In 2023, the import of oleic acid to the U.S. was approximately 12.75 million kilograms. Projections from 2024 to 2028 indicate a steady annual increase in imports, growing from 13.086 million kilograms in 2024 to 14.542 million kilograms by 2028. This represents a year-on-year growth of around 2.8% on average. Over the forecasted period, the compound average growth rate (CAGR) is approximately 2.6% annually.
Future trends to watch include developments in the U.S. manufacturing sectors that utilize oleic acid, global supply chain dynamics, any regulatory changes impacting imports, and innovations in production technologies that may alter demand and supply conditions.
