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Middle East - Margarine And Shortening - Market Analysis, Forecast, Size, Trends and Insights
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Middle East: Margarine And Shortening Market Overview 2020

Margarine And Shortening Market Size in the Middle East

In 2019, the Middle Eastern margarine and shortening market decreased by -X% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2012 to 2019, the growth of the market remained at a somewhat lower figure.

Margarine And Shortening Production in the Middle East

In value terms, margarine and shortening production reduced to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. The level of production peaked at $X in 2011; however, from 2012 to 2019, production stood at a somewhat lower figure.

Production By Country in the Middle East

Turkey (X tonnes) constituted the country with the largest volume of margarine and shortening production, accounting for X% of total volume. Moreover, margarine and shortening production in Turkey exceeded the figures recorded by the second-largest producer, Israel (X tonnes), more than tenfold. Iran (X tonnes) ranked third in terms of total production with a X% share.

In Turkey, margarine and shortening production increased at an average annual rate of +X% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: Israel (+X% per year) and Iran (+X% per year).

Margarine And Shortening Exports

Exports in the Middle East

In 2019, overseas shipments of margarine and shortening decreased by -X% to X tonnes, falling for the third consecutive year after four years of growth. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked at X tonnes in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

In value terms, margarine and shortening exports dropped to $X in 2019. Overall, exports 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. The level of export peaked at $X in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

Exports by Country

Turkey dominates margarine and shortening exports structure, accounting for X tonnes, which was near X% of total exports in 2019. The United Arab Emirates (X tonnes) occupied the second position in the ranking, followed by Oman (X tonnes). All these countries together occupied near X% share of total exports. The following exporters - Saudi Arabia (X tonnes) and Yemen (X tonnes) - each accounted for a X% share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of margarine and shortening. At the same time, Saudi Arabia (+X%) and Oman (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2019. By contrast, Yemen (-X%) and the United Arab Emirates (-X%) illustrated a downward trend over the same period. Turkey (+X p.p.), Oman (+X p.p.) and Saudi Arabia (+X p.p.) significantly strengthened its position in terms of the total exports, while Yemen and the United Arab Emirates saw its share reduced by -X% and -X% from 2007 to 2019, respectively.

In value terms, Turkey ($X) remains the largest margarine and shortening supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

In Turkey, margarine and shortening exports remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: the United Arab Emirates (-X% per year) and Oman (+X% per year).

Export Prices by Country

In 2019, the margarine and shortening export price in the Middle East amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. 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 somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Yemen ($X per tonne), while Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Yemen, while the other leaders experienced more modest paces of growth.

Margarine And Shortening Imports

Imports in the Middle East

In 2019, after two years of decline, there was significant growth in purchases abroad of margarine and shortening, when their volume increased by X% to X tonnes. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. The volume of import peaked at X tonnes in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, margarine and shortening imports amounted to $X in 2019. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Iraq (X tonnes), distantly followed by Saudi Arabia (X tonnes), Syrian Arab Republic (X tonnes), Turkey (X tonnes), Iran (X tonnes), the United Arab Emirates (X tonnes) and Lebanon (X tonnes) were the major importers of margarine and shortening, together achieving X% of total imports.

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

In value terms, the largest margarine and shortening importing markets in the Middle East were Iraq ($X), Saudi Arabia ($X) and Turkey ($X), with a combined X% share of total imports. Syrian Arab Republic, Iran, the United Arab Emirates and Lebanon lagged somewhat behind, together comprising a further X recorded 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 margarine and shortening import price in the Middle East stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2019, major importing countries recorded the following prices: in the United Arab Emirates ($X per tonne) and Iran ($X per tonne), while Iraq ($X per tonne) and Syrian Arab Republic ($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 more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for margarine and shortening in the the Middle East?
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The country with the largest volume of margarine and shortening consumption was Turkey (700K tonnes), comprising approx. 65% of total volume. Moreover, margarine and shortening consumption in Turkey exceeded the figures recorded by the second-largest consumer, Iraq (119K tonnes), sixfold. Saudi Arabia (52K tonnes) ranked third in terms of total consumption with a 4.8% share.
What are the largest producers of margarine and shortening in the the Middle East?
+
Turkey (784K tonnes) constituted the country with the largest volume of margarine and shortening production, accounting for 90% of total volume. Moreover, margarine and shortening production in Turkey exceeded the figures recorded by the second-largest producer, Israel (32K tonnes), more than tenfold. Iran (27K tonnes) ranked third in terms of total production with a 3.1% share.
What are the leading suppliers of margarine and shortening in the the Middle East?
+
In value terms, Turkey ($113M) remains the largest margarine and shortening supplier in the Middle East, comprising 73% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($18M), with a 12% share of total exports. It was followed by Oman, with a 7.4% share.
What are the leading importers of margarine and shortening in the the Middle East?
+
In value terms, the largest margarine and shortening importing markets in the Middle East were Iraq ($99M), Saudi Arabia ($66M) and Turkey ($45M), together comprising 53% of total imports. These countries were followed by Syrian Arab Republic, Iran, the United Arab Emirates and Lebanon, which together accounted for a further 31%.
What is the average export price for margarine and shortening in the the Middle East?
+
The margarine and shortening export price in the Middle East stood at $990 per tonne in 2019, falling by -7.4% against the previous year.
What is the average import price for margarine and shortening in the the Middle East?
+
The margarine and shortening import price in the Middle East stood at $1,084 per tonne in 2019, declining by -1.6% against the previous year.

Product coverage:
• FCL 1242 - Margarine and Shortening

This report provides an in-depth analysis of the margarine and shortening 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:

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 2007–2019
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 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
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, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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