Japan leads the global import of oleic acid in 2023, followed closely by the Netherlands and China. Notably, Ukraine experienced a significant surge of 29.61% growth, while Norway and Kuwait faced substantial drops of 23.05% and 33.92%, respectively. Across five years, high growth rates are evident in emerging markets like the Czech Republic and Lithuania, reflecting increasing industrial applications of oleic acid.
Future trends to watch include China’s continued expansion, driven by an industrial boom, and potential shifts in trade dynamics due to geopolitical factors influencing production and supply chains. A focus on sustainable sourcing and bio-based alternatives may also impact import patterns.
Top countries in Import of Oleic Acid by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 35,053,000 | 2023 | +2.34% | -0.17% | View data |
| 2 | 2 Netherlands | 33,240,000 | 2023 | +3.24% | +2.65% | View data |
| 3 | 3 China | 32,175,000 | 2023 | +3.88% | +4.68% | View data |
| 4 | 4 South Korea | 29,671,000 | 2023 | +1.65% | +2.51% | View data |
| 5 | 5 Sweden | 28,025,000 | 2023 | +5.35% | +4.6% | View data |
| 6 | 6 France | 23,735,000 | 2023 | +3.69% | +3.66% | View data |
| 7 | 7 Italy | 23,238,000 | 2023 | +4.24% | +4.01% | View data |
| 8 | 8 Spain | 21,937,000 | 2023 | +3.87% | +4.36% | View data |
| 9 | 9 India | 20,684,000 | 2023 | +4.18% | +4.1% | View data |
| 10 | 10 Belgium | 19,952,000 | 2023 | +2.39% | +0.77% | View data |
