United Kingdom - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndustrial Oleic Acid Price in the UK - 2023
Contents:
- Industrial Oleic Acid Price in the UK (CIF) - 2023
- Industrial Oleic Acid Price in the UK (FOB) - 2022
- Industrial Oleic Acid Imports in the UK
- Industrial Oleic Acid Exports in the UK
Industrial Oleic Acid Price in the UK (CIF) - 2023
In June 2023, the average industrial oleic acid import price amounted to $1,891 per ton, dropping by -7.5% against the previous month. In general, the import price showed a deep reduction. The growth pace was the most rapid in December 2022 an increase of 10% m-o-m. The import price peaked at $4,248 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were Belgium ($2,438 per ton) and Germany ($2,180 per ton), while the price for Indonesia ($1,769 per ton) and Malaysia ($1,871 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (-1.8%), while the prices for the other major suppliers experienced a decline.
Industrial Oleic Acid Price in the UK (FOB) - 2022
The average industrial oleic acid export price stood at $2,596 per ton in 2022, reducing by -10.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 58%. As a result, the export price attained the peak level of $4,254 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($6,554 per ton), while the average price for exports to the Netherlands ($1,170 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+43.0%), while the prices for the other major destinations experienced more modest paces of growth.
Industrial Oleic Acid Imports in the UK
In 2022, after three years of growth, there was significant decline in purchases abroad of industrial oleic acid, when their volume decreased by -11.2% to 3.3K tons. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. As a result, imports reached the peak of 3.7K tons, and then dropped in the following year.
In value terms, industrial oleic acid imports fell rapidly to $5.3M in 2022. Overall, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 113% against the previous year. As a result, imports reached the peak of $7.3M, and then reduced markedly in the following year.
| Import of Industrial Oleic Acid in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 814 | 1,108 | 3,126 | 2,334 | 42.1% |
| Belgium | 1,448 | 1,046 | 2,436 | 1,819 | 7.9% |
| Malaysia | 271 | 507 | 781 | 583 | 29.1% |
| Netherlands | 404 | 588 | 312 | 320 | -7.5% |
| Italy | 107 | 77.4 | 258 | 193 | 21.7% |
| Indonesia | 230 | 46.2 | 69.2 | 84.6 | -28.4% |
| Others | 154 | 30.1 | 280 | 0.9 | -82.0% |
| Total | 3,427 | 3,404 | 7,263 | 5,334 | 15.9% |
Top Suppliers of Industrial Oleic Acid to the UK in 2022:
- Germany (1402.2 tons)
- Belgium (1085.0 tons)
- Malaysia (356.8 tons)
- Netherlands (254.0 tons)
- Italy (111.9 tons)
- Indonesia (63.6 tons)
Industrial Oleic Acid Exports in the UK
In 2022, the amount of industrial oleic acid exported from the UK skyrocketed to 103 tons, with an increase of 40% against 2021 figures. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 165% against the previous year. As a result, the exports reached the peak of 114 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, industrial oleic acid exports skyrocketed to $267K in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 204%. As a result, the exports attained the peak of $321K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Industrial Oleic Acid in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 11.7 | 95.6 | 56.4 | 95.4 | 101.3% |
| China | 13.3 | 60.6 | 11.8 | 39.9 | 44.2% |
| Belgium | 6.8 | 39.1 | 21.1 | 35.6 | 73.6% |
| France | 13.3 | 18.8 | 0.1 | 21.0 | 16.4% |
| Russia | 11.2 | 12.2 | 4.6 | 19.1 | 19.5% |
| Spain | 13.0 | 0.5 | 3.0 | 16.8 | 8.9% |
| Hungary | 2.2 | 6.8 | 8.0 | 13.5 | 83.1% |
| Italy | 3.3 | 6.3 | 4.6 | 8.2 | 35.4% |
| United States | 12.0 | 25.6 | N/A | N/A | 113.3% |
| Others | 19.2 | 55.8 | 103 | 17.1 | -3.8% |
| Total | 106 | 321 | 212 | 267 | 36.1% |
Top Export Markets for Industrial Oleic Acid from the UK in 2022:
- Malaysia (30.8 tons)
- Belgium (19.7 tons)
- China (16.3 tons)
- Spain (12.1 tons)
- Russia (6.5 tons)
- Italy (3.9 tons)
- Hungary (3.6 tons)
- France (3.2 tons)
This report provides an in-depth analysis of the industrial oleic acid market in the UK. 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 20143130 - Industrial oleic acid
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The rate of expansion reached its peak in May 2023, with a 34% surge in imports compared to the previous month. The value of industrial fatty alcohols imports dropped dramatically to $7.6M in November 2023.
192
The growth rate reached its peak in December 2022, with a significant month-to-month increase of 57%. In terms of value, imports of Tall Oil Fatty Acids decreased to $1.6M in June 2023.
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In July 2023, the growth rate of Industrial Monocarboxylic Fatty Acids was the most rapid, experiencing a 44% increase compared to the previous month. Furthermore, the value of imports for these acids significantly rose to $14M in August 2023.
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The rate of expansion reached its peak in May 2023, with a 34% surge in imports compared to the previous month. The value of industrial fatty alcohols imports dropped dramatically to $7.6M in November 2023.
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The growth rate reached its peak in December 2022, with a significant month-to-month increase of 57%. In terms of value, imports of Tall Oil Fatty Acids decreased to $1.6M in June 2023.
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In July 2023, the growth rate of Industrial Monocarboxylic Fatty Acids was the most rapid, experiencing a 44% increase compared to the previous month. Furthermore, the value of imports for these acids significantly rose to $14M in August 2023.
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