United Arab Emirates: Oil Crops Market 2024

Oil Crops Market Size in the United Arab Emirates

The oil crops market in the United Arab Emirates skyrocketed to $X in 2022, growing by X% against the previous year. In general, consumption showed a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Oil Crops Production in the United Arab Emirates

In value terms, oil crops production skyrocketed to $X in 2022 estimated in export price. In general, production, however, posted significant growth. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

In 2022, the average yield of oil crops (primary) in the United Arab Emirates amounted to less than X kg per ha, standing approx. at 2021. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the oil crops harvested area in the United Arab Emirates stood at less than X ha, approximately equating the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Oil Crops Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of oil crops (primary) decreased by X% to X tons, falling for the second year in a row after five years of growth. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, oil crops exports contracted remarkably to $X in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X tons), Saudi Arabia (X tons) and China (X tons) were the main destinations of oil crops exports from the United Arab Emirates, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Iran ($X) remains the key foreign market for oil crops (primary) exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iran stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Oman (X% per year).

Export Prices by Country

The average oil crops export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price posted a notable increase. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into the United Arab Emirates

In 2022, the amount of oil crops (primary) imported into the United Arab Emirates rose rapidly to X tons, increasing by X% against 2021 figures. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, oil crops imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a strong expansion. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of oil crops to the United Arab Emirates, with a X% share of total imports. Moreover, oil crops imports from Australia exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. Brazil (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Brazil (X% per year).

In value terms, Australia ($X) constituted the largest supplier of oil crops (primary) to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Brazil (X% per year).

Import Prices by Country

The average oil crops import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oil crops import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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