MENA: Oil Crops Market 2024

Oil Crops Market Size in MENA

The MENA's oil crops market expanded modestly to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Oil Crops Production in MENA

In value terms, oil crops production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of oil crops production was Turkey (X tons), comprising approx. X% of total volume. Moreover, oil crops production in Turkey exceeded the figures recorded by the second-largest producer, Iran (X tons), sixfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

In Turkey, oil crops production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and the United Arab Emirates (X% per year).

The average oil crops yield reached X tons per ha in 2022, flattening at 2021 figures. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the oil crops yield attained the peak level at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oil crops (primary) production in MENA reduced modestly to X ha, which is down by X% against the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha, and then shrank modestly in the following year.

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Oil Crops Exports

Exports in MENA

In 2022, overseas shipments of oil crops (primary) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, oil crops exports declined to $X in 2022. In general, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

In 2022, Turkey (X tons) represented the largest exporter of oil crops (primary), constituting X% of total exports. It was distantly followed by the United Arab Emirates (X tons) and Egypt (X tons), together generating a X% share of total exports. Israel (X tons) held a minor share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Egypt (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Israel (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and the United Arab Emirates increased by X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest oil crops supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, oil crops exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a mild decrease. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Oil Crops Imports

Imports in MENA

In 2022, after eight years of growth, there was decline in purchases abroad of oil crops (primary), when their volume decreased by X% to X tons. Overall, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of X%. The volume of import peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, oil crops imports rose remarkably to $X in 2022. Total imports indicated a remarkable increase 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, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Egypt represented the major importing country with an import of around X tons, which finished at X% of total imports. Turkey (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Iran (X%), the United Arab Emirates (X%), Algeria (X%) and Saudi Arabia (X%). Tunisia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Algeria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Egypt ($X) and Iran ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The United Arab Emirates, Saudi Arabia, Algeria and Tunisia lagged somewhat behind, together comprising a further X%.

Algeria, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, saw a perceptible slump. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Egypt ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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