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Middle East - Refined Soybean Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
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Middle East: Refined Soybean Oil Market Overview 2021

Refined Soybean Oil Market Size in the Middle East

In 2019, the Middle Eastern refined soybean oil market decreased by -X% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Refined Soybean Oil Production in the Middle East

In value terms, refined soybean oil production reduced to $X in 2019 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2017; however, from 2018 to 2019, production failed to regain the momentum.

Production By Country in the Middle East

The countries with the highest volumes of refined soybean oil production in 2019 were Iran (X tonnes), Saudi Arabia (X tonnes) and Iraq (X tonnes), together comprising X% of total production.

From 2007 to 2019, the most notable rate of growth in terms of refined soybean oil production, amongst the key producing countries, was attained by Saudi Arabia, while refined soybean oil production for the other leaders experienced more modest paces of growth.

Refined Soybean Oil Exports

Exports in the Middle East

In 2019, shipments abroad of refined soybean oil and its fractions increased by X% to X tonnes, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. The volume of export peaked at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, refined soybean oil exports reduced to $X in 2019. Over the period under review, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2012 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia represented the main exporter of refined soybean oil and its fractions in the Middle East, with the volume of exports amounting to X tonnes, which was approx. X% of total exports in 2019. It was distantly followed by the United Arab Emirates (X tonnes), making up a X% share of total exports. Palestine (X tonnes), Kuwait (X tonnes) and Turkey (X tonnes) followed a long way behind the leaders.

Saudi Arabia was also the fastest-growing in terms of the refined soybean oil and its fractions exports, with a CAGR of +X% from 2007 to 2019. At the same time, Palestine (+X%) displayed positive paces of growth. By contrast, the United Arab Emirates (-X%), Kuwait (-X%) and Turkey (-X%) illustrated a downward trend over the same period. Saudi Arabia (+X p.p.) and Palestine (+X p.p.) significantly strengthened its position in terms of the total exports, while Kuwait, Turkey and the United Arab Emirates saw its share reduced by -X%, -X% and -X% from 2007 to 2019, respectively.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Palestine ($X) were the countries with the highest levels of exports in 2019, together accounting for X% of total exports.

Among the main exporting countries, Saudi Arabia recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The refined soybean oil export price in the Middle East stood at $X per tonne in 2019, declining by -X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the export price increased by X% year-to-year. Over the period under review, export prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while Saudi Arabia ($X per tonne) was 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.

Refined Soybean Oil Imports

Imports in the Middle East

In 2019, overseas purchases of refined soybean oil and its fractions increased by X% to X tonnes, rising for the second consecutive year after two years of decline. In general, imports, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, refined soybean oil imports shrank to $X in 2019. Over the period under review, imports, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

Jordan (X tonnes) and Oman (X tonnes) represented roughly X% of total imports of refined soybean oil and its fractions in 2019. Kuwait (X tonnes) held the next position in the ranking, followed by the United Arab Emirates (X tonnes) and Palestine (X tonnes). All these countries together occupied approx. X% share of total imports. The following importers - Lebanon (X tonnes) and Israel (X tonnes) - each resulted at a X% share 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 the United Arab Emirates, while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest refined soybean oil importing markets in the Middle East were Jordan ($X), Oman ($X) and Kuwait ($X), with a combined X% share of total imports. The United Arab Emirates, Palestine, Lebanon and Israel lagged somewhat behind, together comprising a further X United Arab Emirates saw the highest rates of growth with regard to the value of imports, among 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

In 2019, the refined soybean oil import price in the Middle East amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum 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 Kuwait ($X per tonne) and Palestine ($X per tonne), while Jordan ($X per tonne) and Oman ($X per tonne) were amongst the lowest.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined soybean oil and its fractions in the the Middle East?
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The countries with the highest volumes of refined soybean oil consumption in 2019 were Iran (152K tonnes), Saudi Arabia (94K tonnes) and Iraq (64K tonnes), together accounting for 54% of total consumption. Turkey, Syrian Arab Republic, Yemen and Israel lagged somewhat behind, together comprising a further 31%.
What are the largest producers of refined soybean oil and its fractions in the the Middle East?
+
The countries with the highest volumes of refined soybean oil production in 2019 were Iran (152K tonnes), Saudi Arabia (108K tonnes) and Iraq (64K tonnes), with a combined 61% share of total production.
What are the leading suppliers of refined soybean oil and its fractions in the the Middle East?
+
In value terms, Saudi Arabia ($12M), the United Arab Emirates ($7.2M) and Palestine ($704K) constituted the countries with the highest levels of exports in 2019, with a combined 94% share of total exports.
What are the leading importers of refined soybean oil and its fractions in the the Middle East?
+
In value terms, Jordan ($14M), Oman ($12M) and Kuwait ($9.9M) constituted the countries with the highest levels of imports in 2019, with a combined 63% share of total imports. The United Arab Emirates, Palestine, Lebanon and Israel lagged somewhat behind, together accounting for a further 28%.
What is the average export price for refined soybean oil and its fractions in the the Middle East?
+
The refined soybean oil export price in the Middle East stood at $912 per tonne in 2019, dropping by -10.8% against the previous year.
What is the average import price for refined soybean oil and its fractions in the the Middle East?
+
In 2019, the refined soybean oil import price in the Middle East amounted to $977 per tonne, shrinking by -4.9% against the previous year.

Product coverage:
• Prodcom 10415100 - Refined soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined 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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