In 2023, Spain held the largest share of European exports of industrial oleic acid in kilograms at 35.07%, experiencing a minor decline of -1.08% year-on-year. Belgium and the Netherlands followed with shares of 28.62% and 22.82%, respectively, both showing positive growth. Germany also increased its share, marking a significant 9.35% rise. Italy saw a complete drop in export share, decreasing by 100%, while Lithuania and Greece experienced notable growth rates of 24.21% and 92.56%, respectively.
For future trends, attention should be paid to countries like Lithuania and Greece, which have displayed robust growth, potentially capturing more market share. The competitive dynamics among major exporters like Spain, Belgium, and the Netherlands should also be monitored, alongside any economic or regulatory shifts that might impact production and exportation strategies. The industrial oleic acid market may also benefit from technological advancements and shifts in demand for sustainable and eco-friendly products.
Top countries in Export of Industrial Oleic Acid Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 35.07 | 2023 | +4.8% | -1.08% | View data |
| 2 | 2 Belgium | 28.62 | 2023 | +3.7% | +2.07% | View data |
| 3 | 3 Netherlands | 22.82 | 2023 | +2.24% | +2.53% | View data |
| 4 | 4 Germany | 16.68 | 2023 | +6.08% | +9.35% | View data |
| 5 | 5 Italy | 0.65 | 2023 | -39.66% | View data | |
| 6 | 6 Lithuania | 0.6 | 2023 | +6.45% | +24.21% | View data |
| 7 | 7 Austria | 0.16 | 2023 | +36.85% | +19.27% | View data |
| 8 | 8 Sweden | 0.081 | 2023 | +21.4% | +59% | View data |
| 9 | 9 Denmark | 0.069 | 2023 | +6.41% | +7.64% | View data |
| 10 | 10 Greece | 0.058 | 2023 | -6.5% | +92.56% | View data |
