MENA: 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 MENA

In 2022, the MENA's market for oleic, linoleic or linolenic acids, their salts and esters increased by X% to $X, rising for the eighth consecutive year after two years of decline. The total consumption indicated noticeable 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, consumption increased by X% against 2014 indices. 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 MENA

In value terms, oleic, linoleic or linolenic acids production amounted to $X in 2022 estimated in export price. The total production indicated perceptible 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 2015 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports in MENA

Oleic, linoleic or linolenic acids exports skyrocketed to X tons in 2022, growing by X% against 2021. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids exports soared to $X in 2022. Overall, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Egypt (X tons), mixing up a X% share of total exports. The United Arab Emirates (X tons) held a little share of total exports.

Turkey 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 United Arab Emirates (X%) and Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Egypt increased by X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest oleic, linoleic or linolenic acids supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($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%).

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

Imports in MENA

In 2022, the amount of oleic, linoleic or linolenic acids, their salts and esters imported in MENA expanded modestly to X tons, rising by X% compared with the year before. Overall, imports, however, continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. 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 surged to $X in 2022. Over the period under review, imports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) and Turkey (X tons) represented the key importers of oleic, linoleic or linolenic acids, their salts and esters in MENA, together accounting for near X% of total imports. Iran (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Egypt (X%) and Israel (X%). The following importers - Kuwait (X tons) and Morocco (X tons) - each reached a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iran ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Egypt, Israel, Kuwait and Morocco lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 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 the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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