linoleic or linolenic acids, their salts and esters, when their volume increased by 61% to X tons. In general, imports showed a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 291% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids imports soared to $X in 2021. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 329% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Germany (X tons), Switzerland (X tons) and Italy (X tons) were the main suppliers of oleic, linoleic or linolenic acids imports to Sweden, together accounting for 72% of total imports.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +106.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and Italy ($X) constituted the largest oleic, linoleic or linolenic acids suppliers to Sweden, together comprising 75% of total imports.

Switzerland, with a CAGR of +137.2%, saw 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 more modest paces of growth.

Import Prices by Country

The average import price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, declining by -27.6% against the previous year. Over the period under review, the import price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2020 when the average import price increased by 90%. As a result, import price attained the peak level of $X per ton, and then reduced rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+46.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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