United Arab Emirates: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in the United Arab Emirates

In 2023, after two years of growth, there was significant decline in the market for palmitic acid, stearic acid, their salts and esters in the United Arab Emirates, when its value decreased by X% to $X. Over the period under review, consumption enjoyed a strong increase. Consumption of peaked at $X in 2022, and then reduced in the following year.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from the United Arab Emirates

In 2023, after two years of decline, there was significant growth in overseas shipments of palmitic acid, stearic acid, their salts and esters, when their volume increased by X% to X tons. Over the period under review, exports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2023. In general, exports saw a perceptible expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from the United Arab Emirates, with a X% share of total exports. Moreover, exports of palmitic acid, stearic acid, their salts and esters to Nigeria exceeded the volume sent to the second major destination, Ghana (X tons), tenfold. Tanzania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Nigeria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (X% per year) and Tanzania (X% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for palmitic acid, stearic acid, their salts and esters exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Nigeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (X% per year) and Tanzania (X% per year).

Export Prices by Country

In 2023, the average export price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2022, and then dropped in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into the United Arab Emirates

Imports of palmitic acid, stearic acid, their salts and esters into the United Arab Emirates rose to X tons in 2023, surging by X% against 2022. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of palmitic acid, stearic acid, their salts and esters declined to $X in 2023. In general, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports of reached the maximum at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, Malaysia (X tons) was the main supplier of palmitic acid, stearic acid, their salts and esters to the United Arab Emirates, accounting for a X% share of total imports. Moreover, imports of palmitic acid, stearic acid, their salts and esters from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Malaysia stood at X%.

In value terms, Malaysia ($X) constituted the largest supplier of palmitic acid, stearic acid, their salts and esters to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Malaysia amounted to X%.

Import Prices by Country

The average import price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Malaysia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform