China: Industrial Oleic Acid Market 2024

Industrial Oleic Acid Market Size in China

The Chinese industrial oleic acid market stood at $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2022: its value 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, consumption increased by X% against 2012 indices. Industrial oleic acid consumption peaked in 2022 and is likely to see gradual growth in years to come.

Industrial Oleic Acid Production in China

In value terms, industrial oleic acid production reduced slightly 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 in certain years. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Industrial Oleic Acid Exports

Exports from China

Industrial oleic acid exports from China totaled X tons in 2022, picking up by X% against the previous year. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 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.

In value terms, industrial oleic acid exports skyrocketed to $X in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for industrial oleic acid exports from China, with a X% share of total exports. Moreover, industrial oleic acid exports to Japan exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. Mongolia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Mongolia (X% per year).

In value terms, Japan ($X) remains the key foreign market for industrial oleic acid exports from China, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Singapore (X% per year).

Export Prices by Country

The average industrial oleic acid export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Mongolia ($X 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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Oleic Acid Imports

Imports into China

In 2022, approx. X tons of industrial oleic acid were imported into China; increasing by X% against the year before. Overall, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial oleic acid imports skyrocketed to $X in 2022. In general, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of industrial oleic acid to China, accounting for a X% share of total imports. Moreover, industrial oleic acid imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Japan (X% per year).

In value terms, Indonesia ($X), Malaysia ($X) and Japan ($X) were the largest industrial oleic acid suppliers to China, together accounting for X% of total imports.

In terms of the main suppliers, Indonesia, 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 average industrial oleic acid import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :