Report Middle East - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 2, 2023

Middle East - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Middle East: Groundnut Oil Market 2023

Groundnut Oil Market Size in the Middle East

For the third year in a row, the Middle Eastern groundnut oil market recorded growth in sales value, which increased by 21% to $X in 2021. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Groundnut Oil Production in the Middle East

In value terms, groundnut oil production rose slightly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 42%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Groundnut Oil Exports

Exports in the Middle East

Groundnut oil exports surged to X tons in 2021, picking up by 43% against the year before. In general, exports, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2018 when exports increased by 138% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, groundnut oil exports declined remarkably to $X in 2021. Overall, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 94% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Iraq prevails in exports structure, amounting to X tons, which was approx. 92% of total exports in 2021. It was distantly followed by Turkey (X tons), creating a 4.6% share of total exports.

Iraq was also the fastest-growing in terms of the groundnut oil exports, with a CAGR of +102.5% from 2012 to 2021. At the same time, Turkey (+11.1%) displayed positive paces of growth. While the share of Iraq (+91 p.p.) and Turkey (+3.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iraq ($X) remains the largest groundnut oil supplier in the Middle East, comprising 82% of total exports. The second position in the ranking was held by Turkey ($X), with a 6.5% share of total exports.

In Iraq, groundnut oil exports increased at an average annual rate of +83.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, which is down by -47.7% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth was the most pronounced in 2020 an increase of 15%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while Iraq totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-4.4%).

Groundnut Oil Imports

Imports in the Middle East

In 2021, after three years of decline, there was significant growth in supplies from abroad of groundnut oil, when their volume increased by 7.5% to X tons. Overall, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 208%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, groundnut oil imports surged to $X in 2021. In general, imports recorded a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 218% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Yemen was the largest importing country with an import of about X tons, which reached 38% of total imports. The United Arab Emirates (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Syrian Arab Republic (15%), Kuwait (11%), Saudi Arabia (6.1%) and Qatar (4.8%). Israel (X tons) took a relatively small share of total imports.

Imports into Yemen increased at an average annual rate of +58.9% from 2012 to 2021. At the same time, Syrian Arab Republic (+71.9%), Kuwait (+36.1%), Israel (+26.3%), the United Arab Emirates (+24.9%) and Saudi Arabia (+8.4%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +71.9% from 2012-2021. By contrast, Qatar (-12.5%) illustrated a downward trend over the same period. Yemen (+36 p.p.), Syrian Arab Republic (+15 p.p.), the United Arab Emirates (+9.8 p.p.) and Kuwait (+8.6 p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia and Qatar saw its share reduced by -3.3% and -46% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Syrian Arab Republic ($X) and Kuwait ($X) were the countries with the highest levels of imports in 2021, together accounting for 58% of total imports.

In terms of the main importing countries, Syrian Arab Republic, with a CAGR of +49.4%, recorded the highest rates of growth with regard to 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 2021, the import price in the Middle East amounted to $X per ton, with an increase of 25% against the previous year. Over the period under review, the import price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2015 when the import price increased by 38%. Over the period under review, import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+7.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for groundnut oil in the the Middle East?
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Saudi Arabia constituted the country with the largest volume of groundnut oil consumption, accounting for 74% of total volume. Moreover, groundnut oil consumption in Saudi Arabia exceeded the figures recorded by the second-largest consumer, Iran, sevenfold. Lebanon ranked third in terms of total consumption with a 5.1% share.
What are the largest producers of groundnut oil in the the Middle East?
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Saudi Arabia remains the largest groundnut oil producing country in the Middle East, accounting for 66% of total volume. Moreover, groundnut oil production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Iraq, fourfold. Iran ranked third in terms of total production with a 10% share.
What are the leading suppliers of groundnut oil in the the Middle East?
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In value terms, Iraq remains the largest groundnut oil supplier in the Middle East, comprising 82% of total exports. The second position in the ranking was held by Turkey, with a 6.5% share of total exports.
What are the leading importers of groundnut oil in the the Middle East?
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In value terms, the largest groundnut oil importing markets in the Middle East were the United Arab Emirates, Syrian Arab Republic and Kuwait, together accounting for 58% of total imports.
What is the average export price for groundnut oil in the the Middle East?
+
The export price in the Middle East stood at $746 per ton in 2021, reducing by -47.7% against the previous year.
What is the average import price for groundnut oil in the the Middle East?
+
In 2021, the import price in the Middle East amounted to $1,692 per ton, jumping by 25% against the previous year.

This report provides an in-depth analysis of the groundnut 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 2030.


Product coverage:
• FCL 244 - Oil of Groundnuts
Country coverage:

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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

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 PRODUCT

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 2012–2022
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 2012–2022
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 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
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, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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