United Arab Emirates: Chemically Modified Oils Market 2025

Chemically Modified Oils Market Size in the United Arab Emirates

In 2022, after two years of decline, there was significant growth in the chemically modified oils market in the United Arab Emirates, when its value increased by 31% to $X. Over the period under review, consumption continues to indicate noticeable growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Chemically Modified Oils Production in the United Arab Emirates

In value terms, chemically modified oils production dropped to $X in 2022 estimated in export price. In general, production, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 87% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Chemically Modified Oils Exports

Exports from the United Arab Emirates

In 2022, the amount of animal or vegetable fats and oils chemically modified exported from the United Arab Emirates dropped markedly to X tons, which is down by -16% on the year before. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 322% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped sharply in the following year.

In value terms, chemically modified oils exports fell markedly to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 321% against the previous year. The exports peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for chemically modified oils exports from the United Arab Emirates, accounting for a 26% share of total exports. Moreover, chemically modified oils exports to the Netherlands exceeded the volume sent to the second major destination, Ireland (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+4.8% per year) and Spain (+50.6% per year).

In value terms, the Netherlands ($X) remains the key foreign market for animal or vegetable fats and oils chemically modified exports from the United Arab Emirates, comprising 27% of total exports. The second position in the ranking was taken by Ireland ($X), with a 7.7% share of total exports. It was followed by Spain, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+8.1% per year) and Spain (+50.0% per year).

Export Prices by Country

The average chemically modified oils export price stood at $X per ton in 2022, reducing by -11.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 42%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the Czech Republic ($X per ton) and Ireland ($X per ton), while the average price for exports to the UK ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports into the United Arab Emirates

In 2022, overseas purchases of animal or vegetable fats and oils chemically modified decreased by -6.3% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 125% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, chemically modified oils imports reached $X in 2022. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 61%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of chemically modified oils imports to the United Arab Emirates, together comprising 65% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +90.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chemically modified oils suppliers to the United Arab Emirates were Turkey ($X), China ($X) and India ($X), with a combined 56% share of total imports.

Turkey, with a CAGR of +79.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average chemically modified oils import price amounted to $X per ton, growing by 9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 63%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :