Report Update Nov 1, 2024

Venezuela - Industrial Tall Oil Fatty Acids - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Venezuela

For the third consecutive year, the Venezuelan tall oil fatty acids market recorded decline in sales value, which decreased by -36.1% to $X in 2021. Overall, consumption recorded a abrupt downturn. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Industrial Tall Oil Fatty Acids in Venezuela

In value terms, tall oil fatty acids production stood at less than $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with a decrease of 99.9%. Tall oil fatty acids production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Industrial Tall Oil Fatty Acids

Exports from Venezuela

In 2021, overseas shipments of industrial tall oil fatty acids increased by 11% to X tons, rising for the fifth year in a row after three years of decline. In general, exports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by 68% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tall oil fatty acids exports declined to $X in 2021. Over the period under review, exports, however, showed a significant curtailment. The growth pace was the most rapid in 2013 with an increase of 72% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for tall oil fatty acids exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -10.8%.

In value terms, the United States ($X) also remains the key foreign market for industrial tall oil fatty acids exports from Venezuela.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -26.7%.

Export Prices by Country

The average tall oil fatty acids export price stood at $X per ton in 2021, declining by -14.9% against the previous year. In general, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 2.3% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -17.8% per year.

Imports of Industrial Tall Oil Fatty Acids

Imports into Venezuela

In 2021, the amount of industrial tall oil fatty acids imported into Venezuela fell notably to X tons, declining by -71.9% against 2020. Over the period under review, imports recorded a precipitous curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 546% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, tall oil fatty acids imports declined sharply to $X in 2021. In general, imports recorded a precipitous slump. The pace of growth appeared the most rapid in 2018 when imports increased by 779%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Mexico (X tons), the United States (X tons) and Colombia (X tons) were the main suppliers of tall oil fatty acids imports to Venezuela, together accounting for 83% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of -5.6%), while imports for the other leaders experienced a decline.

In value terms, the largest tall oil fatty acids suppliers to Venezuela were Mexico ($X), the United States ($X) and China ($X), with a combined 86% share of total imports. Colombia lagged somewhat behind, comprising a further 5.2%.

Colombia, with a CAGR of -4.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average tall oil fatty acids import price stood at $X per ton in 2021, falling by -13.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 62%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial tall oil fatty acids in the world?

The countries with the highest volumes of tall oil fatty acids consumption in 2020 were Sweden, the United States and Germany, together accounting for 25% of global consumption. China, Mexico, Italy, Russia, India, Belgium, Poland, Turkey, the Netherlands and Finland lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of industrial tall oil fatty acids in the world?

The countries with the highest volumes of tall oil fatty acids production in 2020 were the United States, Finland and Sweden, together comprising 78% of global production. These countries were followed by France, the Netherlands, Austria and New Zealand, which together accounted for a further 15%.

What are the leading suppliers of industrial tall oil fatty acids to Venezuela?

In value terms, the United States constituted the largest supplier of tall oil fatty acids to Venezuela, comprising 92% of total imports. The second position in the ranking was occupied by Mexico, with a 5.1% share of total imports.

What are the leading importers of industrial tall oil fatty acids from Venezuela?

In value terms, the United States remains the key foreign market for tall oil fatty acids exports from Venezuela.

What is the average export price for industrial tall oil fatty acids in Venezuela?

In 2020, the average tall oil fatty acids export price amounted to $300 per ton, declining by -14.3% against the previous year.

What is the average import price for industrial tall oil fatty acids in Venezuela?

In 2020, the average tall oil fatty acids import price amounted to $2,913 per ton, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the market for tall oil fatty acids in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143150 - Industrial tall oil fatty acids

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023