Saudi Arabia: Margarine And Shortening Market Overview 2021

Margarine And Shortening Market Size in Saudi Arabia

In 2019, the Saudi margarine and shortening market decreased by -X% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption, however, posted a measured increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.

Margarine And Shortening Exports

Exports from Saudi Arabia

In 2019, overseas shipments of margarine and shortening increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Exports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, margarine and shortening exports declined to $X in 2019. In general, exports continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2015 to 2019, the growth exports remained at a lower figure.

Exports by Country

Jordan (X tonnes) was the main destination for margarine and shortening exports from Saudi Arabia, accounting for a X% share of total exports. It was followed by Malaysia (X tonnes), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Jordan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and the United Arab Emirates (-X% per year).

In value terms, Jordan ($X) remains the key foreign market for margarine and shortening exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Jordan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2019, the average margarine and shortening export price amounted to $X per tonne, which is down by -X% against the previous year. In general, the export price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced mixed trend patterns.

Margarine And Shortening Imports

Imports into Saudi Arabia

In 2019, purchases abroad of margarine and shortening decreased by -X% to X tonnes, falling for the second year in a row after four years of growth. Overall, imports, however, posted a notable increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, margarine and shortening imports declined rapidly to $X in 2019. In general, imports, however, enjoyed notable growth. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2016; however, from 2017 to 2019, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tonnes), Malaysia (X tonnes) and Spain (X tonnes) were the main suppliers of margarine and shortening imports to Saudi Arabia, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in the United Arab Emirates (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest margarine and shortening suppliers to Saudi Arabia were the United Arab Emirates ($X), Spain ($X) and Malaysia ($X), together comprising X% of total imports.

In terms of the main suppliers, the United Arab Emirates recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average margarine and shortening import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for margarine and shortening in the world?

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The U.S. (4.1M tonnes) constituted the country with the largest volume of margarine and shortening consumption, comprising approx. 25% of total volume. Moreover, margarine and shortening consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Pakistan (1.9M tonnes), twofold. Brazil (1.1M tonnes) ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of margarine and shortening in the world?

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The U.S. (4.2M tonnes) remains the largest margarine and shortening producing country worldwide, comprising approx. 25% of total volume. Moreover, margarine and shortening production in the U.S. exceeded the figures recorded by the second-largest producer, Pakistan (1.8M tonnes), twofold. The third position in this ranking was occupied by Indonesia (1.1M tonnes), with a 6.6% share.

What are the leading suppliers of margarine and shortening to Saudi Arabia?

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In value terms, the largest margarine and shortening suppliers to Saudi Arabia were the United Arab Emirates ($9.6M), Spain ($4.8M) and Malaysia ($4.8M), together accounting for 61% of total imports.

What are the leading importers of margarine and shortening from Saudi Arabia?

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In value terms, Jordan ($1.9M) remains the key foreign market for margarine and shortening exports from Saudi Arabia, comprising 89% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($145K), with a 6.8% share of total exports.

What is the average export price for margarine and shortening in Saudi Arabia?

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In 2019, the average margarine and shortening export price amounted to $1,168 per tonne, which is down by -7.9% against the previous year.

What is the average import price for margarine and shortening in Saudi Arabia?

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In 2019, the average margarine and shortening import price amounted to $1,200 per tonne, waning by -3.7% against the previous year.