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Middle East - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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Middle East: Crude Soybean Oil Market Overview 2021

Crude Soybean Oil Market Size in the Middle East

The Middle Eastern crude soybean oil market expanded modestly to $X in 2019, picking up by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2012 to 2019, the growth of the market failed to regain the momentum.

Crude Soybean Oil Production in the Middle East

In value terms, crude soybean oil production rose remarkably to $X in 2019 estimated in export prices. The total production indicated a noticeable expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% y-o-y. The level of production peaked in 2019 and is expected to retain growth in the immediate term.

Production By Country in the Middle East

The countries with the highest volumes of crude soybean oil production in 2019 were Turkey (X tonnes), Iran (X tonnes) and Saudi Arabia (X tonnes), with a combined X% share of total production.

From 2007 to 2019, the biggest increases were in Iran, while crude soybean oil production for the other leaders experienced more modest paces of growth.

Crude Soybean Oil Exports

Exports in the Middle East

After three years of growth, overseas shipments of crude soybean oil decreased by -X% to X tonnes in 2019. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. The volume of export peaked at X tonnes in 2018, and then declined slightly in the following year.

In value terms, crude soybean oil exports declined modestly to $X in 2019. In general, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2019, exports remained at a lower figure.

Exports by Country

Turkey was the largest exporting country with an export of about X tonnes, which accounted for X% of total exports. It was distantly followed by Saudi Arabia (X tonnes), generating a X% share of total exports. The following exporters - Lebanon (X tonnes) and the United Arab Emirates (X tonnes) - together made up X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Lebanon, while exports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Saudi Arabia ($X) and Lebanon ($X) were the countries with the highest levels of exports in 2019, together comprising X% of total exports.

In terms of the main exporting countries, Lebanon recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the crude soybean oil export price in the Middle East amounted to $X per tonne, which is down by -X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2019, major exporting countries recorded the following prices: in the United Arab Emirates ($X per tonne) and Lebanon ($X per tonne), while Turkey ($X per tonne) and Saudi Arabia ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced mixed trends in the export price figures.

Crude Soybean Oil Imports

Imports in the Middle East

Crude soybean oil imports fell significantly to X tonnes in 2019, which is down by -X% compared with 2018. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. The volume of import peaked at X tonnes in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

In value terms, crude soybean oil imports fell rapidly to $X in 2019. Over the period under review, imports faced a deep reduction. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. The level of import peaked at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Iran (X tonnes) was the key importer of crude soybean oil, making up X% of total imports. The United Arab Emirates (X tonnes) ranks second in terms of the total imports with a X% share, followed by Iraq (X%), Jordan (X%), Saudi Arabia (X%) and Turkey (X%). Oman (X tonnes) held a minor share of total imports.

Imports into Iran decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Iraq (+X%), Saudi Arabia (+X%), Oman (+X%) and Jordan (+X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +X% from 2007-2019. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Turkey (-X%) illustrated a downward trend over the same period. Iraq (+X p.p.), Jordan (+X p.p.), the United Arab Emirates (+X p.p.), Saudi Arabia (+X p.p.), Oman (+X p.p.) and Turkey (+X p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, Iran ($X) constitutes the largest market for imported crude soybean oil in the Middle East, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Iraq, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Iran stood at -X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-X% per year) and Iraq (+X% per year).

Import Prices by Country

The crude soybean oil import price in the Middle East stood at $X per tonne in 2019, dropping by -X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Saudi Arabia ($X per tonne), while Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude soybean oil in the the Middle East?
+
The countries with the highest volumes of crude soybean oil consumption in 2019 were Turkey (399K tonnes), Iran (376K tonnes) and Saudi Arabia (226K tonnes), together comprising 60% of total consumption. These countries were followed by Iraq, Yemen, Syrian Arab Republic and Israel, which together accounted for a further 28%.
What are the largest producers of crude soybean oil in the the Middle East?
+
The countries with the highest volumes of crude soybean oil production in 2019 were Turkey (480K tonnes), Iran (274K tonnes) and Saudi Arabia (262K tonnes), together comprising 64% of total production.
What are the leading suppliers of crude soybean oil in the the Middle East?
+
In value terms, Turkey ($63M), Saudi Arabia ($37M) and Lebanon ($2.8M) appeared to be the countries with the highest levels of exports in 2019, with a combined 97% share of total exports.
What are the leading importers of crude soybean oil in the the Middle East?
+
In value terms, Iran ($69M) constitutes the largest market for imported crude soybean oil in the Middle East, comprising 47% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($18M), with a 12% share of total imports. It was followed by Iraq, with a 10% share.
What is the average export price for crude soybean oil in the the Middle East?
+
The crude soybean oil export price in the Middle East stood at $708 per tonne in 2019, shrinking by -1.7% against the previous year.
What is the average import price for crude soybean oil in the the Middle East?
+
The crude soybean oil import price in the Middle East stood at $703 per tonne in 2019, reducing by -4.4% against the previous year.

Product coverage:
• Prodcom 10412100 - Crude soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the crude soybean oil market in the Middle East. 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 2025.


Country coverage:
• Bahrain
• Jordan
• Lebanon
• Palestine
• Syrian Arab Republic
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the Middle East, split by region and country
• Trade (exports and imports) in the Middle East
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Bahrain
• Iran
• Iraq
• Israel
• Jordan
• Kuwait
• Lebanon
• Oman
• Palestine
• Qatar
• Saudi Arabia
• Syrian Arab Republic
• Turkey
• United Arab Emirates
• Yemen
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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