United Arab Emirates: Oleo Oils Market 2022

Oleo Oils Market Size in the United Arab Emirates

In 2021, after nine years of growth, there was decline in the oleo oils market in the United Arab Emirates, when its value decreased by -X% to $X. In general, consumption, however, showed a resilient increase. Oleo oils consumption peaked at $X in 2020, and then fell in the following year.

Oleo Oils Production in the United Arab Emirates

In value terms, oleo oils production dropped slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Oleo oils production peaked at $X in 2020, and then dropped slightly in the following year.

Oleo Oils Exports

Exports from the United Arab Emirates

In 2021, approx. X tons of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil were exported from the United Arab Emirates; with a decrease of -X% on the year before. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, oleo oils exports rose rapidly to $X in 2021. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Kuwait (X tons) was the main destination for oleo oils exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, oleo oils exports to Kuwait exceeded the volume sent to the second major destination, Oman (X kg), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Kuwait stood at +X%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Oman stood at +X%.

Export Prices by Country

In 2021, the average oleo oils export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price saw a noticeable increase. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Oman ($X per ton), while the average price for exports to Kuwait totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+X%).

Oleo Oils Imports

Imports into the United Arab Emirates

In 2021, the amount of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil imported into the United Arab Emirates soared to X tons, with an increase of X% on 2020 figures. Over the period under review, imports, however, recorded a significant contraction. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, oleo oils imports rose to $X in 2021. Overall, imports, however, continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The UK (X tons), the United States (X tons) 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 2012 to 2021, the biggest increases were in the United States (with a CAGR of -X%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of oleo oils to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Italy (-X% per year).

Import Prices by Country

In 2021, the average oleo oils import price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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