Global Industrial Stearic Acid Market 2025

Industrial Stearic Acid Market Size

The global industrial stearic acid market expanded sharply to $X in 2021, surging by 8.2% against the previous year. Overall, consumption, however, showed a pronounced descent. Global consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Industrial Stearic Acid Production

In value terms, industrial stearic acid production reduced modestly to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by 11%. Over the period under review, global production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Industrial Stearic Acid Exports

Exports

In 2021, after two years of decline, there was significant growth in shipments abroad of industrial stearic acid, when their volume increased by 18% to X tons. The total export volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial stearic acid exports soared to $X in 2021. Overall, total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +86.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia was the major exporting country with an export of about X tons, which reached 52% of total exports. Malaysia (X tons) took the second position in the ranking, distantly followed by the Netherlands (X tons). All these countries together took near 31% share of total exports. The following exporters - Sweden (X tons), Germany (X tons) and the United States (X tons) - together made up 7.5% of total exports.

Indonesia was also the fastest-growing in terms of the industrial stearic acid exports, with a CAGR of +5.7% from 2012 to 2021. At the same time, Sweden (+4.6%) displayed positive paces of growth. Germany, the Netherlands and Malaysia experienced a relatively flat trend pattern. By contrast, the United States (-4.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest industrial stearic acid supplying countries worldwide were Indonesia ($X), Malaysia ($X) and the Netherlands ($X), together comprising 80% of global exports. These countries were followed by Sweden, Germany and the United States, which together accounted for a further 9.8%.

In terms of the main exporting countries, Sweden, with a CAGR of +6.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial stearic acid export price stood at $X per ton in 2021, surging by 39% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the other global leaders experienced more modest paces of growth.

Industrial Stearic Acid Imports

Imports

In 2021, overseas purchases of industrial stearic acid were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial stearic acid imports soared to $X in 2021. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the largest importing country with an import of about X tons, which amounted to 25% of total imports. Turkey (X tons) held the second position in the ranking, followed by the Netherlands (X tons), South Korea (X tons) and Germany (X tons). All these countries together held approx. 24% share of total imports. The following importers - Singapore (X tons), Vietnam (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Japan (X tons), the United States (X tons), Iran (X tons) and Mexico (X tons) - together made up 24% of total imports.

From 2012 to 2021, average annual rates of growth with regard to industrial stearic acid imports into China stood at +3.7%. At the same time, Vietnam (+11.1%), Iran (+7.1%), Turkey (+6.4%), the United States (+5.5%), the Netherlands (+3.3%), South Korea (+2.9%), Singapore (+2.0%), Thailand (+2.0%) and Taiwan (Chinese) (+1.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +11.1% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, Mexico (-1.6%) and Germany (-2.1%) illustrated a downward trend over the same period. While the share of Vietnam (+1.7 p.p.) and Turkey (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Germany (-2.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial stearic acid worldwide, comprising 23% of global imports. The second position in the ranking was taken by Turkey ($X), with a 7.4% share of global imports. It was followed by South Korea, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +4.4%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+7.8% per year) and South Korea (+2.9% per year).

Import Prices by Country

The average industrial stearic acid import price stood at $X per ton in 2021, jumping by 44% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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