MENA: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in MENA

The MENA's crude rapeseed oil market soared to $X in 2022, picking up by X% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2022: its value 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. Based on 2022 figures, consumption increased by X% against 2017 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Crude Rapeseed Oil Production in MENA

In value terms, crude rapeseed oil production rose rapidly to $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value 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. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Crude Rapeseed Oil Exports

Exports in MENA

In 2022, after three years of growth, there was significant decline in shipments abroad of crude rape, colza or mustard oil, when their volume decreased by X% to X tons. Total exports indicated a moderate increase from 2012 to 2022: its volume 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 was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank dramatically in the following year.

In value terms, crude rapeseed oil exports rose notably to $X in 2022. Overall, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The biggest shipments were from the United Arab Emirates (X tons), together finishing at X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the crude rape, colza or mustard oil 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 crude rapeseed oil supplier in MENA.

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

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated a notable increase 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. Based on 2022 figures, crude rapeseed oil export price increased by X% against 2018 indices. As a result, the export price reached 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.

Crude Rapeseed Oil Imports

Imports in MENA

In 2022, the amount of crude rape, colza or mustard oil imported in MENA skyrocketed to X tons, rising by X% on 2021 figures. Overall, imports showed a perceptible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, crude rapeseed oil imports surged to $X in 2022. Over the period under review, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey represented the largest importer of crude rape, colza or mustard oil in MENA, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Tunisia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Algeria (X%), Saudi Arabia (X%), Morocco (X%), the United Arab Emirates (X%) and Iran (X%).

Turkey was also the fastest-growing in terms of the crude rape, colza or mustard oil imports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%), the United Arab Emirates (X%) and Tunisia (X%) displayed positive paces of growth. By contrast, Algeria (X%), Morocco (X%) and Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Saudi Arabia, Morocco and the United Arab Emirates increased by X, X, X and X percentage points, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported crude rape, colza or mustard oil in MENA, comprising X% of total imports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

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

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a modest expansion 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. Based on 2022 figures, crude rapeseed oil import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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