U.S.: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in the U.S.

In 2021, the U.S. market for lauric acid and other acids, their salts and esters increased by 45% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption saw prominent growth. As a result, consumption attained 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 the U.S.

In value terms, production of lauric acid and other acids, their salts and esters dropped to $X in 2021. In general, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +84.8% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 32% against the previous year. Production of peaked at $X in 2020, and then dropped in the following year.

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

Exports from the U.S.

In 2021, the amount of lauric acid and other acids, their salts and esters exported from the United States expanded modestly to X tons, growing by 3.7% compared with 2020. Overall, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.8% 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 +63.2% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 31% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of lauric acid and other acids, their salts and esters soared to $X in 2021. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), the Netherlands (X tons) and Singapore (X tons) were the main destinations of exports of lauric acid and other acids, their salts and esters from the United States, with a combined 50% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +25.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lauric acid and other acids, their salts and esters exported from the United States were the Netherlands ($X), Belgium ($X) and India ($X), together comprising 41% of total exports.

India, with a CAGR of +30.1%, 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, increasing by 19% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Belgium ($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 India (+7.4%), 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 the U.S.

For the fifth year in a row, the United States recorded growth in purchases abroad of lauric acid and other acids, their salts and esters, which increased by 144% to X tons in 2021. Over the period under review, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of lauric acid and other acids, their salts and esters surged to $X in 2021. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of lauric acid and other acids, their salts and esters to the United States, with a 56% share of total imports. Moreover, imports of lauric acid and other acids, their salts and esters from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia stood at +66.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+24.9% per year) and Germany (-5.9% per year).

In value terms, Malaysia ($X) constituted the largest supplier of lauric acid and other acids, their salts and esters to the United States, comprising 57% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 27% share of total imports. It was followed by France, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia amounted to +48.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+65.0% per year) and France (+11.8% per year).

Import Prices by Country

In 2021, the average import price for lauric acid and other acids, their salts and esters amounted to $X per ton, which is down by -7.3% against the previous year. Overall, the import price, however, saw a tangible increase. The pace of growth was the most pronounced in 2020 an increase of 73% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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