China - Industrial Tall Oil Fatty Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Tall Oil Fatty Acids in China - 2023
Contents:
- Price for Tall Oil Fatty Acids in China (CIF) - 2023
- Price for Tall Oil Fatty Acids in China (FOB) - 2022
- Imports of Tall Oil Fatty Acids in China
- Exports of Tall Oil Fatty Acids in China
Price for Tall Oil Fatty Acids in China (CIF) - 2023
The average tall oil fatty acids import price stood at $3,180 per ton in June 2023, growing by 4.1% against the previous month. Over the period under review, import price indicated a perceptible expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.7% 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, tall oil fatty acids import price decreased by -19.6% against April 2023 indices. The growth pace was the most rapid in December 2022 an increase of 79% m-o-m. As a result, import price attained the peak level of $4,966 per ton. From January 2023 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($3,746 per ton), while the price for Japan ($2,293 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tall Oil Fatty Acids in China (FOB) - 2022
In 2022, the average tall oil fatty acids export price amounted to $1,800 per ton, waning by -10.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 32%. As a result, the export price reached the peak level of $2,017 per ton, and then dropped in the following year.
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 Taiwan (Chinese) ($3,309 per ton), while the average price for exports to Japan ($1,550 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 Hong Kong SAR (+73.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tall Oil Fatty Acids in China
In 2022, tall oil fatty acids imports into China expanded markedly to 8.4K tons, growing by 14% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 37% against the previous year. As a result, imports attained the peak of 9.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, tall oil fatty acids imports amounted to $11M in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. As a result, imports attained the peak of $12M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Tall Oil Fatty Acids in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.2 | 5.7 | 6.3 | 6.9 | 46.4% |
| Sweden | 4.2 | 3.3 | 1.6 | 2.7 | -13.7% |
| Finland | 2.0 | 2.1 | 1.2 | 0.5 | -37.0% |
| New Zealand | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
| Others | 0.5 | 0.2 | 0.7 | 0.5 | 0.0% |
| Total | 9.2 | 11.7 | 10.0 | 10.8 | 5.5% |
Top Suppliers of Tall Oil Fatty Acids to China in 2022:
- United States (5.7K tons)
- Sweden (2.0K tons)
- New Zealand (0.3K tons)
- Finland (0.3K tons)
Exports of Tall Oil Fatty Acids in China
In 2022, approx. 197 tons of industrial tall oil fatty acids were exported from China; waning by -10.4% compared with the previous year's figure. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 26%.
In value terms, tall oil fatty acids exports dropped significantly to $354K in 2022. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. As a result, the exports reached the peak of $443K, and then fell notably in the following year.
| Export of Tall Oil Fatty Acids in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 85.4 | 144 | 38.5 | 117 | 11.1% |
| Japan | N/A | N/A | N/A | 74.8 | 0% |
| Vietnam | 15.1 | 54.3 | 85.0 | 59.8 | 58.2% |
| Malaysia | 0.5 | 0.1 | 84.6 | 56.2 | 382.6% |
| Australia | N/A | N/A | 31.5 | 29.5 | -6.3% |
| Canada | 11.2 | 13.0 | 10.7 | 11.9 | 2.0% |
| Albania | 86.7 | N/A | N/A | N/A | 0% |
| Mongolia | 146 | 39.3 | 37.6 | N/A | -49.3% |
| United Arab Emirates | 61.0 | N/A | 111 | N/A | 34.9% |
| Others | 7.0 | 14.8 | 44.3 | 4.5 | -13.7% |
| Total | 413 | 265 | 443 | 354 | -5.0% |
Top Export Markets for Tall Oil Fatty Acids from China in 2022:
- Singapore (62.1 tons)
- Japan (48.2 tons)
- Vietnam (32.6 tons)
- Malaysia (29.6 tons)
- Australia (16.2 tons)
- Canada (5.7 tons)
This report provides an in-depth analysis of the market for tall oil fatty acids in China. 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 20143150 - Industrial tall oil fatty acids
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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