Global Chemically Modified Oils Market 2025

Chemically Modified Oils Market Size

The global chemically modified oils market expanded significantly to $X in 2022, rising by 7.1% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +87.5% against 2012 indices. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Chemically Modified Oils Production

In value terms, chemically modified oils production expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.4% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 26% against the previous year. Over the period under review, global production hit record highs in 2022 and is expected to retain growth in years to come.

Chemically Modified Oils Exports

Exports

For the fifth consecutive year, the global market recorded growth in shipments abroad of animal or vegetable fats and oils chemically modified, which increased by 7.3% to X tons in 2022. Overall, exports recorded buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by 30% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, chemically modified oils exports skyrocketed to $X in 2022. Over the period under review, exports showed a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 71%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons) and the Netherlands (X tons) represented the largest exporters of animal or vegetable fats and oils chemically modified in 2022, accounting for near 23% and 18% of total exports, respectively. It was distantly followed by Malaysia (X tons), the United States (X tons) and Spain (X tons), together creating an 18% share of total exports. Canada (X tons), the UK (X tons), Indonesia (X tons), Germany (X tons), Poland (X tons), Italy (X tons) and Belgium (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +47.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest chemically modified oils supplying countries worldwide were China ($X), the Netherlands ($X) and Malaysia ($X), together accounting for 48% of global exports. Spain, the United States, Canada, the UK, Germany, Poland, Italy, Belgium and Indonesia lagged somewhat behind, together comprising a further 34%.

Spain, with a CAGR of +51.1%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chemically modified oils export price amounted to $X per ton, growing by 19% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chemically modified oils export price increased by +86.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 38% against the previous year. The global export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.0%), while the other global leaders experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports

For the eleventh year in a row, the global market recorded growth in supplies from abroad of animal or vegetable fats and oils chemically modified, which increased by 13% to X tons in 2022. In general, imports showed a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 27% against the previous year. Global imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, chemically modified oils imports soared to $X in 2022. Over the period under review, imports recorded resilient growth. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

The Netherlands was the main importing country with an import of around X tons, which amounted to 26% of total imports. Singapore (X tons) took the second position in the ranking, followed by Spain (X tons), Germany (X tons), Afghanistan (X tons) and Finland (X tons). All these countries together held near 37% share of total imports. The following importers - the United States (X tons), Malaysia (X tons), the UK (X tons), Sweden (X tons), Belgium (X tons), Portugal (X tons) and France (X tons) - together made up 21% of total imports.

Imports into the Netherlands increased at an average annual rate of +15.9% from 2012 to 2022. At the same time, Singapore (+71.9%), Finland (+59.7%), Malaysia (+47.4%), Portugal (+47.0%), Sweden (+38.8%), the United States (+38.0%), France (+30.0%), Spain (+28.7%), Belgium (+14.9%), Afghanistan (+6.1%), Germany (+6.1%) and the UK (+6.0%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in the world, with a CAGR of +71.9% from 2012-2022. While the share of Singapore (+10 p.p.), Spain (+7.1 p.p.), the Netherlands (+5.1 p.p.), Finland (+4.7 p.p.), the United States (+3.8 p.p.), Malaysia (+3.8 p.p.), Sweden (+2.1 p.p.) and Portugal (+1.9 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the UK (-3.7 p.p.), Afghanistan (-5.1 p.p.) and Germany (-6.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported animal or vegetable fats and oils chemically modified worldwide, comprising 23% of global imports. The second position in the ranking was held by Singapore ($X), with an 11% share of global imports. It was followed by Spain, with an 11% share.

In the Netherlands, chemically modified oils imports increased at an average annual rate of +19.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (+72.4% per year) and Spain (+35.0% per year).

Import Prices by Country

In 2022, the average chemically modified oils import price amounted to $X per ton, increasing by 23% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chemically modified oils import price increased by +92.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36% against the previous year. Global import price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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