Middle East: Rapeseed Oil Market 2024

Rapeseed Oil Market Size in the Middle East

The Middle Eastern rapeseed oil market reduced slightly to $X in 2022, waning by X% against the previous year. In general, consumption, however, continues to indicate a slight expansion. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Rapeseed Oil Production in the Middle East

In value terms, rapeseed oil production fell sharply to $X in 2022 estimated in export price. Overall, production, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Rapeseed Oil Exports

Exports in the Middle East

After three years of growth, overseas shipments of rapeseed oil decreased by X% to X tons in 2022. Total exports indicated notable growth 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. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank remarkably in the following year.

In value terms, rapeseed oil exports skyrocketed to $X in 2022. Overall, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The United Arab Emirates dominates exports structure, recording X tons, which was near X% of total exports in 2022. Turkey (X tons) followed a long way behind the leaders.

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

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

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate notable growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Rapeseed Oil Imports

Imports in the Middle East

In 2022, rapeseed oil imports in the Middle East soared to X tons, jumping by X% on the previous year. Over the period under review, imports recorded resilient growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, rapeseed oil imports soared to $X in 2022. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Israel represented the main importer of rapeseed oil in the Middle East, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Turkey (X tons) and the United Arab Emirates (X tons), together creating a X% share of total imports. The following importers - Saudi Arabia (X tons), Oman (X tons), Qatar (X tons) and Iran (X tons) - together made up X% of total imports.

Imports into Israel increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%), Qatar (X%), Oman (X%), the United Arab Emirates (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Israel (X p.p.), Qatar (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 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, increasing by X% against the previous year. Import price indicated notable growth from 2012 to 2022: its price 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, rapeseed oil import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($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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