United Arab Emirates: Rapeseed Oil Market 2022

Rapeseed Oil Market Size in the United Arab Emirates

In 2021, the rapeseed oil market in the United Arab Emirates decreased by -X% to $X, falling for the sixth consecutive year after four years of growth. Over the period under review, consumption continues to indicate a abrupt contraction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Rapeseed Oil Production in the United Arab Emirates

In value terms, rapeseed oil production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2020 with an increase of X%. Rapeseed oil production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Rapeseed Oil Exports

Exports from the United Arab Emirates

After two years of growth, shipments abroad of rapeseed oil decreased by -X% to X tons in 2021. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, rapeseed oil exports contracted to $X in 2021. Overall, exports continue to indicate a mild decline. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

China (X tons) was the main destination for rapeseed oil exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, rapeseed oil exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), fivefold. India (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and India (-X% per year).

In value terms, China ($X) remains the key foreign market for rapeseed oil exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by India, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and India (-X% per year).

Export Prices by Country

In 2021, the average rapeseed oil export price amounted to $X per ton, declining by -X% against the previous year. Overall, the export price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+X%), while the prices for the other major destinations experienced a decline.

Rapeseed Oil Imports

Imports into the United Arab Emirates

In 2021, supplies from abroad of rapeseed oil was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, rapeseed oil imports rose rapidly to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Canada (X tons), India (X tons) and Belgium (X tons) were the main suppliers of rapeseed oil imports to the United Arab Emirates, together accounting for X% of total imports. These countries were followed by France, the United States, Malaysia and Spain, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), India ($X) and Belgium ($X) were the largest rapeseed oil suppliers to the United Arab Emirates, together accounting for X% of total imports. These countries were followed by France, Malaysia, the United States and Spain, which together accounted for a further X the main suppliers, Spain, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average rapeseed oil import price amounted to $X per ton, which is down by -X% against the previous year. Overall, the import price recorded a noticeable reduction. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

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