Monocarboxylic fatty acids and acid oils from refining market in Eastern Europe (including Northern Asia)

Earlier Report Observations

Between 2018 and 2020, the market for industrial monocarboxylic fatty acids and acid oils from refining in Eastern Europe experienced significant volatility. Market volume jumped to 158.9 thousand tons in 2019, supported by steady industrial demand and increased production in the Southern Federal District, the region's leading manufacturing hub. However, in 2020, logistical complexities and exchange rate fluctuations contributed to a contraction, pulling the market size down to 115.1 thousand tons.

From 2021, import substitution emerged as a primary market driver. Western sanctions prompted a shift away from imports, stimulating domestic output, which reached 110.9 thousand tons in 2022 and helped lift overall market volume to 187.3 thousand tons. Concurrently, growing interest in environmentally friendly raw materials, such as eco-friendly soapstock used by producers like 'Armavir Fatty Acids,' provided additional support for local production expansion. The market volume then declined to 160.9 thousand tons in 2023.

The trend of import substitution and production growth continued into early 2024, with January output rising by 12.3% year-on-year. Throughout the period, global factors including raw material price volatility and ongoing logistical challenges remained influential.

Production monocarboxylic fatty acids and acid oils from refining in Eastern Europe (including Northern Asia)

In kind, 2017-2020, K t

Top producers of monocarboxylic fatty acids and acid oils from refining, 2017-2020

World map of production of monocarboxylic fatty acids and acid oils from refining, 2017-2020

In Eastern Europe (including Northern Asia), production of monocarboxylic fatty acids and acid oils from refining reached 92.8 thousand tons in 2019, marking the highest level in recent years. However, output fell to 71.2 thousand tons in 2020, representing a significant 23.3% decline from the previous year. Over the 2017-2020 period, production decreased by 21.5%, with an average annual decline rate of 7.8%. The most notable increase occurred in 2019, when production grew by 11.7%.

Annual dynamics of production in Eastern Europe (including Northern Asia) in kind, 2017-2020, K t

In value, 2017-2020, K $ US

Eastern Europe (including Northern Asia) experienced its third consecutive year of declining production value for monocarboxylic fatty acids and acid oils from refining. In 2020, the production value stood at 46 082 thousand US dollars, showing a substantial 13.8% decrease compared to 2019. Throughout the 2017-2020 period, production value fell by 24.8%, with an average annual decline rate of 9.1%.

Annual dynamics of production in Eastern Europe (including Northern Asia) in value, 2017-2020, K $ US

Exports monocarboxylic fatty acids and acid oils from refining from Eastern Europe (including Northern Asia)

Exports in kind, K t

Eastern Europe (including Northern Asia) exported 107.4 thousand tons of monocarboxylic fatty acids and acid oils from refining in 2019, which was the lowest volume during the period. Exports then increased to 131.8 thousand tons in 2020, representing a 22.7% rise from the previous year. Between 2017 and 2020, exports grew by 13%, with an average annual growth rate of 4.1%. The most significant decline occurred in 2019, when exports fell by 12.1%.

Annual dynamics of product's exports from Eastern Europe (including Northern Asia) in kind, 2017-2020, K t

During the 2017-2020 period, Germany, Israel, and the Netherlands were the largest buyers of monocarboxylic fatty acids and acid oils from refining from Eastern Europe (including Northern Asia). Germany accounted for 25.9% of exports in kind, Israel for 22.5%, and the Netherlands for 8.7%. Together, these three countries represented 57.1% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Eastern Europe (including Northern Asia) in kind, 2017-2020

Exports in value, M $ US

Eastern Europe (including Northern Asia) exported 61.9 million US dollars worth of monocarboxylic fatty acids and acid oils from refining in 2019, which was the lowest value during the period. Exports then increased sharply to 85.3 million US dollars in 2020, marking a 37.8% rise from the previous year. Between 2017 and 2020, export value grew by 8.2%, with an average annual growth rate of 2.7%. The most significant decline occurred in 2019, when export value fell by 23.3%.

Annual dynamics of product's exports from Eastern Europe (including Northern Asia) in value, 2017-2020, M $ US

From 2017 to 2020, Germany, Israel, and the Netherlands were the main markets for exports in value terms from Eastern Europe (including Northern Asia). Germany accounted for 28.9% of export value, Israel for 16.3%, and the Netherlands for 9.5%. Together, these three countries represented 54.8% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Eastern Europe (including Northern Asia) in value, 2017-2020

Imports monocarboxylic fatty acids and acid oils from refining to Eastern Europe (including Northern Asia)

Imports in kind, K t

Eastern Europe (including Northern Asia) experienced its third consecutive year of increasing imports of monocarboxylic fatty acids and acid oils from refining. In 2020, imports reached approximately 175.7 thousand tons, showing a modest 1.3% gain compared to 2019. Between 2017 and 2020, imports grew by 34.4%, with an average annual growth rate of 10.3%.

Annual dynamics of product's imports to Eastern Europe (including Northern Asia) in kind, 2017-2020, K t

During the 2017-2020 period, the Netherlands, Germany, and Indonesia were the largest suppliers of monocarboxylic fatty acids and acid oils from refining to Eastern Europe (including Northern Asia), though no single supplier dominated the market. The Netherlands accounted for 20.0% of imports in kind, Germany for 14.6%, and Indonesia for 8.8%. Together, these three countries represented 43.5% of total imports in kind, with the remaining share distributed among numerous smaller partners.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Eastern Europe (including Northern Asia) in kind, 2017-2020

Imports in value, M $ US

Eastern Europe (including Northern Asia) saw its second consecutive year of increasing import value for monocarboxylic fatty acids and acid oils from refining. In 2020, imports reached 188.3 million US dollars, representing a 10.1% increase compared to the previous year. Over the 2017-2020 period, import value grew by 10.8%, with an average annual growth rate of 3.5%. The lowest value was recorded in 2018 at 166.8 million US dollars, when imports declined by 1.9%.

Annual dynamics of product's imports to Eastern Europe (including Northern Asia) in value, 2017-2020, M $ US

The market base for imports in value terms was broad during the 2017-2020 period. The Netherlands accounted for 18.3% of import value, Germany for 15.6%, and Sweden for 8.8%. Together, these three countries represented just 42.7% of total import flows, with the remaining 57.3% shared among numerous other countries.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Eastern Europe (including Northern Asia) in value, 2017-2020