Eastern Europe: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Eastern Europe

After six years of growth, the East European market for oleic, linoleic or linolenic acids, their salts and esters decreased by X% to $X in 2022. In general, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Eastern Europe

In value terms, oleic, linoleic or linolenic acids production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports in Eastern Europe

In 2022, the amount of oleic, linoleic or linolenic acids, their salts and esters exported in Eastern Europe amounted to X tons, with an increase of X% on the previous year's figure. Total exports indicated pronounced growth 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, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, oleic, linoleic or linolenic acids exports reached $X in 2022. Overall, exports enjoyed strong growth. The growth pace was the most rapid in 2018 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, the Czech Republic (X tons) was the key exporter of oleic, linoleic or linolenic acids, their salts and esters, constituting X% of total exports. It was distantly followed by Poland (X tons), achieving a X% share of total exports. Russia (X tons) and Hungary (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to oleic, linoleic or linolenic acids exports from the Czech Republic stood at X%. At the same time, Hungary (X%) and Russia (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Poland experienced a relatively flat trend pattern. While the share of the Czech Republic (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest oleic, linoleic or linolenic acids supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

In the Czech Republic, oleic, linoleic or linolenic acids exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports in Eastern Europe

In 2022, approx. X tons of oleic, linoleic or linolenic acids, their salts and esters were imported in Eastern Europe; with an increase of X% against 2021. Total imports indicated a temperate increase 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 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids imports soared to $X in 2022. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Russia represented the major importing country with an import of around X tons, which amounted to X% of total imports. Hungary (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Poland (X%) and the Czech Republic (X%). Bulgaria (X tons) held a relatively small share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Hungary (X%), Bulgaria (X%) and Poland (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Hungary, Poland and Bulgaria increased by X, X, X and X percentage points, respectively.

In value terms, the largest oleic, linoleic or linolenic acids importing markets in Eastern Europe were Russia ($X), Hungary ($X) and Poland ($X), with a combined X% share of total imports.

Among the main importing countries, Hungary, with a CAGR of X%, recorded the highest growth rate of 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 Eastern Europe amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Poland ($X per ton) and the Czech Republic ($X per ton), while Bulgaria ($X per ton) and Russia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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