Overview of the Global Market for Industrial Monocarboxylic Fatty Acids

Market Size for Industrial Monocarboxylic Fatty Acids

For the third consecutive year, the global industrial monocarboxylic fatty acids market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Industrial Monocarboxylic Fatty Acids

In value terms, industrial monocarboxylic fatty acids production stood at $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Global production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Industrial Monocarboxylic Fatty Acids

Exports

In 2022, approx. X tons of industrial monocarboxylic fatty acids were exported worldwide; surging by X% compared with 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. The global exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids exports skyrocketed to $X in 2022. Overall, exports saw a strong increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Indonesia represented the main exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Malaysia (X tons) and the Netherlands (X tons), together creating a X% share of total exports. The following exporters - Argentina (X tons), Belgium (X tons), India (X tons) and Germany (X tons) - together made up X% of total exports.

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

In value terms, Indonesia ($X) remains the largest industrial monocarboxylic fatty acids supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of global exports. It was followed by the Netherlands, with a X% share.

In Indonesia, industrial monocarboxylic fatty acids exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average industrial monocarboxylic fatty acids export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price 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, industrial monocarboxylic fatty acids export price increased by X% against 2019 indices. 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 see gradual growth in the immediate term.

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 Belgium ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Imports of Industrial Monocarboxylic Fatty Acids

Imports

In 2022, approx. X tons of industrial monocarboxylic fatty acids were imported worldwide; increasing by X% against the previous year's figure. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume 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, imports increased by X% against 2014 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, industrial monocarboxylic fatty acids imports skyrocketed to $X in 2022. In general, imports recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons) and the Netherlands (X tons) represented the key importers of industrial monocarboxylic fatty acids in 2022, resulting at approx. X% and X% of total imports, respectively. Italy (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%), India (X%) and South Korea (X%). The following importers - the United States (X tons), Germany (X tons), Sweden (X tons), Spain (X tons), Singapore (X tons), the UK (X tons) and Chile (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Chile (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of global imports. Italy, India, the United States, Germany, South Korea, Spain, Sweden, Singapore, the UK and Chile lagged somewhat behind, together accounting for a further X%.

Chile, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price 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, industrial monocarboxylic fatty acids import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Global import price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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