Report Update Nov 1, 2024

United Arab Emirates - Crude Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends and Insights

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United Arab Emirates: Crude Maize Oil Market 2024

Crude Maize Oil Market Size in the United Arab Emirates

The crude maize oil market in the United Arab Emirates reduced sharply to $X in 2022, with a decrease of -34.9% against the previous year. Over the period under review, consumption showed a slight decline. Crude maize oil consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Crude Maize Oil Production in the United Arab Emirates

In value terms, crude maize oil production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 346,843,900%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Crude Maize Oil Exports

Exports from the United Arab Emirates

Crude maize oil exports from the United Arab Emirates surged to X tons in 2022, jumping by 275% on the previous year's figure. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 1,828% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude maize oil exports rose to $X in 2022. Over the period under review, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 2,419% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sri Lanka (X tons) was the main destination for crude maize oil exports from the United Arab Emirates, accounting for a 97% share of total exports. It was followed by Tanzania (X tons), with a 2.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sri Lanka totaled +77.8%.

In value terms, Sri Lanka ($X) emerged as the key foreign market for crude maize (corn) oil exports from the United Arab Emirates, comprising 99% of total exports. The second position in the ranking was held by Tanzania ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Sri Lanka stood at +72.0%.

Export Prices by Country

In 2022, the average crude maize oil export price amounted to $X per ton, with a decrease of -72.8% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 83% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Tanzania stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Maize Oil Imports

Imports into the United Arab Emirates

In 2022, imports of crude maize (corn) oil into the United Arab Emirates reduced dramatically to X tons, dropping by -20.4% compared with the previous year. In general, imports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 411% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, crude maize oil imports fell notably to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 271%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest crude maize oil supplier to the United Arab Emirates, with a 74% share of total imports. Moreover, crude maize oil imports from Turkey exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Turkey was relatively modest.

In value terms, Turkey ($X) constituted the largest supplier of crude maize (corn) oil to the United Arab Emirates, comprising 75% of total imports. The second position in the ranking was held by Ukraine ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Turkey was relatively modest.

Import Prices by Country

The average crude maize oil import price stood at $X per ton in 2022, declining by -13.4% against the previous year. Over the period under review, the import price, however, saw a mild expansion. The pace of growth was the most pronounced in 2021 an increase of 51% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Ukraine amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+8.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude maize (corn) oil in the world?

The country with the largest volume of crude maize oil consumption was the United States, accounting for 47% of total volume. Moreover, crude maize oil consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by Brazil, with a 3.2% share.

What are the largest producers of crude maize (corn) oil in the world?

The country with the largest volume of crude maize oil production was the United States, accounting for 50% of total volume. Moreover, crude maize oil production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. Brazil ranked third in terms of total production with a 4.4% share.

What are the leading suppliers of crude maize (corn) oil to the United Arab Emirates?

In value terms, the largest crude maize oil suppliers to the United Arab Emirates were China, South Korea and Thailand, together comprising 74% of total imports. Hungary, the United States, Ukraine and Saudi Arabia lagged somewhat behind, together comprising a further 25%.

What are the leading importers of crude maize (corn) oil from the United Arab Emirates?

In value terms, Iran, Somalia and Yemen constituted the largest markets for crude maize oil exported from the United Arab Emirates worldwide, with a combined 92% share of total exports. Saudi Arabia lagged somewhat behind, comprising a further 3%.

What is the average export price for crude maize (corn) oil in the United Arab Emirates?

The average crude maize oil export price stood at $1,601 per ton in 2021, growing by 19% against the previous year.

What is the average import price for crude maize (corn) oil in the United Arab Emirates?

The average crude maize oil import price stood at $1,095 per ton in 2021, surging by 3.7% against the previous year.

This report provides an in-depth analysis of the crude maize oil market in the United Arab Emirates. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 60 - Oil of Maize

Country coverage:

United Arab Emirates

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the United Arab Emirates
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023