United Arab Emirates: Oleo Oils Market 2025

Oleo Oils Market Size in the United Arab Emirates

In 2021, the oleo oils market in the United Arab Emirates increased by 1.7% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Oleo Oils Production in the United Arab Emirates

In value terms, oleo oils production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 16% against the previous year. Oleo oils production peaked at $X in 2020, and then fell in the following year.

Oleo Oils Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil decreased by -42.3% to X tons, falling for the fifth year in a row after two years of growth. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 8,150% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, oleo oils exports dropped notably to $X in 2021. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 7,406%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for oleo oils exports from the United Arab Emirates, with a 68% share of total exports. Moreover, oleo oils exports to Oman exceeded the volume sent to the second major destination, China (X tons), fourfold. The third position in this ranking was held by Kuwait (X kg), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Oman stood at +121.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (0.0% per year) and Kuwait (+61.7% per year).

In value terms, Oman ($X) remains the key foreign market for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil exports from the United Arab Emirates, comprising 71% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 20% share of total exports. It was followed by China, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman amounted to +114.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+37.3% per year) and China (0.0% per year).

Export Prices by Country

In 2021, the average oleo oils export price amounted to $X per ton, rising by 39% against the previous year. Overall, the export price showed a resilient increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 109%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Kuwait ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (-1.8%).

Oleo Oils Imports

Imports into the United Arab Emirates

In 2021, overseas purchases of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil decreased by -17.2% to X tons, falling for the second consecutive year after three years of growth. Overall, imports recorded a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 90% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, oleo oils imports fell to $X in 2021. In general, imports saw a drastic downturn. The smallest decline of -4.4% was in 2020. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The UK (X kg), the United States (X kg) and Italy (X kg) were the main suppliers of oleo oils imports to the United Arab Emirates, with a combined 100% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +11.4%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to the United Arab Emirates, comprising 79% of total imports. The second position in the ranking was taken by the UK ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-11.1% per year) and Italy (-35.2% per year).

Import Prices by Country

The average oleo oils import price stood at $X per ton in 2021, growing by 15% against the previous year. In general, the import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 123%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Italy ($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 States (+13.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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