U.S.: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in the U.S.

The U.S. tall oil fatty acids market declined remarkably to $X in 2021, shrinking by -62.8% against the previous year. In general, consumption recorded a abrupt decrease. Tall oil fatty acids consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Industrial Tall Oil Fatty Acids in the U.S.

In value terms, tall oil fatty acids production rose slightly to $X in 2021. Over the period under review, production recorded a slight shrinkage. The pace of growth was the most pronounced in 2013 when the production volume increased by 7.1% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Industrial Tall Oil Fatty Acids

Exports from the U.S.

Tall oil fatty acids exports from the United States skyrocketed to X tons in 2021, growing by 17% against the previous year's figure. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 24% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, tall oil fatty acids exports surged to $X in 2021. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons), Mexico (X tons) and India (X tons) were the main destinations of tall oil fatty acids exports from the United States, together comprising 38% of total exports. These countries were followed by the Netherlands, Australia, France, South Korea, Singapore, China, Colombia, Turkey, Italy and Brazil, which together accounted for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +95.7%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Australia ($X) and India ($X) constituted the largest markets for tall oil fatty acids exported from the United States worldwide, with a combined 37% share of total exports.

Among the main countries of destination, Australia, with a CAGR of +98.5%, recorded the highest growth rate of the value of exports, 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 tall oil fatty acids export price amounted to $X per ton, surging by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a slight contraction. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Sweden ($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 Mexico (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Tall Oil Fatty Acids

Imports into the U.S.

In 2021, the amount of industrial tall oil fatty acids imported into the United States shrank markedly to X tons, which is down by -22.9% compared with 2020 figures. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 246%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, tall oil fatty acids imports dropped slightly to $X in 2021. Over the period under review, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 209%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Sweden (X tons) and Finland (X tons) were the main suppliers of tall oil fatty acids imports to the United States, with a combined 91% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +49.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tall oil fatty acids suppliers to the United States were the Netherlands ($X), Sweden ($X) and Finland ($X), together comprising 87% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +49.8%, recorded the highest rates of growth with regard to the value of imports, 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 tall oil fatty acids import price amounted to $X per ton, rising by 27% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. 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 China ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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