In 2023, Japan led global imports of oleic acid with a 9.75% share in USD, although experiencing a slight decline (-0.17%). The Netherlands and China followed with increases of 2.65% and 4.68%, respectively. The United States saw modest growth (2.53%), whereas Germany's share decreased significantly by 2.43%. Notably, Ukraine's import share surged by 29.61%, and smaller markets like Lithuania and El Salvador saw double-digit growth. In contrast, countries such as Bulgaria, Lebanon, and Canada faced declines.
Looking forward, expect growth in China's demand for oleic acid. Emerging markets like Ukraine may continue their upward trajectory, while established markets face competitive pressures affecting their shares.
Top countries in Import of Oleic Acid Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 9.75 | 2023 | +2.34% | -0.17% | View data |
| 2 | 2 Netherlands | 9.25 | 2023 | +3.24% | +2.65% | View data |
| 3 | 3 China | 8.95 | 2023 | +3.88% | +4.68% | View data |
| 4 | 4 South Korea | 8.26 | 2023 | +1.65% | +2.51% | View data |
| 5 | 5 Sweden | 7.8 | 2023 | +5.35% | +4.6% | View data |
| 6 | 6 France | 6.6 | 2023 | +3.69% | +3.66% | View data |
| 7 | 7 Italy | 6.47 | 2023 | +4.24% | +4.01% | View data |
| 8 | 8 Spain | 6.1 | 2023 | +3.87% | +4.36% | View data |
| 9 | 9 India | 5.76 | 2023 | +4.18% | +4.1% | View data |
| 10 | 10 Belgium | 5.55 | 2023 | +2.39% | +0.77% | View data |
