Middle East: Margarine And Shortening Market 2025

Margarine And Shortening Market Size in the Middle East

The Middle Eastern margarine and shortening market shrank to $X in 2022, declining by -6.3% against the previous year. Overall, consumption recorded a slight slump. The growth pace was the most rapid in 2017 with an increase of 8.3% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Margarine And Shortening Production in the Middle East

In value terms, margarine and shortening production totaled $X in 2022 estimated in export price. In general, production, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2017 with an increase of 9.2% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Margarine And Shortening Exports

Exports in the Middle East

In 2022, approx. X tons of margarine and shortening were exported in the Middle East; with a decrease of -6.6% against 2021 figures. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 41%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, margarine and shortening exports rose notably to $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +118.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 95% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) represented the largest exporter of margarine and shortening, generating 79% of total exports. The United Arab Emirates (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Oman (5.5%). Saudi Arabia (X tons) took a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of +2.7% from 2012 to 2022. At the same time, Saudi Arabia (+18.2%) and the United Arab Emirates (+4.6%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +18.2% from 2012-2022. By contrast, Oman (-2.6%) illustrated a downward trend over the same period. Turkey (+2.4 p.p.) and the United Arab Emirates (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while Oman saw its share reduced by -3.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest margarine and shortening supplier in the Middle East, comprising 84% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.8% share of total exports. It was followed by Oman, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to +4.9%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+2.0% per year) and Oman (-3.3% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of 20% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, margarine and shortening export price increased by +72.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Turkey ($X per ton) and Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.2%), while the other leaders experienced a decline in the export price figures.

Margarine And Shortening Imports

Imports in the Middle East

In 2022, imports of margarine and shortening in the Middle East dropped sharply to X tons, which is down by -15.1% against the year before. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 24%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, margarine and shortening imports reduced to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 55%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Iraq (X tons) represented the key importer of margarine and shortening, generating 31% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 13% share, followed by Syrian Arab Republic (12%), Turkey (9.1%), Lebanon (8.8%), Israel (5.6%) and Jordan (4.5%).

Iraq experienced a relatively flat trend pattern with regard to volume of imports of margarine and shortening. At the same time, Israel (+15.8%), Lebanon (+10.9%), the United Arab Emirates (+8.1%), Turkey (+6.1%) and Jordan (+4.5%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +15.8% from 2012-2022. Syrian Arab Republic experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates, Lebanon, Israel, Turkey and Jordan increased by +7.2, +5.6, +4.3, +4 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iraq ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 53% share of total imports. Syrian Arab Republic, Israel, Lebanon and Jordan lagged somewhat behind, together comprising a further 31%.

Israel, with a CAGR of +13.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, flattening at the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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