In 2023, Germany led the global imports of oleic, linoleic, and linolenic acids with a significant value, followed by China and the Netherlands. However, trends indicate varying growth rates: Germany and China saw moderate growth, at over 3% each, whereas France experienced a decline of 2.05%. Notably, Belgium and Mexico reported substantial increases, while Brazil faced a notable decrease. The Philippines achieved a dramatic rise in imports, over 36%, reflecting an accelerating demand. Variations across countries highlight differing economic circumstances and industrial demands.
Future trends suggest increased demand in Asia, particularly in countries like China. Watch for technological advancements enhancing acid production and sustainability efforts influencing import trends. Otherwise, North American and European markets may slow due to matured demand and self-sufficiency initiatives.
Top countries in Import of Oleic, Linoleic or Linolenic Acids by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 52,321,000 | 2023 | +3.73% | +3.6% | View data |
| 2 | 2 China | 12,531,000 | 2023 | +3.32% | +3.63% | View data |
| 3 | 3 Netherlands | 11,123,000 | 2023 | +1.74% | +0.35% | View data |
| 4 | 4 France | 10,434,000 | 2023 | -0.84% | -2.05% | View data |
| 5 | 5 United States | 7,486,800 | 2023 | +1.12% | -0.41% | View data |
| 6 | 6 Spain | 7,081,100 | 2023 | +0.63% | +0.011% | View data |
| 7 | 7 Belgium | 5,984,600 | 2023 | +1% | +6.39% | View data |
| 8 | 8 United Kingdom | 5,306,700 | 2023 | +0.8% | +1.02% | View data |
| 9 | 9 South Africa | 5,158,800 | 2023 | +2.3% | +2.92% | View data |
| 10 | 10 Italy | 5,035,900 | 2023 | +2.1% | +2.26% | View data |
