In 2023, Malaysia led global oleic acid exports at 36.05%, while Indonesia held 25.51%. European countries like Belgium and the Netherlands followed with 10.94% and 6.76%, respectively. Emerging economies such as Russia and Lithuania showed significant growth, with variations of 34.78% and 10.04%. Developed countries like the US and Japan had modest contributions, at 2.65% and 0.88%, with slight decreases in Japan. Spain and South Korea also exhibited healthy growth, indicating expanding capacities.
Future trends may see increased competition from Asian countries focused on industrial and cosmetic sectors. The expanding oleochemicals market and evolving trade policies will influence shifts in global market dynamics.
Top countries in Export of Oleic Acid Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malaysia | 36.05 | 2023 | +3.58% | +3.81% | View data |
| 2 | 2 Indonesia | 25.51 | 2023 | +4.01% | +2.94% | View data |
| 3 | 3 Belgium | 10.94 | 2023 | +3.18% | +2.64% | View data |
| 4 | 4 Netherlands | 6.76 | 2023 | +0.93% | -0.52% | View data |
| 5 | 5 Germany | 5.11 | 2023 | +4.58% | +5.2% | View data |
| 6 | 6 Argentina | 4.9 | 2023 | +5.66% | +0.82% | View data |
| 7 | 7 United States | 2.65 | 2023 | +1.87% | +1.51% | View data |
| 8 | 8 Spain | 1.92 | 2023 | +4.43% | +6.01% | View data |
| 9 | 9 South Korea | 1.39 | 2023 | +4.11% | +5.38% | View data |
| 10 | 10 Japan | 0.88 | 2023 | +2.05% | -0.24% | View data |
