United Arab Emirates - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Maize Oil Price in the United Arab Emirates - 2021
Contents:
- Refined Maize Oil Price in the United Arab Emirates (CIF) - 2022
- Refined Maize Oil Price in the United Arab Emirates (FOB) - 2022
- Refined Maize Oil Imports in the United Arab Emirates
- Refined Maize Oil Exports in the United Arab Emirates
Refined Maize Oil Price in the United Arab Emirates (CIF) - 2022
In 2022, the average refined maize oil import price amounted to $1,637 per ton, declining by -15.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 36%. As a result, import price attained the peak level of $1,942 per ton, and then reduced notably 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 South Africa ($1,925 per ton), while the price for the United States ($1,179 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Maize Oil Price in the United Arab Emirates (FOB) - 2022
In 2022, the average refined maize oil export price amounted to $1,920 per ton, reducing by -3.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2013 when the average export price increased by 40%. As a result, the export price attained the peak level of $2,367 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($4,220 per ton), while the average price for exports to Tanzania ($207 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 Sri Lanka (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Maize Oil Imports in the United Arab Emirates
In 2022, approx. 23K tons of refined maize (corn) oil were imported into the United Arab Emirates; with an increase of 23% against 2021. Overall, imports, however, saw a perceptible curtailment.
In value terms, refined maize oil imports reached $38M in 2022. The total import value increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 16%. As a result, imports attained the peak of $40M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Refined Maize Oil in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 1.1 | N/A | 18.8 | 313.4% |
| Turkey | 1.9 | 1.4 | 4.7 | 14.2 | 95.5% |
| South Africa | N/A | 2.7 | 1.6 | 3.4 | 12.2% |
| Egypt | N/A | 0.1 | 0.5 | 0.8 | 182.8% |
| United States | 11.4 | 6.3 | 1.1 | 0.2 | -74.0% |
| South Korea | 1.2 | 0.2 | N/A | N/A | -83.3% |
| Belgium | 1.4 | 0.6 | 0.3 | N/A | -53.7% |
| Oman | 2.4 | 2.2 | 1.1 | N/A | -32.3% |
| Saudi Arabia | 14.0 | 11.1 | 15.0 | N/A | 3.5% |
| Others | 1.8 | 13.8 | 12.5 | 0.8 | -23.7% |
| Total | 34.2 | 39.5 | 36.9 | 38.2 | 3.8% |
Top Suppliers of Refined Maize Oil to the United Arab Emirates in 2022:
- China (10.9K tons)
- Turkey (9.5K tons)
- South Africa (1.8K tons)
- Egypt (0.5K tons)
- United States (0.2K tons)
Refined Maize Oil Exports in the United Arab Emirates
In 2022, the amount of refined maize (corn) oil exported from the United Arab Emirates declined slightly to 4K tons, waning by -2.5% on 2021. Overall, exports faced a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of 5.2%.
In value terms, refined maize oil exports contracted to $7.7M in 2022. Over the period under review, exports showed a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 13%.
| Export of Refined Maize Oil in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 0.9 | 1.1 | 1.3 | 5.8 | 86.1% |
| Jordan | 0.3 | 0.3 | 0.2 | 1.3 | 63.0% |
| Sri Lanka | 0.1 | N/A | N/A | 0.5 | 71.0% |
| Kuwait | 8.5 | 3.5 | 2.8 | N/A | -42.6% |
| Malaysia | N/A | N/A | 0.9 | N/A | 0% |
| Tanzania | N/A | N/A | N/A | N/A | 0% |
| Oman | 2.6 | 1.3 | 0.4 | N/A | -60.8% |
| Saudi Arabia | 0.4 | 0.3 | 0.9 | N/A | 50.0% |
| Pakistan | 0.8 | 0.8 | 0.5 | N/A | -20.9% |
| Others | 0.3 | N/A | 1.2 | 0.1 | -30.7% |
| Total | 13.9 | 7.3 | 8.2 | 7.7 | -17.9% |
Top Export Markets for Refined Maize Oil from the United Arab Emirates in 2022:
- Bahrain (3039.0 tons)
- Jordan (742.1 tons)
- Sri Lanka (120.7 tons)
- Tanzania (67.2 tons)
This report provides an in-depth analysis of the refined maize oil market in the United Arab Emirates. 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 10621460 - Refined maize (corn) oil and its fractions (excluding chemically modified)
Country coverage:
- United Arab Emirates
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the United Arab Emirates
- 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
-
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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