Report Update: May 1, 2024

United Arab Emirates - Refined Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights

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Refined Rapeseed Oil Price in the United Arab Emirates - 2021

Refined Rapeseed Oil Price in the United Arab Emirates (FOB) - 2022

The average refined rapeseed oil export price stood at $1,806 per ton in 2022, with an increase of 40% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined rapeseed oil export price increased by +101.7% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belgium ($1,996 per ton) and Jordan ($1,947 per ton), while the average price for exports to China ($1,705 per ton) and Hong Kong SAR ($1,748 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Rapeseed Oil Price in the United Arab Emirates (CIF) - 2022

The average refined rapeseed oil import price stood at $1,520 per ton in 2022, with a decrease of -15.4% against the previous year. Overall, the import price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2019 an increase of 22% against the previous year. The import price peaked at $2,416 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 France ($3,200 per ton), while the price for the United States ($1,119 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Refined Rapeseed Oil Exports in the United Arab Emirates

In 2022, overseas shipments of refined rape, colza or mustard oil decreased by -40% to 40K tons, falling for the second consecutive year after two years of growth. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 37%. As a result, the exports reached the peak of 78K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, refined rapeseed oil exports declined dramatically to $72M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 42% against the previous year.

Export of Refined Rapeseed Oil in the United Arab Emirates (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	N/A	36.2	26.5	24.5	-17.7%
Hong Kong SAR	0.2	3.2	7.9	23.8	391.9%
Belgium	N/A	N/A	N/A	8.9	0%
Jordan	N/A	N/A	N/A	3.0	0%
South Africa	0.1	N/A	N/A	1.5	146.6%
Egypt	0.7	0.6	0.4	1.3	22.9%
Malaysia	30.9	24.3	15.8	N/A	-28.5%
Singapore	7.1	7.4	4.1	N/A	-24.0%
Italy	5.2	N/A	4.5	N/A	-7.0%
Others	7.1	1.1	27.1	9.5	10.2%
Total	51.2	72.8	86.4	72.5	12.3%

Top Export Markets for Refined Rapeseed Oil from the United Arab Emirates in 2022:

China (14.3K tons)
Hong Kong SAR (13.6K tons)
Belgium (4.5K tons)
Jordan (1.6K tons)
South Africa (0.8K tons)
Egypt (0.7K tons)

Refined Rapeseed Oil Imports in the United Arab Emirates

In 2022, approx. 5.9K tons of refined rape, colza or mustard oil were imported into the United Arab Emirates; picking up by 12% against 2021 figures. Overall, imports, however, saw a pronounced setback.

In value terms, refined rapeseed oil imports reduced slightly to $8.9M in 2022. In general, imports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year.

Import of Refined Rapeseed Oil in the United Arab Emirates (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	N/A	N/A	N/A	3.4	0%
Canada	1.2	1.2	2.3	3.1	37.2%
India	1.9	1.8	1.2	0.6	-31.9%
United States	0.9	0.5	0.4	0.3	-30.7%
Spain	0.9	0.4	0.3	0.1	-51.9%
France	1.7	1.3	0.8	N/A	-31.4%
Others	3.2	3.0	4.5	1.4	-24.1%
Total	9.9	8.2	9.4	8.9	-3.5%

Top Suppliers of Refined Rapeseed Oil to the United Arab Emirates in 2022:

Canada (2289.0 tons)
Turkey (2126.5 tons)
India (361.7 tons)
United States (281.8 tons)
Spain (102.6 tons)
France (2.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refined rapeseed 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 10415600 - Refined rape, colza or mustard oil and their 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023