GCC: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2025

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in GCC

In 2021, the GCC market for oleic, linoleic or linolenic acids, their salts and esters increased by 2% to $X, rising for the seventh consecutive year after two years of decline. In general, consumption showed strong growth. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in GCC

In value terms, oleic, linoleic or linolenic acids production declined modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 122%. The level of production peaked at $X in 2020, and then shrank in the following year.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports in GCC

In 2021, after two years of decline, there was significant growth in shipments abroad of oleic, linoleic or linolenic acids, their salts and esters, when their volume increased by 349% to X tons. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 627% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids exports surged to $X in 2021. Over the period under review, exports, however, showed a abrupt curtailment. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, resulting at X tons, which was approx. 97% of total exports in 2021. Saudi Arabia (X kg) followed a long way behind the leaders.

Exports from the United Arab Emirates decreased at an average annual rate of -14.4% from 2012 to 2021. Saudi Arabia (-5.3%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-1.7 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest oleic, linoleic or linolenic acids supplier in GCC, comprising 98% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 1.8% share of total exports.

In the United Arab Emirates, oleic, linoleic or linolenic acids exports shrank by an average annual rate of -13.5% over the period from 2012-2021.

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, rising by 2.6% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 78%. Over the period under review, the export prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.0%).

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports in GCC

In 2021, oleic, linoleic or linolenic acids imports in GCC surged to X tons, growing by 158% compared with 2020 figures. Over the period under review, imports, however, saw a abrupt slump. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids imports surged to $X in 2021. In general, imports, however, recorded a abrupt setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, resulting at X tons, which was near 94% of total imports in 2021. The following importers - Kuwait (X tons) and Oman (X tons) - together made up 5.5% of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -1.3% from 2012 to 2021. At the same time, Kuwait (+11.4%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +11.4% from 2012-2021. By contrast, Oman (-22.1%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+32 p.p.) and Kuwait (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Oman (-9.4 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported oleic, linoleic or linolenic acids, their salts and esters in GCC, comprising 91% of total imports. The second position in the ranking was held by Kuwait ($X), with a 5.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+11.0% per year) and Oman (-19.3% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, falling by -17.2% against the previous year. Over the period under review, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2013 an increase of 43%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform