United Kingdom: Industrial Oleic Acid Market 2025

Industrial Oleic Acid Market Size in the UK

For the fourth consecutive year, the UK industrial oleic acid market recorded growth in sales value, which increased by 1.2% to $X in 2021. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Industrial oleic acid consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Industrial Oleic Acid Production in the UK

In value terms, industrial oleic acid production declined modestly to $X in 2021 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.6% 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 +68.9% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 44% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Industrial Oleic Acid Exports

Exports from the UK

In 2021, approx. X tons of industrial oleic acid were exported from the UK; with a decrease of -35.6% on 2020. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 165%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, industrial oleic acid exports shrank significantly to $X in 2021. In general, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 204%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Belgium (X tons) and China (X tons) were the main destinations of industrial oleic acid exports from the UK, together accounting for 39% of total exports. These countries were followed by Spain, Italy, Hungary, Ireland, Russia, Slovakia, the Czech Republic, Sweden, the Netherlands and France, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +306.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for industrial oleic acid exports from the UK, comprising 27% of total exports. The second position in the ranking was taken by Belgium ($X), with a 9.9% share of total exports. It was followed by China, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+21.1% per year) and China (-1.3% per year).

Export Prices by Country

In 2021, the average industrial oleic acid export price amounted to $X per ton, picking up by 2.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 58%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 Malaysia (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Oleic Acid Imports

Imports into the UK

In 2021, supplies from abroad of industrial oleic acid increased by 29% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a deep slump. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, industrial oleic acid imports soared to $X in 2021. Over the period under review, imports, however, showed a perceptible contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Belgium (X tons) and Malaysia (X tons) were the main suppliers of industrial oleic acid imports to the UK, with a combined 89% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +13.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Belgium ($X) and Malaysia ($X) were the largest industrial oleic acid suppliers to the UK, with a combined 87% share of total imports.

Malaysia, with a CAGR of +15.6%, 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 a decline.

Import Prices by Country

The average industrial oleic acid import price stood at $X per ton in 2021, rising by 66% against the previous year. In general, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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