Middle East: 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 the Middle East

In 2021, the Middle Eastern market for oleic, linoleic or linolenic acids, their salts and esters increased by 3.9% to $X, rising for the seventh consecutive year after two years of decline. In general, consumption saw buoyant growth. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in the Middle East

In value terms, oleic, linoleic or linolenic acids production dropped modestly to $X in 2021 estimated in export price. Overall, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 33% against the previous year. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

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

Exports in the Middle East

In 2021, overseas shipments of oleic, linoleic or linolenic acids, their salts and esters decreased by -47% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 301% against the previous year. The volume of export peaked at X tons in 2020, and then shrank markedly in the following year.

In value terms, oleic, linoleic or linolenic acids exports fell to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 140% against the previous year. The level of export peaked at $X in 2020, and then dropped in the following year.

Exports by Country

Turkey represented the key exporting country with an export of around X tons, which reached 75% of total exports. Iran (X tons) took the second position in the ranking, followed by the United Arab Emirates (X tons). All these countries together held approx. 25% share of total exports.

Exports from Turkey increased at an average annual rate of +30.3% from 2012 to 2021. At the same time, Iran (+102.5%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +102.5% from 2012-2021. By contrast, the United Arab Emirates (-14.4%) illustrated a downward trend over the same period. Turkey (+59 p.p.) and Iran (+16 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -74.4% from 2012 to 2021, respectively.

In value terms, the largest oleic, linoleic or linolenic acids supplying countries in the Middle East were Turkey ($X), Iran ($X) and the United Arab Emirates ($X), with a combined 100% share of total exports.

In terms of the main exporting countries, Iran, with a CAGR of +90.5%, 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 mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, picking up by 73% against the previous year. In general, the export price, however, continues to indicate a deep contraction. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.0%), while the other leaders experienced a decline in the export price figures.

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

Imports in the Middle East

In 2021, oleic, linoleic or linolenic acids imports in the Middle East surged to X tons, picking up by 91% against the previous year's figure. Overall, imports, however, showed a noticeable shrinkage. 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. Over the period under review, imports, however, showed a perceptible decline. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Turkey represented the main importing country with an import of around X tons, which finished at 49% of total imports. The United Arab Emirates (X tons) held a 30% share (based on physical terms) of total imports, which put it in second place, followed by Iran (13%) and Israel (5.7%).

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +3.4%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Turkey ($X) constitutes the largest market for imported oleic, linoleic or linolenic acids, their salts and esters in the Middle East, comprising 48% of total imports. The second position in the ranking was held by Iran ($X), with a 22% share of total imports. It was followed by the United Arab Emirates, with a 21% share.

In Turkey, oleic, linoleic or linolenic acids imports contracted by an average annual rate of -1.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Iran (+7.3% per year) and the United Arab Emirates (-0.5% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, waning by -4.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 16% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Iran ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :