Industrial Oleic Acid Market

Industrial oleic acid market: get access to recently published facts and figures empowered by an Ai-driven market research platform. Statistics cover consumption, market prices, trade, companies, production, exports, market size, and imports. There is a breakdown by region, including Africa, the U.K., China, EU, Latin America, Russia, the Middle East, and the U.S. Market trends and forecast to 2030 are also provided in the reports.


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Industrial Oleic Acid - World's Largest Markets

RatingCountry
1China
2United States
3Japan
4India
5United Kingdom

In value terms, China, the United States and Japan constituted the countries with the highest levels of market value in 2020, together comprising 39% of the global market. These countries were followed by India, the UK, Russia, Brazil, Indonesia, Spain, Ethiopia, Malaysia, Italy and South Korea, which together accounted for a further 32%.

In terms of the main consuming countries, Malaysia saw the highest rates of growth with regard to market size, over the period under review, while industrial oleic acid market for the other global leaders experienced more modest paces of growth.

Industrial Oleic Acid Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Argentina1096873671-21.8%
Indonesia8567478891.9%
Malaysia1149809984-7.5%
Belgium122310171131-3.8%
Netherlands124210451183-2.4%
Germany139112061329-2.3%
Average11129041023-4.1%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($1,329 per ton), while Argentina ($671 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Sweden180314061486-9.2%
France123110041120-4.6%
Malaysia187915411091-23.8%
Belgium100388310723.4%
Japan11359691051-3.8%
Netherlands10528641017-1.7%
Italy11469321004-6.4%
South Korea9788229810.2%
China1045852977-3.3%
United States1125993946-8.3%
India9238049330.5%
Chile664596474-15.5%
Average11539841054-4.4%

Prices varied noticeably by the country of destination; the country with the highest price was Sweden ($1,486 per ton), while Chile ($474 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.

Industrial Oleic Acid - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
China26304633.4%
Netherlands2925359.5%
Japan353031-6.5%
South Korea262225-1.7%
Sweden2215231.9%

In value terms, China ($46M), the Netherlands ($35M) and Japan ($31M) appeared to be the countries with the highest levels of imports in 2020, with a combined 32% share of global imports. South Korea, Sweden, France, Malaysia, India, Italy, Belgium, the United States and Chile lagged somewhat behind, together comprising a further 47%.

Chile (+192.9% per year) saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Industrial Oleic Acid - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Malaysia117109109-3.4%
Indonesia6867829.8%
Belgium423739-3.4%
Netherlands3130321.9%
Germany20212615.3%

In value terms, the largest industrial oleic acid supplying countries worldwide were Malaysia ($109M), Indonesia ($82M) and Belgium ($39M), together comprising 68% of global exports. These countries were followed by the Netherlands, Germany and Argentina, which together accounted for a further 21%.

In terms of the main exporting countries, Argentina 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.

Industrial Oleic Acid - Market Forecast

Driven by increasing demand for industrial oleic acid worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Industrial Oleic Acid - Product Coverage

  • HS 382312 - Industrial monocarboxylic fatty acids, acid oils from refining; oleic acid
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World - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global industrial oleic acid market.

Latin America and the Caribbean - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the industrial oleic acid market in Latin America and the Caribbean.

Central Asia - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the industrial oleic acid market in Central Asia.

Eastern Asia - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the industrial oleic acid market in Eastern Asia.

Australia and Oceania - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the industrial oleic acid market in Australia and Oceania.

Middle East - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the industrial oleic acid market in the Middle East.

Northern America - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the industrial oleic acid market in Northern America.

South-Eastern Asia - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the industrial oleic acid market in South-Eastern Asia.

Africa - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the industrial oleic acid market in Africa.

Southern Asia - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the industrial oleic acid market in Southern Asia.

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