France: Industrial Oleic Acid Market 2024

Industrial Oleic Acid Market Size in France

The French industrial oleic acid market amounted to $X in 2022, growing by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Industrial Oleic Acid Production in France

In value terms, industrial oleic acid production declined slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

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Industrial Oleic Acid Exports

Exports from France

In 2022, overseas shipments of industrial oleic acid increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, industrial oleic acid exports expanded sharply to $X in 2022. Over the period under review, exports recorded a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Belgium (X tons) was the main destination for industrial oleic acid exports from France, accounting for a X% share of total exports. Moreover, industrial oleic acid exports to Belgium exceeded the volume sent to the second major destination, Switzerland (X tons), fourfold. The third position in this ranking was held by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Spain (X% per year).

In value terms, the largest markets for industrial oleic acid exported from France were Belgium ($X), Switzerland ($X) and Spain ($X), together accounting for X% of total exports. Italy, Romania and the United States lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial oleic acid export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Oleic Acid Imports

Imports into France

In 2022, approx. X tons of industrial oleic acid were imported into France; increasing by X% on 2021. In general, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

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

Imports by Country

In 2022, Belgium (X tons) constituted the largest industrial oleic acid supplier to France, with a X% share of total imports. Moreover, industrial oleic acid imports from Belgium exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), tenfold. Italy (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Belgium ($X) constituted the largest supplier of industrial oleic acid to France, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

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

Import Prices by Country

In 2022, the average industrial oleic acid import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price showed moderate growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Spain ($X per ton), while the price for Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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