Non-Liquid Margarine Price in the United Arab Emirates - 2021

Contents:

1. Non-Liquid Margarine Price in the United Arab Emirates (FOB) - 2022
2. Non-Liquid Margarine Price in the United Arab Emirates (CIF) - 2022
3. Non-Liquid Margarine Exports in the United Arab Emirates
4. Non-Liquid Margarine Imports in the United Arab Emirates

Non-Liquid Margarine Price in the United Arab Emirates (FOB) - 2022

The average non-liquid margarine export price stood at $1,263 per ton in 2022, falling by -8.7% against the previous year. In general, the export price saw a slight descent. The pace of growth appeared the most rapid in 2021 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices attained the maximum at $1,490 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($1,969 per ton), while the average price for exports to Mozambique ($255 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (-0.5%), while the prices for the other major destinations experienced a decline.

Non-Liquid Margarine Price in the United Arab Emirates (CIF) - 2022

The average non-liquid margarine import price stood at $1,610 per ton in 2022, declining by -14% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 45% against the previous year. As a result, import price attained the peak level of $1,873 per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($4,109 per ton), while the price for Poland ($1,249 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Non-Liquid Margarine Exports in the United Arab Emirates

In 2022, the amount of non-liquid margarine exported from the United Arab Emirates shrank rapidly to 9.9K tons, which is down by -15.9% compared with the previous year. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 47%. As a result, the exports attained the peak of 12K tons, and then contracted markedly in the following year.

In value terms, non-liquid margarine exports contracted rapidly to $13M in 2022. Over the period under review, total exports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. As a result, the exports reached the peak of $16M, and then shrank dramatically in the following year.

Top Export Markets for Non-Liquid Margarine from the United Arab Emirates in 2022:

1. Mozambique (4.1K tons)
2. Bahrain (3.8K tons)
3. Jordan (2.0K tons)

Non-Liquid Margarine Imports in the United Arab Emirates

In 2022, approx. 4.2K tons of non-liquid margarine were imported into the United Arab Emirates; which is down by -6.8% on 2021 figures. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 15%.

In value terms, non-liquid margarine imports shrank sharply to $6.7M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 66% against the previous year. As a result, imports reached the peak of $8.4M, and then contracted significantly in the following year.

Top Suppliers of Non-Liquid Margarine to the United Arab Emirates in 2022:

1. Spain (1014.6 tons)
2. Germany (295.9 tons)
3. Turkey (288.8 tons)
4. Belgium (182.5 tons)
5. Portugal (95.0 tons)
6. Poland (74.9 tons)
7. United Kingdom (58.4 tons)

Source: IndexBox Market Intelligence Platform