Ukraine: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Ukraine

In 2021, the Ukrainian market for palmitic acid, stearic acid, their salts and esters increased by 1.7% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a deep contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in Ukraine

In value terms, production of palmitic acid, stearic acid, their salts and esters totaled $X in 2021 estimated in export price. Overall, production saw a abrupt decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by 62%. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Ukraine

In 2021, overseas shipments of palmitic acid, stearic acid, their salts and esters increased by 41% to X tons, rising for the third year in a row after six years of decline. Over the period under review, exports, however, saw a deep reduction. The growth pace was the most rapid in 2019 when exports increased by 861% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters surged to $X in 2021. In general, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 320% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from Ukraine, with a 76% share of total exports. Moreover, exports of palmitic acid, stearic acid, their salts and esters to Russia exceeded the volume sent to the second major destination, Germany (X tons), sevenfold. Romania (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at -20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-8.2% per year) and Romania (+4.6% per year).

In value terms, Russia ($X) remains the key foreign market for palmitic acid, stearic acid, their salts and esters exports from Ukraine, comprising 62% of total exports. The second position in the ranking was taken by Belarus ($X), with a 20% share of total exports. It was followed by Germany, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to Russia totaled -20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-2.7% per year) and Germany (-8.7% per year).

Export Prices by Country

The average export price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, growing by 63% against the previous year. In general, the export price saw a tangible increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 192%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Russia ($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 Belarus (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Ukraine

In 2021, approx. X tons of palmitic acid, stearic acid, their salts and esters were imported into Ukraine; growing by 20% on 2020 figures. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 123%. Over the period under review, imports of attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, imports of palmitic acid, stearic acid, their salts and esters soared to $X in 2021. Overall, imports posted notable growth. The most prominent rate of growth was recorded in 2017 with an increase of 55%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and India (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to Ukraine, together accounting for 74% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +37.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and India ($X) were the largest palmitic acid, stearic acid, their salts and esters suppliers to Ukraine, with a combined 67% share of total imports.

Among the main suppliers, Indonesia, with a CAGR of +39.0%, 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 palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, surging by 25% against the previous year. Overall, the import price, however, continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2018 an increase of 29%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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