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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

In 2020, after four years of growth, there was significant decline in the Middle Eastern crude soybean oil market, when its value decreased by -X% to $X. The total consumption indicated a measured expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2019, and then declined in the following year.

Crude Soybean Oil Production in the Middle East

In value terms, crude soybean oil production reduced to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. The level of production peaked at $X in 2019, and then contracted slightly in the following year.

Production By Country in the Middle East

The countries with the highest volumes of crude soybean oil production in 2020 were Turkey (X tonnes), Iran (X tonnes) and Saudi Arabia (X tonnes), with a combined X% share of total production.

From 2007 to 2020, 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

In 2020, exports of crude soybean oil in the Middle East surged to X tonnes, jumping by X% against 2019. Overall, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. The volume of export peaked in 2020 and is likely to continue growth in the near future.

In value terms, crude soybean oil exports skyrocketed to $X in 2020. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. from 2011 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Turkey was the main exporting country with an export of about X tonnes, which amounted to X% of total exports. It was distantly followed by Saudi Arabia (X tonnes), mixing up a X% share of total exports. Lebanon (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to crude soybean oil exports from Turkey stood at +X%. At the same time, Lebanon (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2020. While the share of Turkey (+X p.p.) and Lebanon (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Saudi Arabia (-X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest crude soybean oil supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total exports.

In Turkey, crude soybean oil exports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Saudi Arabia (+X% per year) and Lebanon (+X% per year).

Export Prices by Country

In 2020, the crude soybean oil export price in the Middle East amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the export price increased by X% against the previous year. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was Saudi Arabia ($X per tonne), while Lebanon ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced a decline in the export price figures.

Crude Soybean Oil Imports

Imports in the Middle East

For the third year in a row, the Middle East recorded decline in purchases abroad of crude soybean oil, which decreased by -X% to X tonnes in 2020. In general, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. The volume of import peaked at X tonnes in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, crude soybean oil imports shrank notably to $X in 2020. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

Iran represented the main importer of crude soybean oil in the Middle East, with the volume of imports reaching X tonnes, which was approx. X% of total imports in 2020. Iraq (X tonnes) took the second position in the ranking, followed by Jordan (X tonnes). All these countries together held near X% share of total imports. Saudi Arabia (X tonnes), the United Arab Emirates (X tonnes), Kuwait (X tonnes) and Oman (X tonnes) took a minor share of total imports.

Imports into Iran decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Iraq (+X%), Jordan (+X%), Saudi Arabia (+X%) and Oman (+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 2007-2020. By contrast, the United Arab Emirates (-X%) and Kuwait (-X%) illustrated a downward trend over the same period. Iraq (+X p.p.), Jordan (+X p.p.), Saudi Arabia (+X p.p.), Oman (+X p.p.) and the United Arab Emirates (+X p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual growth rate of value in Iran amounted to -X%. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (+X% per year) and Jordan (+X% per year).

Import Prices by Country

The crude soybean oil import price in the Middle East stood at $X per tonne in 2020, surging by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the import price increased by X% against the previous year. The level of import peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Saudi Arabia ($X per tonne), while Oman ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox 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 2020 were Iran (368K tonnes), Turkey (324K tonnes) and Saudi Arabia (237K tonnes), with a combined 59% share of total consumption. Iraq, Yemen, Syrian Arab Republic and Israel lagged somewhat behind, together accounting 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 2020 were Turkey (531K tonnes), Iran (309K tonnes) and Saudi Arabia (265K tonnes), with a combined 64% share of total production.
What are the leading suppliers of crude soybean oil in the the Middle East?
+
In value terms, Turkey ($146M) remains the largest crude soybean oil supplier in the Middle East, comprising 82% of total exports. The second position in the ranking was occupied by Saudi Arabia ($25M), with a 14% share of total exports.
What are the leading importers of crude soybean oil in the the Middle East?
+
In value terms, Iran ($39M) constitutes the largest market for imported crude soybean oil in the Middle East, comprising 46% of total imports. The second position in the ranking was occupied by Iraq ($18M), with a 21% share of total imports. It was followed by Jordan, with a 16% share.
What is the average export price for crude soybean oil in the the Middle East?
+
In 2020, the crude soybean oil export price in the Middle East amounted to $715 per tonne, growing by 2.5% against the previous year.
What is the average import price for crude soybean oil in the the Middle East?
+
In 2020, the crude soybean oil import price in the Middle East amounted to $729 per tonne, rising by 2.6% 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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