United Arab Emirates: Crude Palm Oil Market Overview 2021

Crude Palm Oil Market Size in the United Arab Emirates

For the fourth consecutive year, the crude palm oil market in the United Arab Emirates recorded growth in sales value, which increased by X% to $X in 2019. In general, consumption recorded noticeable growth. The growth pace was the most rapid in 2016 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level in 2019 and is expected to retain growth in the immediate term.

Crude Palm Oil Production in the United Arab Emirates

In value terms, crude palm oil production totaled $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Crude palm oil production peaked at $X in 2011; however, from 2012 to 2019, production failed to regain the momentum.

Crude Palm Oil Exports

Exports from the United Arab Emirates

In 2019, shipments abroad of crude palm oil was finally on the rise to reach X tonnes for the first time since 2015, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2016 to 2019, the growth exports remained at a lower figure.

In value terms, crude palm oil exports dropped to $X in 2019. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

Exports by Country

Qatar (X tonnes), Mozambique (X tonnes) and Kyrgyzstan (X tonnes) were the main destinations of crude palm oil exports from the United Arab Emirates, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mozambique, while exports for the other leaders experienced mixed trend patterns.

In value terms, Qatar ($X), Mozambique ($X) and Kyrgyzstan ($X) constituted the largest markets for crude palm oil exported from the United Arab Emirates worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Qatar recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average crude palm oil export price stood at $X per tonne in 2019, waning by -X% against the previous year. In general, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2016 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 2008; however, from 2009 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Qatar ($X per tonne), while the average price for exports to Kyrgyzstan ($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 Qatar, while the prices for the other major destinations experienced a decline.

Crude Palm Oil Imports

Imports into the United Arab Emirates

Crude palm oil imports into the United Arab Emirates reached X tonnes in 2019, approximately equating the previous year. Overall, imports, however, continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2014 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

In value terms, crude palm oil imports fell to $X in 2019. In general, imports, however, faced a precipitous slump. The growth pace was the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

Indonesia (X tonnes), Saudi Arabia (X tonnes) and Malaysia (X tonnes) were the main suppliers of crude palm oil imports to the United Arab Emirates, with a combined X% share of total imports. These countries were followed by Spain, Nigeria and Qatar, which together accounted for a further X 2007 to 2019, the biggest increases were in Spain (+X% per year), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest crude palm oil suppliers to the United Arab Emirates were Saudi Arabia ($X), Indonesia ($X) and Malaysia ($X), together accounting for X% of total imports. These countries were followed by Spain, Qatar and Nigeria, which together accounted for a further X the main suppliers, Spain (+X% per year) 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 a decline.

Import Prices by Country

The average crude palm oil import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Over the period under review, the import price recorded a pronounced curtailment. The growth pace was the most rapid in 2010 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in the world?

+

The country with the largest volume of crude palm oil consumption was Indonesia (36M tonnes), accounting for 46% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia (17M tonnes), twofold. The third position in this ranking was occupied by India (6.6M tonnes), with a 8.5% share.

What are the largest producers of crude palm oil in the world?

+

Indonesia (44M tonnes) constituted the country with the largest volume of crude palm oil production, comprising approx. 58% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (20M tonnes), twofold. Thailand (3M tonnes) ranked third in terms of total production with a 4% share.

What are the leading suppliers of crude palm oil to the United Arab Emirates?

+

In value terms, Saudi Arabia ($1.9K), Indonesia ($1.4K) and Malaysia ($488) were the largest crude palm oil suppliers to the United Arab Emirates, with a combined 89% share of total imports. Spain, Qatar and Nigeria lagged somewhat behind, together accounting for a further 9.7%.

What are the leading importers of crude palm oil from the United Arab Emirates?

+

In value terms, the largest markets for crude palm oil exported from the United Arab Emirates were Qatar ($804K), Mozambique ($420K) and Kyrgyzstan ($12K), with a combined 93% share of total exports.

What is the average export price for crude palm oil in the United Arab Emirates?

+

The average crude palm oil export price stood at $531 per tonne in 2019, shrinking by -6.9% against the previous year.

What is the average import price for crude palm oil in the United Arab Emirates?

+

In 2019, the average crude palm oil import price amounted to $796 per tonne, falling by -9.3% against the previous year.