In 2023, Malaysia led the global export of oleic acid, reaching 129.26 million kilograms, followed by Indonesia at 91.442 million. Notably, Malaysia and Indonesia showcased robust growth rates of 3.81% and 2.94%, respectively. European countries such as Belgium, Germany, and the Netherlands posted varying trends, with Germany experiencing a strong increase of 5.2%. Despite a minor decline, the Netherlands maintained a significant volume at 24.227 million kilograms. Russia exhibited the highest growth rate at 34.78%, although starting from a relatively smaller base. Conversely, countries like India and Denmark faced declines, reflecting -7.54% and -7.41%, respectively.
Looking ahead, potential growth in oleic acid exports could be driven by increasing demand for sustainable and natural products in food and industrial applications. Key players like Malaysia and Indonesia might continue to dominate the market, while emerging economies with growing domestic industries such as India and Brazil could explore opportunities to expand their production capacities. Furthermore, geopolitical influences and regulatory changes in the global trade environment may create shifts among exporting countries.
Top countries in Export of Oleic Acid by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malaysia | 129,260,000 | 2023 | +3.58% | +3.81% | View data |
| 2 | 2 Indonesia | 91,442,000 | 2023 | +4.01% | +2.94% | View data |
| 3 | 3 Belgium | 39,235,000 | 2023 | +3.18% | +2.64% | View data |
| 4 | 4 Netherlands | 24,227,000 | 2023 | +0.93% | -0.52% | View data |
| 5 | 5 Germany | 18,330,000 | 2023 | +4.58% | +5.2% | View data |
| 6 | 6 Argentina | 17,550,000 | 2023 | +5.66% | +0.82% | View data |
| 7 | 7 United States | 9,511,300 | 2023 | +1.87% | +1.51% | View data |
| 8 | 8 Spain | 6,893,900 | 2023 | +4.43% | +6.01% | View data |
| 9 | 9 South Korea | 4,968,100 | 2023 | +4.11% | +5.38% | View data |
| 10 | 10 Japan | 3,156,400 | 2023 | +2.05% | -0.24% | View data |
