Latin America and the Caribbean: 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 Latin America and the Caribbean

The Latin American market for oleic, linoleic or linolenic acids, their salts and esters rose notably to $X in 2022, picking up by X% against the previous year. The total consumption indicated a notable 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, consumption increased by X% against 2015 indices. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Latin America and the Caribbean

In value terms, oleic, linoleic or linolenic acids production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a tangible increase. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in Latin America and the Caribbean

In 2022, exports of oleic, linoleic or linolenic acids, their salts and esters in Latin America and the Caribbean declined dramatically to X tons, falling by X% against 2021. Overall, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids exports declined sharply to $X in 2022. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Venezuela (X tons) and Colombia (X tons) were the key exporters of oleic, linoleic or linolenic acids, their salts and esters in 2022, finishing at approx. X% and X% of total exports, respectively. It was distantly followed by Brazil (X tons), creating a X% share of total exports. Panama (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Colombia ($X) and Panama ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the export price figures.

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

Imports in Latin America and the Caribbean

In 2022, overseas purchases of oleic, linoleic or linolenic acids, their salts and esters increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports showed a relatively flat trend pattern. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids imports surged to $X in 2022. Overall, imports continue to indicate slight growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil was the major importer of oleic, linoleic or linolenic acids, their salts and esters in Latin America and the Caribbean, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Mexico (X tons) took the second position in the ranking, followed by Colombia (X tons). All these countries together took approx. X% share of total imports. Ecuador (X tons), Peru (X tons), Argentina (X tons), Chile (X tons) and Paraguay (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Ecuador (X%), Peru (X%) and Paraguay (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Argentina and Mexico experienced a relatively flat trend pattern. By contrast, Chile (X%) and Colombia (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total imports, while Chile, Mexico and Colombia 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, Brazil ($X) constitutes the largest market for imported oleic, linoleic or linolenic acids, their salts and esters in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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