Margarine Market in the Middle East - Trends, Analysis and Forecast

IndexBox has just published a new report, the Middle East - Margarine And Shortening - Market Analysis, Forecast, Size, Trends and Insights. Here is a summary of the report's key findings.

The revenue of the margarine and shortening market in Middle East amounted to $X in 2017, growing by X% 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). The market value increased at an average annual rate of +X% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. In that year, the margarine and shortening market attained its peak level of $X. From 2012 to 2017, the growth of the margarine and shortening market remained at a somewhat lower figure.

Production in the Middle East

In 2017, approx. X tonnes of margarine and shortening were produced in Middle East; growing by X% against the previous year. The margarine and shortening production continues to indicate a relatively flat trend pattern.

Exports in the Middle East

In 2017, exports of margarine and shortening in Middle East amounted to X tonnes, coming down by -X% against the previous year. Overall, the total exports indicated a modest expansion over the last decade, increasing at an average annual rate of +X% from 2007 to 2017. In value terms, margarine and shortening exports stood at $X (IndexBox estimates) in 2017. 

Exports by Country

Turkey prevails in margarine and shortening exports structure, recording X tonnes, which was approx. X% of total exports in 2017. It was distantly followed by Oman (X tonnes), achieving X% share of total exports. The United Arab Emirates (X tonnes) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +X% from 2007 to 2017. At the same time, Oman (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. By contrast, the United Arab Emirates (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the United Arab Emirates increased by X% percentage points, while Oman (-X%) and Turkey (-X%) saw their share reduced.

In value terms, Turkey ($X) remains the largest margarine and shortening supplier in Middle East, comprising X% of global exports. The second position in the ranking was occupied by Oman ($X), with a X% share of global exports.

Export Prices by Country

The margarine and shortening export price in Middle East stood at $X per kg in 2017, increasing by X% against the previous year. The the margarine and shortening export price continues to indicate a relatively flat trend pattern.

Average export prices varied somewhat amongst the major exporting countries. In 2017, the country with the highest export price was the United Arab Emirates ($X per kg), while Turkey ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Imports in the Middle East

In 2017, the amount of margarine and shortening imported in Middle East totaled X tonnes, waning by -X% against the previous year. The total imports indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. In value terms, margarine and shortening imports totaled $X (IndexBox estimates) in 2017. 

Imports by Country

In 2017, Iraq (X tonnes), distantly followed by Saudi Arabia (X tonnes), Syrian Arab Republic (X tonnes), Turkey (X tonnes), Iran (X tonnes), the United Arab Emirates (X tonnes) and Lebanon (X tonnes) were the key importers of margarine and shortening, together comprising X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Lebanon (+X% per year), while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the margarine and shortening import price in Middle East amounted to $X per kg, jumping by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Turkey ($X per kg) and the United Arab Emirates ($X per kg), while Iraq ($X per tonne) and Syrian Arab Republic ($X per kg) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform