Palmitic Acid Market

Palmitic acid market: download the most recent information empowered by an Ai-driven market intelligence platform. Data provide market prices, trade, consumption, companies, exports, production, market size, and imports. There is a breakdown by country, including Africa, Russia, the U.K., EU, China, the U.S., Latin America, and the Middle East. Market insights and outlook to 2030 are also provided in the snapshots.


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Palmitic Acid - World's Largest Markets

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

In value terms, the United States, China and Japan constituted the countries with the highest levels of market value in 2020, together accounting for 50% of the global market. India, Brazil, Pakistan, Germany, Mexico, Taiwan (Chinese), Nigeria, Indonesia, Canada and Turkey lagged somewhat behind, together accounting for a further 27%.

Among the main consuming countries, Nigeria (+192.8% per year) saw the highest growth rate of market size, over the period under review, while market of palmitic acid, stearic acid, their salts and esters for the other global leaders experienced more modest paces of growth.

Palmitic Acid, Stearic Acid, Their Salts And Esters Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Indonesia991895834-8.3%
Malaysia127411221030-10.1%
Turkey178216021580-5.8%
Italy161815021595-0.7%
India171418971622-2.7%
Netherlands173816661682-1.6%
Spain186716791831-1.0%
Belgium1629157718998.0%
Singapore1729168519285.6%
Germany1926180719510.6%
United States504343284280-7.9%
Average156814901407-5.3%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($4,280 per ton), while Indonesia ($834 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.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
India203718331815-5.6%
Germany187817971765-3.1%
France198217381749-6.1%
Canada1589170316281.2%
Saudi Arabia169315871536-4.7%
United States178816821527-7.6%
Spain178713491369-12.5%
Japan154112661300-8.2%
China156615931280-9.6%
Malaysia123310231006-9.7%
South Africa897870886-0.6%
Nigeria877882875-0.1%
Ethiopia7825858121.9%
Average157614851425-4.9%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was India ($1,815 per ton), while Ethiopia ($812 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Ethiopia, while the other global leaders experienced mixed trends in the import price figures.

Palmitic Acid, Stearic Acid, Their Salts and Esters - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
United States9179994.6%
Nigeria6.34.954192.7%
Saudi Arabia464244-2.2%
Germany463638-9.0%
Japan403635-6.5%

In value terms, the United States ($99M), Nigeria ($54M) and Saudi Arabia ($45M) constituted the countries with the highest levels of imports in 2020, with a combined 22% share of global imports.

Nigeria (+192.7% per year) saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Palmitic Acid, Stearic Acid, Their Salts and Esters - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Malaysia254222164-19.6%
India1331631350.8%
Indonesia129991341.9%
Singapore7172827.1%
Italy6962700.5%

In value terms, Malaysia ($164M), India ($135M) and Indonesia ($134M) appeared to be the countries with the highest levels of exports in 2020, together accounting for 50% of global exports. These countries were followed by Singapore, Italy, the United States, Germany, Spain, Belgium, the Netherlands and Turkey, which together accounted for a further 37%.

The Netherlands saw the highest rates of growth with regard to 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.

Palmitic Acid, Stearic Acid, Their Salts and Esters - Market Forecast

Driven by rising demand for palmitic acid, stearic acid, their salts and esters worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, 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.

Palmitic Acid - Product Coverage

  • HS 291570 - Acids; saturated acyclic monocarboxylic acids; palmitic acid, stearic acid, their salts and esters
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World - Palmitic Acid, Stearic Acid, Their Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global market for palmitic acid, stearic acid, their salts and esters.

Latin America and the Caribbean - Palmitic Acid, Stearic Acid, Their Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Latin America and the Caribbean.

Eastern Asia - Palmitic Acid, Stearic Acid, Their Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Eastern Asia.

Australia and Oceania - Palmitic Acid, Stearic Acid, Their Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Australia and Oceania.

Middle East - Palmitic Acid, Stearic Acid, Their Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in the Middle East.

Africa - Palmitic Acid, Stearic Acid, Their Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Africa.

South-Eastern Asia - Palmitic Acid, Stearic Acid, Their Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in South-Eastern Asia.

Northern America - Palmitic Acid, Stearic Acid, Their Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Northern America.

Southern Asia - Palmitic Acid, Stearic Acid, Their Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Southern Asia.

Central Asia - Palmitic Acid, Stearic Acid, Their Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Central Asia.

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