Middle East: Oil Crops Market 2024

Oil Crops Market Size in the Middle East

The Middle Eastern oil crops market was estimated at $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Oil Crops Production in the Middle East

In value terms, oil crops production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Turkey (X tons) remains the largest oil crops producing country in the Middle East, accounting for X% of total volume. Moreover, oil crops production in Turkey exceeded the figures recorded by the second-largest producer, Iran (X tons), sixfold. The United Arab Emirates (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2022, the average annual growth rate of volume in Turkey amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Iran (X% per year) and the United Arab Emirates (X% per year).

In 2022, the average yield of oil crops (primary) in the Middle East reduced to X tons per ha, approximately reflecting 2021 figures. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. The level of yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oil crops (primary) production in the Middle East fell to X ha, waning by X% against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha, and then dropped in the following year.

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Oil Crops Exports

Exports in the Middle East

In 2022, after three years of growth, there was significant decline in shipments abroad of oil crops (primary), when their volume decreased by X% to X tons. In general, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. The volume of export peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, oil crops exports shrank to $X in 2022. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

In 2022, Turkey (X tons) was the largest exporter of oil crops (primary), creating X% of total exports. It was distantly followed by the United Arab Emirates (X tons), comprising an X% share of total exports. Israel (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to oil crops exports from Turkey stood at X%. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Israel (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates and Turkey increased by X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest oil crops supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, recorded a noticeable curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, 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 Israel (X%), while the other leaders experienced mixed trends in the export price figures.

Oil Crops Imports

Imports in the Middle East

Oil crops imports rose sharply to X tons in 2022, picking up by X% compared with the previous year's figure. Total imports indicated a remarkable increase from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, oil crops imports surged to $X in 2022. Total imports indicated a buoyant expansion 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, imports increased by X% against 2012 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Turkey represented the key importer of oil crops (primary) in the Middle East, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Iran (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons) and Saudi Arabia (X tons). All these countries together took near X% share of total imports. Israel (X tons) held a minor share of total imports.

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

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

In Turkey, oil crops imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

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 ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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