Asia-Pacific: Industrial Oleic Acid Market 2024

Industrial Oleic Acid Market Size in Asia-Pacific

The Asia-Pacific industrial oleic acid market reached $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Industrial Oleic Acid Production in Asia-Pacific

In value terms, industrial oleic acid production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Industrial Oleic Acid Exports

Exports in Asia-Pacific

In 2022, approx. X tons of industrial oleic acid were exported in Asia-Pacific; picking up by X% on the previous year. Over the period under review, exports showed a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, industrial oleic acid exports reached $X in 2022. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Indonesia (X tons) and Malaysia (X tons) dominates exports structure, together committing X% of total exports. The following exporters - India (X tons) and China (X tons) - each recorded a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial oleic acid supplying countries in Asia-Pacific were Indonesia ($X), Malaysia ($X) and India ($X), with a combined X% share of total exports. These countries were followed by China, which accounted for a further X%.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial oleic acid export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Industrial Oleic Acid Imports

Imports in Asia-Pacific

Industrial oleic acid imports expanded notably to X tons in 2022, growing by X% against the previous year's figure. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, industrial oleic acid imports surged to $X in 2022. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons), distantly followed by Japan (X tons), India (X tons), South Korea (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) were the largest importers of industrial oleic acid, together creating X% of total imports. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial oleic acid importing markets in Asia-Pacific were China ($X), Japan ($X) and South Korea ($X), together accounting for X% of total imports. India, Malaysia, Taiwan (Chinese) and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial oleic acid import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per ton) and Thailand ($X per ton), while Malaysia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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