Czech Republic: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in the Czech Republic

In 2022, the Czech tall oil fatty acids market increased by X% to $X, rising for the fourth consecutive year after four years of decline. Over the period under review, consumption continues to indicate a temperate expansion. Tall oil fatty acids consumption peaked in 2022 and is likely to continue growth in the immediate term.

Exports of Industrial Tall Oil Fatty Acids

Exports from the Czech Republic

In 2022, overseas shipments of industrial tall oil fatty acids decreased by X% to X tons, falling for the sixth year in a row after two years of growth. Overall, exports showed a significant curtailment. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, tall oil fatty acids exports reduced remarkably to $X in 2022. Over the period under review, exports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for tall oil fatty acids exports from the Czech Republic, accounting for a X% share of total exports. It was followed by Slovakia (X kg), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to the UK stood at X%.

In value terms, Slovakia ($X) emerged as the key foreign market for industrial tall oil fatty acids exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Slovakia totaled X%.

Export Prices by Country

In 2022, the average tall oil fatty acids export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price saw a significant contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to the UK amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced a decline.

Imports of Industrial Tall Oil Fatty Acids

Imports into the Czech Republic

In 2022, overseas purchases of industrial tall oil fatty acids increased by X% to X tons, rising for the fourth year in a row after four years of decline. In general, total imports indicated a slight expansion from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, tall oil fatty acids imports surged to $X in 2022. Overall, imports recorded a temperate increase. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Finland (X tons) was the main supplier of tall oil fatty acids to the Czech Republic, with a X% share of total imports. Moreover, tall oil fatty acids imports from Finland exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Finland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Austria (X% per year).

In value terms, Finland ($X) constituted the largest supplier of industrial tall oil fatty acids to the Czech Republic, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Finland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Austria (X% per year).

Import Prices by Country

In 2022, the average tall oil fatty acids import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, import price indicated a noticeable 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, tall oil fatty acids import price increased by X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Austria ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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