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Saudi Arabia - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil And Tallow Oil - Market Analysis, Forecast, Size, Trends And Insights
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Saudi Arabia: Oleo Oils Market Overview 2021

Oleo Oils Market Size in Saudi Arabia

In 2020, the Saudi oleo oils market increased by X% to $X, rising for the second year in a row after seven years of decline. Over the period under review, consumption, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Oleo oils consumption peaked at $X in 2011; however, from 2012 to 2020, consumption failed to regain the momentum.

Oleo Oils Exports

Exports from Saudi Arabia

After three years of decline, shipments abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil decreased by X% to X kg in 2020. In general, exports saw a sharp descent. As a result, exports reached the peak of X tonnes. From 2009 to 2020, the growth exports remained at a lower figure.

In value terms, oleo oils exports amounted to $X in 2020. Over the period under review, exports showed a dramatic decline. As a result, exports reached the peak of $X. From 2009 to 2020, the growth exports remained at a lower figure.

Exports by Country

Ethiopia (X tonnes) was the main destination for oleo oils exports from Saudi Arabia, accounting for a approx. X% share of total exports.

From 2007 to 2017, the average annual growth rate of volume to Ethiopia was relatively modest.

From 2007 to 2017, the average annual growth rate of value to Ethiopia was relatively modest.

Export Prices by Country

In 2017, the average oleo oils export price amounted to $X per tonne, remaining relatively unchanged against the previous year. In general, the export price saw a perceptible decline. As a result, export price attained the peak level of $X per tonne. From 2009 to 2017, the growth in terms of the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ethiopia.

From 2007 to 2017, the rate of growth in terms of prices for Ethiopia amounted to X% per year.

Oleo Oils Imports

Imports into Saudi Arabia

In 2020, overseas purchases of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil increased by X% to X tonnes, rising for the second consecutive year after six years of decline. Over the period under review, imports posted resilient growth. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Imports peaked at X tonnes in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, oleo oils imports totaled $X in 2020. In general, imports continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2012 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Malaysia (X tonnes) constituted the largest supplier of oleo oils to Saudi Arabia, accounting for a X% share of total imports. Moreover, oleo oils imports from Malaysia exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), sixfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Malaysia amounted to +X%.

In value terms, the largest oleo oils suppliers to Saudi Arabia were Malaysia ($X) and the U.S. ($X), with a combined X% share of total imports.

The U.S. saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2020, the average oleo oils import price amounted to $X per tonne, standing approx. at the previous year. In general, the import price, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. The import price peaked at $X per tonne in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Malaysia stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the world?
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The countries with the highest volumes of oleo oils consumption in 2020 were Ireland (75K tonnes), the U.S. (44K tonnes) and the UK (35K tonnes), together accounting for 53% of global consumption. These countries were followed by Malaysia, Sudan, Belgium and Egypt, which together accounted for a further 34%.
What are the largest producers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the world?
+
The countries with the highest volumes of oleo oils production in 2020 were the UK (90K tonnes), Ireland (72K tonnes) and the U.S. (54K tonnes), together accounting for 74% of global production.
What are the leading suppliers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to Saudi Arabia?
+
In value terms, Malaysia ($40K) and the U.S. ($30K) constituted the largest oleo oils suppliers to Saudi Arabia, with a combined 100% share of total imports.
What is the average export price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Saudi Arabia?
+
The average oleo oils export price stood at $2,800 per tonne in 2017, almost unchanged from the previous year.
What is the average import price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Saudi Arabia?
+
The average oleo oils import price stood at $911 per tonne in 2020, flattening at the previous year.

Product coverage:
• Prodcom 10411100 - Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil (excluding emulsified, mixed or otherwise prepared)

This report provides an in-depth analysis of the oleo oils market in Saudi Arabia. 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:
• Saudi Arabia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Saudi Arabia
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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