Spain: Industrial Oleic Acid Market 2024

Industrial Oleic Acid Market Size in Spain

In 2022, the Spanish industrial oleic acid market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Industrial oleic acid consumption peaked in 2022 and is likely to continue growth in years to come.

Industrial Oleic Acid Production in Spain

In value terms, industrial oleic acid production surged to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level in 2022 and is likely to continue growth in the near future.

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Industrial Oleic Acid Exports

Exports from Spain

In 2022, overseas shipments of industrial oleic acid decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial oleic acid exports surged to $X in 2022. In general, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Italy (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of industrial oleic acid exports from Spain, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial oleic acid exported from Spain were Italy ($X), France ($X) and the Netherlands ($X), with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average industrial oleic acid export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price saw a strong increase. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Portugal ($X per ton) and France ($X per ton), while the average price for exports to Italy ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Oleic Acid Imports

Imports into Spain

In 2022, approx. X tons of industrial oleic acid were imported into Spain; which is down by X% against the previous year's figure. Over the period under review, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial oleic acid imports soared to $X in 2022. Overall, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest industrial oleic acid supplier to Spain, accounting for a X% share of total imports. Moreover, industrial oleic acid imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. The third position in this ranking was taken by Italy (X tons), with an X% share.

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

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

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

Import Prices by Country

The average industrial oleic acid import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price saw a noticeable expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Malaysia ($X per ton) was 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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