Overview of the Global Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

In 2021, the global market for oleic, linoleic or linolenic acids, their salts and esters increased by 7.3% to $X, rising for the seventh consecutive year after two years of decline. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +67.1% against 2014 indices. Over the period under review, the global market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

In value terms, oleic, linoleic or linolenic acids production expanded remarkably to $X in 2021 estimated in export price. The total output value 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. The growth pace was the most rapid in 2017 when the production volume increased by 15% against the previous year. Over the period under review, global production hit record highs in 2021 and is expected to retain growth in the immediate term.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports

In 2021, overseas shipments of oleic, linoleic or linolenic acids, their salts and esters increased by 27% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The global exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids exports surged to $X in 2021. Over the period under review, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Italy (X tons), distantly followed by China (X tons), the Netherlands (X tons), Belgium (X tons), Malaysia (X tons), Indonesia (X tons) and India (X tons) were the main exporters of oleic, linoleic or linolenic acids, their salts and esters, together making up 72% of total exports. The following exporters - the United States (X tons), Taiwan (Chinese) (X tons), France (X tons), Germany (X tons), South Korea (X tons) and the UK (X tons) - together made up 16% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +13.1%), while the other global leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 44% share of global exports. These countries were followed by the Netherlands, the United States, Germany, Malaysia, France, India, Taiwan (Chinese), Indonesia, the UK and South Korea, which together accounted for a further 42%.

Among the main exporting countries, Taiwan (Chinese), with a CAGR of +11.5%, saw 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

In 2021, the average export price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, growing by 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, the export price attained 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, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Indonesia ($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 (+5.3%), while the other global leaders experienced more modest paces of growth.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports

In 2021, purchases abroad of oleic, linoleic or linolenic acids, their salts and esters was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), distantly followed by the Netherlands (X tons), Spain (X tons), France (X tons) and Belgium (X tons) represented the major importers of oleic, linoleic or linolenic acids, their salts and esters, together achieving 47% of total imports. The following importers - China (X tons), South Africa (X tons), Italy (X tons), Japan (X tons), South Korea (X tons), Russia (X tons), the United States (X tons) and Ireland (X tons) - together made up 22% of total imports.

From 2012 to 2021, average annual rates of growth with regard to oleic, linoleic or linolenic acids imports into Germany stood at +4.3%. At the same time, Ireland (+21.6%), China (+12.2%), Japan (+10.2%), South Korea (+10.1%), the United States (+8.3%), Italy (+8.2%), South Africa (+7.6%), the Netherlands (+7.0%), Russia (+6.3%), Belgium (+5.7%) and Spain (+4.0%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in the world, with a CAGR of +21.6% from 2012-2021. By contrast, France (-5.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Germany, the Netherlands, China, Ireland and Japan increased by +5.1, +3.9, +2.6, +1.7 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported oleic, linoleic or linolenic acids, their salts and esters worldwide, comprising 20% of global imports. The second position in the ranking was held by the Netherlands ($X), with a 7.3% share of global imports. It was followed by Spain, with a 5.8% share.

In Germany, oleic, linoleic or linolenic acids imports expanded at an average annual rate of +6.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+2.5% per year) and Spain (+4.3% per year).

Import Prices by Country

The average import price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, surging by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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