U.S. - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndustrial Oleic Acid Price in the United States - 2023
Contents:
- Industrial Oleic Acid Price in the United States (CIF) - 2023
- Industrial Oleic Acid Price in the United States (FOB) - 2023
- Industrial Oleic Acid Imports in the United States
- Industrial Oleic Acid Exports in the United States
Industrial Oleic Acid Price in the United States (CIF) - 2023
In August 2023, the average industrial oleic acid import price amounted to $1,068 per ton, falling by -20.3% against the previous month. Overall, the import price showed a noticeable decline. The most prominent rate of growth was recorded in July 2023 an increase of 13% against the previous month. The import price peaked at $1,864 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was China ($1,600 per ton), while the price for Indonesia ($1,015 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Industrial Oleic Acid Price in the United States (FOB) - 2023
The average industrial oleic acid export price stood at $2,575 per ton in August 2023, which is down by -5.2% against the previous month. Overall, the export price continues to indicate a slight decrease. The growth pace was the most rapid in June 2023 an increase of 17% m-o-m. Over the period under review, the average export prices attained the maximum at $3,261 per ton in September 2022; however, from October 2022 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Guyana ($3,203 per ton), while the average price for exports to Japan ($1,840 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+0.2%), while the prices for the other major destinations experienced more modest paces of growth.
Industrial Oleic Acid Imports in the United States
In 2022, after three years of growth, there was decline in overseas purchases of industrial oleic acid, when their volume decreased by -1.3% to 12K tons. The total import volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 28% against the previous year.
In value terms, industrial oleic acid imports declined rapidly to $16M in 2022. Over the period under review, imports, however, saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of 68% against the previous year. As a result, imports attained the peak of $20M, and then contracted significantly in the following year.
Import of Industrial Oleic Acid in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 2.2 | 5.0 | 14.2 | 12.3 | 77.5% |
Malaysia | 6.3 | 6.4 | 4.3 | 2.3 | -28.5% |
Mexico | N/A | N/A | 0.6 | 0.7 | 16.7% |
Italy | 0.5 | 0.4 | 0.7 | 0.4 | -7.2% |
Others | 0.3 | 0.1 | 0.2 | 0.2 | -12.6% |
Total | 9.4 | 11.9 | 19.9 | 15.9 | 19.1% |
Top Suppliers of Industrial Oleic Acid to the United States in 2022:
- Indonesia (9.2K tons)
- Malaysia (1.7K tons)
- Mexico (0.7K tons)
- Italy (0.4K tons)
Industrial Oleic Acid Exports in the United States
In 2022, approx. 7.4K tons of industrial oleic acid were exported from the United States; which is down by -17.7% compared with 2021. In general, exports showed a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. As a result, the exports attained the peak of 8.9K tons, and then shrank dramatically in the following year.
In value terms, industrial oleic acid exports dropped sharply to $13M in 2022. Overall, exports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2021 with an increase of 104%. As a result, the exports attained the peak of $17M, and then fell markedly in the following year.
Export of Industrial Oleic Acid in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 2.9 | 2.1 | 4.4 | 5.3 | 22.3% |
Canada | 1.9 | 1.6 | 3.0 | 2.8 | 13.8% |
Japan | 3.2 | 2.3 | 6.6 | 2.8 | -4.4% |
South Korea | 1.2 | 0.6 | 0.7 | 0.5 | -25.3% |
Others | 2.1 | 1.7 | 2.2 | 1.2 | -17.0% |
Total | 11.4 | 8.3 | 16.9 | 12.6 | 3.4% |
Top Export Markets for Industrial Oleic Acid from the United States in 2022:
- Mexico (3.0K tons)
- Canada (1.8K tons)
- Japan (1.7K tons)
- South Korea (0.3K tons)
This report provides an in-depth analysis of the industrial oleic acid market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143130 - Industrial oleic acid
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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