Report Update: May 1, 2024

Indonesia - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends And Insights

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Industrial Oleic Acid Price in Indonesia - 2022

Industrial Oleic Acid Price in Indonesia (FOB) - 2022

The average industrial oleic acid export price stood at $2,099 per ton in March 2022, growing by 4.5% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +3.8%. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 16% m-o-m. Over the period under review, the average export prices reached the maximum in March 2022.

Average prices varied somewhat for the major export markets. In March 2022, the countries with the highest prices were the Netherlands ($2,296 per ton) and South Korea ($2,143 per ton), while the average price for exports to the United States ($1,552 per ton) and Malaysia ($1,902 per ton) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Oleic Acid Price in Indonesia (CIF) - 2022

The average industrial oleic acid import price stood at $1,196 per ton in 2022, with a decrease of -9.4% against the previous year. In general, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 26%. The import price peaked at $2,051 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($1,668 per ton), while the price for India ($1,068 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+15.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Industrial Oleic Acid Exports in Indonesia

In 2022, shipments abroad of industrial oleic acid decreased by -21.1% to 100K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 39% against the previous year. As a result, the exports attained the peak of 127K tons, and then contracted notably in the following year.

In value terms, industrial oleic acid exports shrank remarkably to $127M in 2022. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 111%. As a result, the exports attained the peak of $172M, and then declined significantly in the following year.

Export of Industrial Oleic Acid in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	13.2	13.3	50.5	37.0	41.0%
China	16.1	21.4	34.8	25.5	16.6%
Japan	5.7	10.6	24.2	17.7	45.9%
United States	1.7	5.2	12.8	9.4	76.8%
South Korea	3.2	4.6	11.1	8.1	36.3%
India	7.6	6.8	7.9	5.8	-8.6%
Belgium	6.7	6.1	5.1	4.3	-13.7%
Others	12.9	13.7	25.7	19.0	13.8%
Total	67.0	81.6	172	127	23.8%

Top Export Markets for Industrial Oleic Acid from Indonesia in 2022:

Netherlands (25.9K tons)
China (19.9K tons)
Japan (12.9K tons)
United States (7.0K tons)
India (6.8K tons)
South Korea (6.4K tons)
Belgium (5.7K tons)

Industrial Oleic Acid Imports in Indonesia

After three years of growth, overseas purchases of industrial oleic acid decreased by -8.5% to 1.4K tons in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year.

In value terms, industrial oleic acid imports dropped dramatically to $1.7M in 2022. Over the period under review, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 52%. As a result, imports reached the peak of $2M, and then reduced notably in the following year.

Import of Industrial Oleic Acid in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	301	680	1,071	879	42.9%
Malaysia	378	484	728	597	16.5%
Singapore	73.5	84.2	139	114	15.8%
South Korea	115	23.0	29.0	45.1	-26.8%
Others	116	63.9	60.4	45.5	-26.8%
Total	984	1,335	2,027	1,681	19.5%

Top Suppliers of Industrial Oleic Acid to Indonesia in 2022:

India (823.2 tons)
Malaysia (469.8 tons)
Singapore (68.5 tons)
South Korea (29.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the industrial oleic acid market in Indonesia. 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:

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023