Netherlands: Industrial Oleic Acid Market 2024

Industrial Oleic Acid Market Size in the Netherlands

In 2022, after two years of growth, there was decline in the Dutch industrial oleic acid market, when its value decreased by X% to $X. Overall, consumption, however, saw a strong increase. As a result, consumption reached the peak level of $X, and then reduced modestly in the following year.

Industrial Oleic Acid Production in the Netherlands

In value terms, industrial oleic acid production shrank to $X in 2022 estimated in export price. Overall, production faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Industrial Oleic Acid Exports

Exports from the Netherlands

Industrial oleic acid exports from the Netherlands expanded rapidly to X tons in 2022, growing by X% on 2021. Over the period under review, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial oleic acid exports soared to $X in 2022. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of 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

Germany (X tons), Belgium (X tons) and Spain (X tons) were the main destinations of industrial oleic acid exports from the Netherlands, with a combined X% share of total exports. Italy, Malaysia, the UK and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Belgium ($X) appeared to be the largest markets for industrial oleic acid exported from the Netherlands worldwide, together comprising X% of total exports. Italy, the UK, Malaysia and France lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Malaysia, with a CAGR of X.2%, 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 average industrial oleic acid export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price saw a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 France ($X per ton), while the average price for exports to Malaysia ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Oleic Acid Imports

Imports into the Netherlands

In 2022, purchases abroad of industrial oleic acid increased by X% to X tons, rising for the sixth year in a row after three years of decline. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, industrial oleic acid imports soared to $X in 2022. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

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

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

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

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

Import Prices by Country

In 2022, the average industrial oleic acid import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price enjoyed a moderate increase. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and Belgium ($X per ton), while the price for Germany ($X per ton) and Indonesia ($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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