Puerto Rico: 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 Puerto Rico

The Puerto Rican market for oleic, linoleic or linolenic acids, their salts and esters was estimated at less than $X in 2021, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern.

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

Exports from Puerto Rico

Oleic, linoleic or linolenic acids exports from Puerto Rico stood at less than X kg in 2021, flattening at the previous year. Overall, exports continue to indicate a relatively flat trend pattern.

In value terms, oleic, linoleic or linolenic acids exports totaled less than $X in 2021. In general, exports showed a relatively flat trend pattern.

Exports by Country

In 2021, Italy (X tons), distantly followed by China (X tons), the Netherlands (X tons), Belgium (X tons), Malaysia (X tons), Indonesia (X tons) and India (X tons) were the largest exporters of oleic, linoleic or linolenic acids, their salts and esters, together generating 72% of total exports. The following exporters - the United States (X tons), Taiwan (Chinese) (X tons), France (X tons), Germany (X tons), South Korea (X tons) and the UK (X tons) - together made up 16% of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +13.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest oleic, linoleic or linolenic acids supplying countries from Puerto Rico were Italy ($X), China ($X) and Belgium ($X), together comprising 44% of total exports. These countries were followed by the Netherlands, the United States, Germany, Malaysia, France, India, Taiwan (Chinese), Indonesia, the UK and South Korea, which together accounted for a further 42%.

In terms of the main exporting countries, Taiwan (Chinese), with a CAGR of +11.5%, 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

The export price in Puerto Rico stood at less than $X per ton in 2021, almost unchanged from the previous year. In general, the export price recorded a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), while the other leaders experienced more modest paces of growth.

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

Imports into Puerto Rico

In 2021, approx. less than X kg of oleic, linoleic or linolenic acids, their salts and esters were imported into Puerto Rico; therefore, remained relatively stable against 2020 figures. Overall, imports showed a relatively flat trend pattern.

In value terms, oleic, linoleic or linolenic acids imports amounted to less than $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, Germany (X tons), distantly followed by the Netherlands (X tons), Spain (X tons), France (X tons) and Belgium (X tons) were the main importers of oleic, linoleic or linolenic acids, their salts and esters, together mixing up 47% of total imports. China (X tons), South Africa (X tons), Italy (X tons), Japan (X tons), South Korea (X tons), Russia (X tons), the United States (X tons) and Ireland (X tons) took a relatively small share of total imports.

Imports into Germany increased at an average annual rate of +4.3% from 2012 to 2021. At the same time, Ireland (+21.6%), China (+12.2%), Japan (+10.2%), South Korea (+10.1%), the United States (+8.3%), Italy (+8.2%), South Africa (+7.6%), the Netherlands (+7.0%), Russia (+6.3%), Belgium (+5.7%) and Spain (+4.0%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in the world, with a CAGR of +21.6% from 2012-2021. By contrast, France (-5.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Germany, the Netherlands, China, Ireland and Japan increased by +5.1, +3.9, +2.6, +1.7 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported oleic, linoleic or linolenic acids, their salts and esters into Puerto Rico, comprising 20% of global imports. The second position in the ranking was held by the Netherlands ($X), with a 7.3% share of global imports. It was followed by Spain, with a 5.8% share.

In Germany, oleic, linoleic or linolenic acids imports increased at an average annual rate of +6.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+2.5% per year) and Spain (+4.3% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, remaining stable against the previous year. Overall, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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