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

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Industrial Oleic Acid Price in Canada - 2023

Industrial Oleic Acid Price in Canada (CIF) - 2023

The average industrial oleic acid import price stood at $2,377 per ton in June 2023, jumping by 22% against the previous month. Over the period under review, import price indicated a slight increase from June 2022 to June 2023: its price increased at an average monthly rate of +1.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, industrial oleic acid import price increased by +23.6% against April 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 29% m-o-m. Over the period under review, average import prices hit record highs at $3,132 per ton in September 2022; however, from October 2022 to June 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,384 per ton), while the price for Malaysia totaled $1,484 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Industrial Oleic Acid Price in Canada (FOB) - 2022

The average industrial oleic acid export price stood at $1,920 per ton in 2022, with an increase of 2.2% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 88% against the previous year. As a result, the export price attained the peak level of $3,958 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($18,301 per ton), while the average price for exports to France ($271 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 Jordan (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Oleic Acid Imports in Canada

Industrial oleic acid imports into Canada declined to 1.4K tons in 2022, with a decrease of -13.1% on 2021 figures. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of 1.6K tons, and then declined in the following year.

In value terms, industrial oleic acid imports dropped notably to $2.5M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +5.3% 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 +30.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. As a result, imports reached the peak of $3.1M, and then fell dramatically in the following year.

Import of Industrial Oleic Acid in Canada (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1,633	1,589	2,572	2,160	9.8%
Germany	125	69.5	1.1	100	-7.2%
Malaysia	101	85.3	102	85.6	-5.4%
Indonesia	92.2	83.3	93.8	78.8	-5.1%
France	35.4	39.2	35.3	29.5	-5.9%
Others	136	38.1	254	27.1	-41.6%
Total	2,122	1,905	3,058	2,481	5.3%

Top Suppliers of Industrial Oleic Acid to Canada in 2022:

United States (1198.6 tons)
Indonesia (46.8 tons)
Malaysia (39.1 tons)
France (33.5 tons)
Germany (30.6 tons)

Industrial Oleic Acid Exports in Canada

In 2022, industrial oleic acid exports from Canada surged to 5.9 tons, picking up by 18% compared with the year before. In general, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year.

In value terms, industrial oleic acid exports surged to $11K in 2022. Over the period under review, exports, however, saw a significant curtailment.

Export of Industrial Oleic Acid in Canada (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mexico	14.0	9.0	6.3	7.9	-17.4%
United Kingdom	4.0	2.3	1.4	1.6	-26.3%
France	2.4	N/A	0.8	0.9	-27.9%
United States	2.8	1.4	0.6	0.7	-37.0%
China	0.7	0.4	0.2	0.2	-34.1%
Others	0.4	0.2	0.2	0.1	-37.0%
Total	24.2	13.3	9.5	11.4	-22.2%

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

France (3209.0 kg)
Mexico (1634.0 kg)
United States (689.0 kg)
China (251.0 kg)
United Kingdom (89.0 kg)

Source: IndexBox Market Intelligence Platform

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

Canada

Data coverage:

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