United Arab Emirates: Oleo Oils Market Overview 2021

Oleo Oils Market Size in the United Arab Emirates

In 2020, the oleo oils market in the United Arab Emirates increased by X% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption recorded significant growth. The pace of growth was the most pronounced in 2009 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. from 2010 to 2020, the growth of the market remained at a lower figure.

Oleo Oils Production in the United Arab Emirates

In value terms, oleo oils production rose modestly to $X in 2020 estimated in export prices. Over the period under review, the total production indicated prominent growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2009 when the production volume increased by X% y-o-y. Oleo oils production peaked at $X in 2010; however, from 2011 to 2020, production remained at a lower figure.

Oleo Oils Exports

Exports from the United Arab Emirates

In 2020, oleo oils exports from the United Arab Emirates fell to X tonnes, shrinking by -X% against 2019. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, oleo oils exports fell slightly to $X in 2020. Overall, exports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Oman (X tonnes) and Kuwait (X tonnes) were the main destinations of oleo oils exports from the United Arab Emirates.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (+X% per year).

In value terms, Oman ($X) remains the key foreign market for oleo oils exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was occupied by Kuwait ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Oman totaled +X%.

Export Prices by Country

The average oleo oils export price stood at $X per tonne in 2020, stabilizing at the previous year. Over the period under review, the export price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2010; however, from 2011 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Oman ($X per tonne), while the average price for exports to Kuwait totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Oman.

Oleo Oils Imports

Imports into the United Arab Emirates

In 2020, the amount of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil imported into the United Arab Emirates fell rapidly to X tonnes, with a decrease of -X% against the year before. Overall, imports saw a dramatic curtailment. The growth pace was the most rapid in 2009 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. from 2010 to 2020, the growth imports remained at a lower figure.

In value terms, oleo oils imports reduced to $X in 2020. In general, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2010 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

The UK (X kg), the U.S. (X kg) and Italy (X kg) were the main suppliers of oleo oils imports to the United Arab Emirates, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy, while imports for the other leaders experienced mixed trend patterns.

In value terms, the U.S. ($X), Italy ($X) and the UK ($X) appeared to be the largest oleo oils suppliers to the United Arab Emirates, together comprising X% of total imports.

Among the main suppliers, Italy saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average oleo oils import price amounted to $X per tonne, with an increase of X% against the previous year. Overall, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced a decline.

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), with a combined 53% share of global consumption. Malaysia, Sudan, Belgium and Egypt lagged somewhat behind, together comprising a further 34%.

What are the largest producers of 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 production in 2020 were the UK (90K tonnes), Ireland (72K tonnes) and the U.S. (54K tonnes), with a combined 74% share of global production.

What are the leading suppliers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to the United Arab Emirates?

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In value terms, the U.S. ($1.4K), Italy ($1.2K) and the UK ($890) constituted the largest oleo oils suppliers to the United Arab Emirates, with a combined 100% share of total imports.

What are the leading importers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil from the United Arab Emirates?

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In value terms, Oman ($28K) remains the key foreign market for oleo oils exports from the United Arab Emirates, comprising 91% of total exports. The second position in the ranking was occupied by Kuwait ($2.7K), with a 9% share of total exports.

What is the average export price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the United Arab Emirates?

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In 2020, the average oleo oils export price amounted to $1,182 per tonne, leveling off at the previous year.

What is the average import price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the United Arab Emirates?

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In 2020, the average oleo oils import price amounted to $2,362 per tonne, with an increase of 7.6% against the previous year.