Oleic Acid Price Trend

Oleic Acid Prices December 2023

In the USA, the price of oleic acid (food grade) concluded the quarter at 1405 USD/MT, showing a quarterly inclination of 0.01%. The price continued to steady throughout the quarter, with no significant percentage change from the previous quarter. The market in the USA was influenced by factors such as low demand, ample supply, and seasonal variations.

In South Korea, there was a reasonable to high supply of oleic acid, and umpteen inventories ensured a consistent market flow. However, the product demand in South Korea remained at a short to moderate level due to decreased consumer interest and a slowdown in industrial adoption. The closing price for oleic acid (food grade) in South Korea in Q4 2023 was documented at 1255 USD/MT.

In the Netherlands, the product prices decreased by 0.23% on an average quarterly basis. However, in the middle of Q4, the product prices increased as businesses proactively restocked their inventories through substantial order placements, thereby improving the market. The quarter-ending price for oleic acid (Food Grade) was 1365 USD/MT.

Oleic Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Oleic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of oleic acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of oleic acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of oleic acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing oleic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Oleic Acid Market Analysis

The global oleic acid market size reached US$ 316 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 444.8 Million, at a projected CAGR of 3.90% during 2023-2032.

• The burgeoning need for oleic acid across an assortment of industries such as food and beverage (F&B), pharmaceuticals, cosmetics, and private care is propelling the market growth.
• Additionally, the widespread adoption of oleic acid within the manufacturing of biodiesel owing to its environmentally friendly nature and government initiatives supporting sustainable power resources are substantially contributing to the market growth.
• On the other hand, the increasing recognition concerning the advantages related to oleic acid consumption, like reduced chance of cardiovascular diseases (CVDs) and improved skin health, is boosting its demand in the F&B sector.
• In addition, the escalating usage of oleic acid within the manufacturing of industrial lubricants, metalworking fluids, and surfactants attributed to its exceptional lubricating and emulsifying homes is positively influencing the market growth.
• Furthermore, the rising development of incorporating natural and organic elements in purchaser products is riding the demand for oleic acid derived from vegetable oils, such as olive oil, sunflower oil, and palm oil.
• In line with this, the surging prevalence of persistent diseases such as weight problems and diabetes are resulting in a shift towards healthier dietary choices, thereby expanding the consumption of oleic acid-rich meals and supplements.
• Moreover, the broadening application scope of oleic acid in the pharmaceutical enterprise for drug supply systems, emulsifiers, and excipients is contributing to the market growth.
• The surge in research and development (R&D) activities aimed toward improving the functionality and versatility of oleic acid for various industrial programs is predicted to create lucrative alternatives for the market.
• Furthermore, the increasing investments in infrastructure development and rapid urbanization in developing regions are escalating the demand for adhesives, sealants, and coatings, which is further stimulating the market growth.
• Besides this, the stringent regulations imposed via regulatory authorities relating to using artificial chemical compounds in customer merchandise are encouraging producers to choose natural alternatives like oleic acid, which is providing a considerable thrust to the market growth.

Oleic Acid News

The report covers the latest developments, updates, and trends impacting the global oleic acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in oleic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the oleic acid price trend.

Latest developments in the oleic acid industry:

• In 2022, IOI Oleochemicals announced the expansion of its oleic acid production capacity at its manufacturing facility in Malaysia. The expansion project, which began in January 2022, aims to meet the increasing demand for oleic acid in various end-use industries, including food, pharmaceuticals, and personal care.
• In 2023, Oleo-X, a leading provider of sustainable waste-to-value solutions, announced the launch of its merchant pretreatment facility in Port Arthur, Texas. This facility is designed to process waste feedstocks for the production of renewable diesel and sustainable aviation fuel (SAF). The company's proprietary technology can process 100,000 tons of waste per year, with a focus on converting fats, oils, and greases (FOG) into valuable feedstocks. This initiative is expected to reduce greenhouse gas emissions by 80% compared to traditional fossil fuel production methods.

Product Description

Oleic acid, a monounsaturated omega-9 fatty acid, plays a crucial role in various industries and applications worldwide. Primarily derived from vegetable oils such as olive oil, sunflower oil, and palm oil, oleic acid finds extensive use in the F&B industry, pharmaceuticals, cosmetics, personal care products, and industrial applications. Its versatility stems from its ability to act as a stabilizing agent, emulsifier, lubricant, and surfactant, making it an essential ingredient in a wide array of products. In the food industry, oleic acid is valued for its health benefits, including its ability to lower bad cholesterol levels and reduce the risk of cardiovascular diseases.

Moreover, it enhances the sensory attributes of food products, such as flavor and texture. In pharmaceuticals, oleic acid is utilized in drug delivery systems, topical medications, and as an excipient due to its compatibility with active pharmaceutical ingredients and its ability to improve bioavailability. In cosmetics and personal care products, oleic acid is prized for its moisturizing properties and its ability to nourish and protect the skin and hair. Additionally, oleic acid is gaining traction in industrial applications such as lubricants, metalworking fluids, and biofuels due to its biodegradability and eco-friendly nature.

Regional Coverage

The report provides a detailed analysis of the oleic acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the oleic acid price trend.

Global Oleic Acid Price

The report offers a holistic view of the global oleic acid pricing trends in the form of oleic acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of oleic acid but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed oleic acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Oleic Acid Price

In the fourth quarter of 2023, the region witnessed a decline in oleic acid prices, influenced by various reductions in the cost of the primary raw material, leading to reduced production costs for manufacturers. Moreover, an oversupply of the product in the market exerted pressure on prices, prompting a reduction to clear existing stocks.

This analysis can be extended to include detailed oleic acid price information for a comprehensive list of countries.

North America Oleic Acid Price

In North America, the oleic acid market encountered various influences on prices during the fourth quarter of 2023. Challenges arose due to a subdued demand and oversupply from downstream industries, leading to a significant price decline throughout the quarter. The surplus inventory, fueled by surging production activities and raw material availability, exerted descending pressure on prices.

Specific oleic acid historical data within the United States and Canada can also be provided.

Middle East and Africa Oleic Acid Price

The report explores the oleic acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on oleic acid prices for countries can also be provided.

Asia Pacific Oleic Acid Price

During the third quarter of 2023, in the Asia Pacific, there was a noteworthy change in the oleic acid market. The recent price drop in oleic acid can be primarily attributed to a seasonal slowdown observed in the manufacturing sector.

This oleic acid price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Oleic Acid Price

The analysis of oleic acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of oleic acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting oleic acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The oleic acid price charts ensure our clients remain at the forefront of the industry.