United Kingdom - Industrial Monocarboxylic Fatty Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Industrial Monocarboxylic Fatty Acids in the UK - 2023
Contents:
- Price for Industrial Monocarboxylic Fatty Acids in the UK (CIF) - 2023
- Price for Industrial Monocarboxylic Fatty Acids in the UK (FOB) - 2022
- Imports of Industrial Monocarboxylic Fatty Acids in the UK
- Exports of Industrial Monocarboxylic Fatty Acids in the UK
Price for Industrial Monocarboxylic Fatty Acids in the UK (CIF) - 2023
In August 2023, the average industrial monocarboxylic fatty acids import price amounted to $1,155 per ton, which is down by -11.1% against the previous month. Over the period under review, the import price recorded a perceptible setback. The pace of growth was the most pronounced in March 2023 when the average import price increased by 9.4% against the previous month. The import price peaked at $1,682 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat 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 Germany ($1,856 per ton), while the price for Morocco ($651 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 the Netherlands (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Industrial Monocarboxylic Fatty Acids in the UK (FOB) - 2022
In 2022, the average industrial monocarboxylic fatty acids export price amounted to $1,598 per ton, picking up by 10% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 +106.1% against 2016 indices. The growth pace was the most rapid in 2020 an increase of 39% against the previous year. The export price peaked in 2022 and is likely to see gradual 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 the United States ($2,654 per ton), while the average price for exports to Spain ($1,063 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 the United States (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Industrial Monocarboxylic Fatty Acids in the UK
In 2022, imports of industrial monocarboxylic fatty acids into the UK skyrocketed to 181K tons, jumping by 59% on 2021. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, industrial monocarboxylic fatty acids imports skyrocketed to $267M in 2022. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Industrial Monocarboxylic Fatty Acids in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 17.9 | 30.4 | 61.7 | 65.4 | 54.0% |
| Argentina | 4.1 | 2.8 | 6.5 | 46.1 | 124.0% |
| Indonesia | 18.3 | 20.1 | 13.0 | 39.9 | 29.7% |
| Germany | 12.9 | 16.0 | 23.9 | 36.1 | 40.9% |
| Belgium | 10.5 | 9.0 | 15.0 | 22.4 | 28.7% |
| Morocco | N/A | N/A | 1.1 | 14.8 | 1245.5% |
| Malaysia | 5.4 | 4.9 | 5.2 | 10.4 | 24.4% |
| Spain | 0.6 | 0.2 | 0.8 | 10.1 | 156.3% |
| India | 5.3 | 2.8 | 5.2 | 6.7 | 8.1% |
| Others | 3.3 | 3.2 | 4.4 | 14.7 | 64.5% |
| Total | 78.4 | 89.4 | 137 | 267 | 50.5% |
Top Suppliers of Industrial Monocarboxylic Fatty Acids to the UK in 2022:
- Netherlands (47.4K tons)
- Argentina (35.9K tons)
- Indonesia (28.5K tons)
- Germany (16.4K tons)
- Morocco (15.6K tons)
- Belgium (14.0K tons)
- Spain (6.1K tons)
- Malaysia (4.3K tons)
- India (2.4K tons)
Exports of Industrial Monocarboxylic Fatty Acids in the UK
In 2022, shipments abroad of industrial monocarboxylic fatty acids decreased by -3.3% to 4.7K tons, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 0.7%. As a result, the exports attained the peak of 7K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, industrial monocarboxylic fatty acids exports rose rapidly to $7.5M in 2022. Over the period under review, total exports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -25.6% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 40%. As a result, the exports attained the peak of $10M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Industrial Monocarboxylic Fatty Acids in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4,001 | 4,870 | 1,773 | 2,682 | -12.5% |
| United States | 522 | 212 | 398 | 958 | 22.4% |
| Spain | 578 | 586 | 214 | 608 | 1.7% |
| Sweden | 3.3 | 1.6 | 301 | 378 | 385.7% |
| Malaysia | N/A | N/A | N/A | 359 | 0% |
| Ireland | 306 | 476 | 1,617 | 321 | 1.6% |
| China | N/A | 368 | 206 | 317 | -7.2% |
| Iceland | 226 | 269 | 341 | 258 | 4.5% |
| Germany | 402 | 200 | 49.8 | 168 | -25.2% |
| Belgium | 312 | 436 | 251 | 123 | -26.7% |
| United Arab Emirates | 83.8 | 1,928 | 691 | 14.0 | -44.9% |
| Others | 746 | 675 | 1,148 | 1,270 | 19.4% |
| Total | 7,179 | 10,021 | 6,991 | 7,457 | 1.3% |
Top Export Markets for Industrial Monocarboxylic Fatty Acids from the UK in 2022:
- Netherlands (1772.8 tons)
- Spain (572.0 tons)
- United States (361.2 tons)
- Sweden (346.7 tons)
- Malaysia (281.7 tons)
- Ireland (236.4 tons)
- Iceland (151.9 tons)
- Germany (108.6 tons)
- Belgium (101.8 tons)
- China (94.8 tons)
- United Arab Emirates (3.0 tons)
This report provides an in-depth analysis of the market for industrial monocarboxylic fatty acids in the UK. 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 20143195 - Industrial monocarboxylic fatty acids distilled (excluding stearic, oleic tall oil)
- Prodcom 20143197 - Industrial monocarboxylic fatty acids (excluding stearic, oleic, t all oil, distilled)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
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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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In July 2023, the growth rate of Industrial Monocarboxylic Fatty Acids was the most rapid, experiencing a 44% increase compared to the previous month. Furthermore, the value of imports for these acids significantly rose to $14M in August 2023.
209
The rate of expansion reached its peak in May 2023, with a 34% surge in imports compared to the previous month. The value of industrial fatty alcohols imports dropped dramatically to $7.6M in November 2023.
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Imports of Tall Oil Fatty Acids reached a peak of 28K tons in 2013, but remained lower from 2014 to 2023. In 2023, imports totaled $23M in value.
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The growth rate reached its peak in December 2022, with a significant month-to-month increase of 57%. In terms of value, imports of Tall Oil Fatty Acids decreased to $1.6M in June 2023.
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242
In July 2023, the growth rate of Industrial Monocarboxylic Fatty Acids was the most rapid, experiencing a 44% increase compared to the previous month. Furthermore, the value of imports for these acids significantly rose to $14M in August 2023.
209
The rate of expansion reached its peak in May 2023, with a 34% surge in imports compared to the previous month. The value of industrial fatty alcohols imports dropped dramatically to $7.6M in November 2023.
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Imports of Tall Oil Fatty Acids reached a peak of 28K tons in 2013, but remained lower from 2014 to 2023. In 2023, imports totaled $23M in value.
241
The growth rate reached its peak in December 2022, with a significant month-to-month increase of 57%. In terms of value, imports of Tall Oil Fatty Acids decreased to $1.6M in June 2023.
