Europe: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Europe

In 2022, the Europe tall oil fatty acids market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a pronounced descent. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Industrial Tall Oil Fatty Acids in Europe

In value terms, tall oil fatty acids production rose significantly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Industrial Tall Oil Fatty Acids

Exports in Europe

In 2022, after three years of growth, there was decline in shipments abroad of industrial tall oil fatty acids, when their volume decreased by X% to X tons. Overall, exports showed a mild curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tall oil fatty acids exports surged to $X in 2022. In general, exports, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Sweden (X tons), the Netherlands (X tons), Finland (X tons) and France (X tons) was the key exporter of industrial tall oil fatty acids in Europe, creating X% of total export. The following exporters - Austria (X tons) and Spain (X tons) - each finished at a X% 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 Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) remains the largest tall oil fatty acids supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Finland totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2020 an increase of X%. 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 Finland ($X per ton), while France ($X per ton) was amongst the lowest.

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

Imports of Industrial Tall Oil Fatty Acids

Imports in Europe

In 2022, overseas purchases of industrial tall oil fatty acids increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, showed a mild descent. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tall oil fatty acids imports skyrocketed to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) was the key importer of industrial tall oil fatty acids, mixing up X% of total imports. The UK (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%), Germany (X%), Sweden (X%), Belgium (X%), Spain (X%) and France (X%). Poland (X tons), Russia (X tons), Austria (X tons) and Finland (X tons) held a relatively small share of total imports.

Imports into the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Sweden (X%), Finland (X%), Spain (X%), Italy (X%) and Austria (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. By contrast, Germany (X%), Poland (X%), Russia (X%), Belgium (X%), the UK (X%) and France (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), Sweden (X p.p.), Italy (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total imports, while Belgium, the UK and France saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported industrial tall oil fatty acids in Europe, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: the UK (X% per year) and Germany (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated a slight increase 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 2017 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while the Netherlands ($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 UK (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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