World - Lauric Acid And Others, Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the increasing demand for lauric acid and other acids, salts, and esters globally, with a projected growth in consumption over the next eight years. The market is expected to see a deceleration in performance, with an anticipated CAGR of +3.6% in volume and +5.5% in value from 2022 to 2030. China remains the largest consumer, followed by the United States and India. Production and exports of these products are also analyzed, with Indonesia and Malaysia being major exporters. The article provides insights into pricing trends and growth rates for key market players.
Market Forecast
Driven by increasing demand for lauric acid and other acids, their salts and esters worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market volume to 3.8M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.5% for the period from 2022 to 2030, which is projected to bring the market value to $17.6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Lauric Acid And Other Acids, Their Salts And Esters
In 2022, after ten years of growth, there was significant decline in consumption of lauric acid and other acids, their salts and esters, when its volume decreased by -11.1% to 2.8M tons. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +66.4% against 2012 indices. As a result, consumption attained the peak volume of 3.2M tons, and then reduced in the following year.
The value of the market for lauric acid and other acids, their salts and esters worldwide dropped to $11.4B in 2022, which is down by -9.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +70.4% against 2012 indices. As a result, consumption attained the peak level of $12.7B, and then reduced in the following year.
Consumption By Country
China (657K tons) remains the largest lauric acid and other acids, their salts and esters consuming country worldwide, accounting for 23% of total volume. Moreover, consumption of lauric acid and other acids, their salts and esters in China exceeded the figures recorded by the second-largest consumer, the United States (327K tons), twofold. India (240K tons) ranked third in terms of total consumption with an 8.5% share.
In China, consumption of lauric acid and other acids, their salts and esters expanded at an average annual rate of +6.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+9.3% per year) and India (+5.2% per year).
In value terms, the largest lauric acid and other acids, their salts and esters markets worldwide were China ($2.5B), India ($2.1B) and the United States ($1.3B), together comprising 51% of the global market. Nigeria, Mexico, Japan, the Netherlands, Germany, Turkey, Belgium, the UK, Brazil and Indonesia lagged somewhat behind, together comprising a further 31%.
The Netherlands, with a CAGR of +38.9%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while esters for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of lauric acid and other acids, their salts and esters per capita consumption in 2022 were the Netherlands (13 kg per person), Belgium (7.2 kg per person) and Japan (1.1 kg per person).
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +38.0%), while esters for the other global leaders experienced more modest paces of growth.
Production
World Production of Lauric Acid And Other Acids, Their Salts And Esters
In 2022, after ten years of growth, there was decline in production of lauric acid and other acids, their salts and esters, when its volume decreased by -2.2% to 2.8M tons. In general, the total production indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +66.9% against 2012 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 13%. As a result, production attained the peak volume of 2.9M tons, and then declined in the following year.
In value terms, production of lauric acid and other acids, their salts and esters shrank to $9.5B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the production volume increased by 17%. As a result, production attained the peak level of $9.8B, and then dropped modestly in the following year.
Production By Country
The countries with the highest volumes of production in 2022 were China (480K tons), Indonesia (476K tons) and the United States (312K tons), with a combined 45% share of global production.
From 2012 to 2022, the most notable rate of growth in terms of esters, amongst the main producing countries, was attained by Indonesia (with a CAGR of +11.9%), while esters for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Lauric Acid And Other Acids, Their Salts And Esters
In 2022, overseas purchases of lauric acid and other acids, their salts and esters decreased by -18.7% to 1.5M tons for the first time since 2013, thus ending a eight-year rising trend. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 34%. As a result, imports attained the peak of 1.9M tons, and then fell significantly in the following year.
In value terms, imports of lauric acid and other acids, their salts and esters reduced to $5.1B in 2022. Overall, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 59%. As a result, imports reached the peak of $5.4B, and then dropped in the following year.
Imports By Country
The purchases of the eight major importers of lauric acid and other acids, their salts and esters, namely China, the Netherlands, Belgium, India, the United States, Japan, Germany and the UK, represented more than two-thirds of total import. Italy (40K tons), South Korea (37K tons), Spain (37K tons), Mexico (32K tons) and Malaysia (28K tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +12.1%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest lauric acid and other acids, their salts and esters importing markets worldwide were China ($582M), the Netherlands ($469M) and Belgium ($461M), together accounting for 30% of global imports.
In terms of the main importing countries, the Netherlands, with a CAGR of +12.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average import price for lauric acid and other acids, their salts and esters stood at $3,339 per ton in 2022, surging by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 when the average import price increased by 19% against the previous year. Global import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Spain ($4,651 per ton), while the Netherlands ($2,082 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.3%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Lauric Acid And Other Acids, Their Salts And Esters
In 2022, after three years of growth, there was decline in shipments abroad of lauric acid and other acids, their salts and esters, when their volume decreased by -3.7% to 1.5M tons. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.7% against 2013 indices. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, the exports reached the peak of 1.5M tons, and then dropped modestly in the following year.
In value terms, exports of lauric acid and other acids, their salts and esters reached $4.7B in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, the global exports of hit record highs in 2022 and are likely to continue growth in the near future.
Exports By Country
Indonesia (378K tons) and Malaysia (304K tons) were the major exporters of lauric acid and other acids, their salts and esters in 2022, accounting for approx. 25% and 20% of total exports, respectively. It was distantly followed by Germany (145K tons), the Netherlands (143K tons), Belgium (91K tons), China (76K tons) and the United States (73K tons), together achieving a 35% share of total exports.
From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +18.0%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, Malaysia ($754M), Indonesia ($630M) and Germany ($514M) were the countries with the highest levels of exports in 2022, with a combined 41% share of global exports.
In terms of the main exporting countries, Indonesia, with a CAGR of +18.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average export price for lauric acid and other acids, their salts and esters stood at $3,125 per ton in 2022, picking up by 19% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($4,887 per ton), while Indonesia ($1,666 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.1%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for lauric acid and other acids, their salts and esters. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143280 - Lauric acid and others, salts and esters
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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