United Arab Emirates: Oleo Oils Market Overview 2021

Oleo Oils Market Size in the United Arab Emirates

The oleo oils market in the United Arab Emirates rose rapidly to $X in 2019, growing by X% against the previous year. Over the period under review, the total consumption indicated a pronounced increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2016 when the market value increased by X% against the previous year. Oleo oils consumption peaked in 2019 and is expected to retain growth in the near future.

Oleo Oils Production in the United Arab Emirates

In value terms, oleo oils production expanded rapidly to $X in 2019 estimated in export prices. Overall, the total production indicated a modest expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Oleo oils production peaked in 2019 and is likely to see steady growth in years to come.

Oleo Oils Exports

Exports from the United Arab Emirates

In 2019, overseas shipments of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil decreased by X% to X tonnes for the first time since 2016, thus ending a two-year declining trend. Overall, exports showed pronounced growth. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Exports peaked at X tonnes in 2016; however, from 2017 to 2019, exports remained at a lower figure.

In value terms, oleo oils exports amounted to $X in 2019. Over the period under review, exports showed a noticeable downturn. The pace of growth was the most pronounced in 2015 when exports increased by X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

Exports by Country

Qatar (X tonnes) was the main destination for oleo oils exports from the United Arab Emirates, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Qatar amounted to +X%.

In value terms, Qatar ($X) also remains the key foreign market for oleo oils exports from the United Arab Emirates.

From 2007 to 2019, the average annual growth rate of value to Qatar stood at +X%.

Export Prices by Country

The average oleo oils export price stood at $X per tonne in 2019, remaining constant against the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

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

From 2007 to 2019, the rate of growth in terms of prices for Qatar amounted to -X% per year.

Oleo Oils Imports

Imports into the United Arab Emirates

In 2019, the amount of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil imported into the United Arab Emirates shrank dramatically to X tonnes, falling by -X% on 2018 figures. Overall, imports faced a sharp downturn. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2010; however, from 2011 to 2019, imports remained at a lower figure.

In value terms, oleo oils imports reduced to $X in 2019. In general, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Imports peaked at $X in 2010; however, from 2011 to 2019, imports failed to regain the momentum.

Imports by Country

The U.S. (X kg), the UK (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 2019, the biggest increases were in Italy, while purchases for the other leaders experienced mixed trend patterns.

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

From 2007 to 2019, the average annual growth rate of value from the U.S. 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 2019, the average oleo oils import price amounted to $X per tonne, rising by X% against the previous year. Overall, the import price showed a strong expansion. The growth pace was the most rapid in 2008 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, 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. ($X per tonne), while the price for the UK ($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 U.S., 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 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 2019 were China (5.6M tonnes), the U.S. (2.8M tonnes) and India (2.3M tonnes), with a combined 27% share of global consumption. Japan, Germany, Russia, Pakistan, Brazil, Bangladesh, Indonesia, France, Mexico and Nigeria lagged somewhat behind, together accounting for a further 30%.

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 2019 were China (5.6M tonnes), the U.S. (2.8M tonnes) and India (2.3M tonnes), with a combined 28% share of global production. Japan, Germany, Russia, Pakistan, Brazil, Bangladesh, Indonesia, France, Mexico and Nigeria lagged somewhat behind, together comprising a further 30%.

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. ($3K) constituted the largest supplier of oleo oils to the United Arab Emirates, comprising 75% of total imports. The second position in the ranking was occupied by the UK ($687), with a 17% 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, Qatar ($29K) remains the key foreign market for oleo oils exports from the United Arab Emirates.

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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The average oleo oils export price stood at $1,316 per tonne in 2019, flattening 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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The average oleo oils import price stood at $1,947 per tonne in 2019, increasing by 4.4% against the previous year.