Middle East: Rapeseed Oilcake Market 2020

Rapeseed Oilcake Market Size in Middle East

The revenue of the rapeseed oilcake market in Middle East amounted to $X in 2017, waning by -X% against the previous year. The rapeseed oilcake consumption continues to indicate a remarkable growth. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. The level of rapeseed oilcake consumption peaked of $X in 2016, and then declined slightly in the following year.

Rapeseed Oilcake Production in Middle East

In 2017, approx. X tons of rape or colza seed oilcake were produced in Middle East; going up by X% against the previous year. The rapeseed oilcake production continues to indicate an outstanding growth. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. The volume of rapeseed oilcake production peaked in 2017, and is likely to see steady growth in the near future.

Rapeseed Oilcake Exports in Middle East

The exports stood at X tons in 2017, coming up by X% against the previous year. The rapeseed oilcake exports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2008, when exports increased by X% y-o-y. In that year, the rapeseed oilcake exports attained their peak volume of X tons. From 2009 to 2017, growth of the rapeseed oilcake exports stood at a somewhat lower level.

In value terms, rapeseed oilcake exports amounted to $X in 2017. The rapeseed oilcake exports continue to indicate a relatively flat trend pattern. The level of exports peaked of $X in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Rapeseed Oilcake Exports by Country in Middle East

The United Arab Emirates was the key exporter of rape or colza seed oilcake in Middle East, with the volume of exports accounting for X tons, which was near X% of total exports in 2017. Saudi Arabia (X tons) ranks second in terms of the global exports with a X% share, followed by Turkey (X%).

Exports from the United Arab Emirates increased at an average annual rate of +X% from 2007 to 2017. At the same time, Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Turkey (-X%) illustrated a downward trend over the same period. While the share of Turkey (X%) increased significantly in terms of the global exports from 2007-2017, the share of Saudi Arabia (-X%) and the United Arab Emirates (-X%) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest rapeseed oilcake supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global exports. It was followed by Turkey, with a X% share.

In the United Arab Emirates, rapeseed oilcake exports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Saudi Arabia (+X% per year) and Turkey (-X% per year).

Rapeseed Oilcake Export Prices by Country in Middle East

In 2017, the rapeseed oilcake export price in Middle East amounted to $X per ton, dropping by -X% against the previous year. The export price indicated a measured growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the rapeseed oilcake export price decreased by -X% against 2015 indices. The growth pace was the most rapid in 2012, when it surged by X% against the previous year. The level of export price peaked of $X per ton in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Turkey (+X% per year), while the other leaders experienced more modest paces of growth.

Rapeseed Oilcake Imports in Middle East

The imports stood at X tons in 2017, dropping by -X% against the previous year. The total imports indicated a perceptible increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the rapeseed oilcake imports increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2011, when imports increased by X% y-o-y. Over the period under review, the rapeseed oilcake imports reached its maximum volume of X tons in 2016, and then declined slightly in the following year.

In value terms, rapeseed oilcake imports amounted to $X in 2017. The total imports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The level of imports peaked of $X in 2016, and then declined slightly in the following year.

Rapeseed Oilcake Imports by Country in Middle East

Israel represented the main importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Saudi Arabia (X tons), Turkey (X tons) and Iran (X tons), together creating X% share of total imports. The following importers - Kuwait (X tons) and Oman (X tons) each resulted at a X% share of total imports.

From 2007 to 2017, average annual rates of growth with regard to rapeseed oilcake imports into Israel stood at +X%. At the same time, Kuwait (+X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest growing importer in Middle East, with a CAGR of +X% from 2007-2017. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Oman (-X%), Turkey (-X%) and Iran (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Iran and Turkey increased by X% and X% percentage points, while Kuwait (-X%) and Israel (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported rape or colza seed oilcake in Middle East, making up X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global imports. It was followed by Turkey, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Israel stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (+X% per year) and Turkey (-X% per year).

Rapeseed Oilcake Import Prices by Country in Middle East

The rapeseed oilcake import price in Middle East stood at $X per ton in 2017, declining by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012, when the import prices increased by X% against the previous year. Over the period under review, the import prices for rape or colza seed oilcake attained its peak figure level of $X per ton in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Saudi Arabia ($X per ton) and Kuwait ($X per ton), while Israel ($X per ton) and Iran ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Kuwait (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform