EU: Tall Oil Market 2024

Tall Oil Market Size in the EU

The EU tall oil market surged to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tall Oil Production in the EU

In value terms, tall oil production soared to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Tall Oil Exports

Exports in the EU

After three years of growth, overseas shipments of tall oil decreased by X% to X tons in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, tall oil exports expanded markedly to $X in 2022. In general, exports, however, showed perceptible growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, Sweden (X tons) and Finland (X tons) represented the largest exporters of tall oil in the European Union, together recording approx. X% of total exports. Poland (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%) and Spain (X%). The Netherlands (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Finland ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

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

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Tall Oil Imports

Imports in the EU

After three years of growth, overseas purchases of tall oil decreased by X% to X tons in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, tall oil imports surged to $X in 2022. Total imports indicated a tangible increase 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, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Finland was the major importing country with an import of about X tons, which reached X% of total imports. France (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Austria (X%). The following importers - the Netherlands (X tons), Sweden (X tons) and Germany (X tons) - together made up X% of total imports.

Imports into Finland increased at an average annual rate of X% from 2012 to 2022. At the same time, France (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. By contrast, Austria (X%), Germany (X%) and Sweden (X%) illustrated a downward trend over the same period. While the share of Finland (X p.p.) and France (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Austria (X p.p.) and Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X), France ($X) and Austria ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

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

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated tangible 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, tall oil import price increased by X% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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