The European import of industrial oleic acid is predominantly led by the Netherlands, France, and Belgium. In 2023, notable growth was seen in the Netherlands with a 5.39% increase, while France experienced a 6.53% surge. Sweden's import volume rose significantly by 8.5%. Lithuania and Denmark showed notable increases of 20.51% and 21.85% respectively, whereas countries like the United Kingdom and Bulgaria saw declines. Germany's imports stayed relatively stable. Over the past five years, the compounded annual growth rate has varied widely among these countries, illustrating diverse market trends and local demand conditions.
Future trends to watch:
- Continued growth in northern European countries like Sweden, driven by industrial demand.
- Potential market retraction in countries with declining imports, such as the UK and Portugal.
- Developments in sustainable and bio-based oleic acid may alter import demands and shift market dynamics.
- Monitoring geopolitical changes impacting trade policies within the EU could affect sourcing strategies.
Top countries in Import of Industrial Oleic Acid Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 29.5 | 2023 | +6.27% | +5.39% | View data |
| 2 | 2 France | 14.97 | 2023 | +5.87% | +6.53% | View data |
| 3 | 3 Belgium | 14.37 | 2023 | +9.79% | +3.05% | View data |
| 4 | 4 Sweden | 12.23 | 2023 | +9.06% | +8.5% | View data |
| 5 | 5 Italy | 11.59 | 2023 | +2.84% | +1.19% | View data |
| 6 | 6 Spain | 8.77 | 2023 | +8.27% | -0.98% | View data |
| 7 | 7 Germany | 7.87 | 2023 | -0.19% | +0.51% | View data |
| 8 | 8 United Kingdom | 1.68 | 2023 | -2.93% | -4.78% | View data |
| 9 | 9 Czechia | 0.68 | 2023 | |||
| 10 | 10 Austria | 0.62 | 2023 | +1.47% | +2.65% | View data |
