GCC: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in GCC

The GCC market for oleic, linoleic or linolenic acids, their salts and esters expanded markedly to $X in 2022, with an increase of X% against the previous year. Overall, consumption continues to indicate a prominent expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in GCC

In value terms, oleic, linoleic or linolenic acids production declined modestly to $X in 2022 estimated in export price. Overall, production showed strong growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports in GCC

In 2022, oleic, linoleic or linolenic acids exports in GCC contracted dramatically to X tons, dropping by X% compared with the previous year's figure. In general, exports faced a deep contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, oleic, linoleic or linolenic acids exports shrank to $X in 2022. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) represented roughly X% of total exports in 2022.

The United Arab Emirates was also the fastest-growing in terms of the oleic, linoleic or linolenic acids, their salts and esters exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest oleic, linoleic or linolenic acids supplier in GCC.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a moderate increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports in GCC

In 2022, overseas purchases of oleic, linoleic or linolenic acids, their salts and esters increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports, however, recorded a perceptible slump. The growth pace was the most rapid in 2019 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids imports soared to $X in 2022. Overall, imports, however, recorded a mild decrease. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Kuwait (X tons), creating a X% share of total imports. Oman (X tons) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of oleic, linoleic or linolenic acids, their salts and esters. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Oman (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Oman saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported oleic, linoleic or linolenic acids, their salts and esters in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, rising by X% against the previous year. Import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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