U.S.: 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 the U.S.

In 2021, after three years of growth, there was significant decline in the U.S. market for oleic, linoleic or linolenic acids, their salts and esters, when its value decreased by -9.3% to $X. The market value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in the U.S.

In value terms, oleic, linoleic or linolenic acids production dropped to $X in 2021. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 25% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

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

Exports from the U.S.

In 2021, approx. X tons of oleic, linoleic or linolenic acids, their salts and esters were exported from the United States; which is down by -12.2% on 2020 figures. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 32%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids exports rose sharply to $X in 2021. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 14%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for oleic, linoleic or linolenic acids exports from the United States, accounting for a 34% share of total exports. Moreover, oleic, linoleic or linolenic acids exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), twofold. Germany (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico amounted to +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+2.5% per year) and Germany (+16.1% per year).

In value terms, Mexico ($X), Canada ($X) and Germany ($X) constituted the largest markets for oleic, linoleic or linolenic acids exported from the United States worldwide, together accounting for 54% of total exports. Brazil, Japan, China, Singapore, the UK, Australia, Colombia, Finland, Argentina and Costa Rica lagged somewhat behind, together comprising a further 38%.

Costa Rica, with a CAGR of +44.3%, saw the highest growth rate of the value of exports, among 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

The average export price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, picking up by 27% against the previous year. In general, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average export price increased by 66%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Finland ($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 Colombia (+35.3%), 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 the U.S.

In 2021, oleic, linoleic or linolenic acids imports into the United States soared to X tons, growing by 26% compared with the previous year. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 38% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids imports soared to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.0% against 2018 indices. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of oleic, linoleic or linolenic acids imports to the United States, with a combined 62% share of total imports. These countries were followed by the UK, Argentina, India, Indonesia, Japan, China, France and the Netherlands, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +60.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and Italy ($X) constituted the largest oleic, linoleic or linolenic acids suppliers to the United States, together accounting for 45% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +41.8%, recorded the highest growth rate of 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

The average import price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, jumping by 23% against the previous year. In general, the import price, however, showed a mild curtailment. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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