United Arab Emirates: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in the United Arab Emirates

The margarine and shortening market in the United Arab Emirates dropped significantly to $X in 2022, which is down by -18.7% against the previous year. Overall, consumption, however, enjoyed a temperate increase. Margarine and shortening consumption peaked at $X in 2021, and then plummeted in the following year.

Margarine And Shortening Production in the United Arab Emirates

In value terms, margarine and shortening production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2015 with an increase of 23%. Margarine and shortening production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Margarine And Shortening Exports

Exports from the United Arab Emirates

After two years of growth, overseas shipments of margarine and shortening decreased by -6.3% to X tons in 2022. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.7% against 2019 indices. The growth pace was the most rapid in 2014 when exports increased by 26% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, margarine and shortening exports contracted rapidly to $X in 2022. In general, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Morocco (X tons) was the main destination for margarine and shortening exports from the United Arab Emirates, accounting for a 42% share of total exports. Moreover, margarine and shortening exports to Morocco exceeded the volume sent to the second major destination, Mozambique (X tons), twofold. Bahrain (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Morocco totaled +49.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+57.6% per year) and Bahrain (+34.1% per year).

In value terms, the largest markets for margarine and shortening exported from the United Arab Emirates were Morocco ($X), Bahrain ($X) and Jordan ($X), with a combined 80% share of total exports. Egypt, Mozambique and Canada lagged somewhat behind, together comprising a further 16%.

In terms of the main countries of destination, Mozambique, with a CAGR of +53.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average margarine and shortening export price amounted to $X per ton, waning by -13.8% against the previous year. Over the period under review, the export price recorded a noticeable slump. The growth pace was the most rapid in 2021 an increase of 42%. The export price peaked at $X per ton in 2012; however, from 2013 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 Bahrain ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.

Margarine And Shortening Imports

Imports into the United Arab Emirates

In 2022, imports of margarine and shortening into the United Arab Emirates contracted remarkably to X tons, reducing by -18.2% against the year before. In general, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year. As a result, imports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, margarine and shortening imports contracted rapidly to $X in 2022. Overall, imports, however, saw strong growth. The growth pace was the most rapid in 2021 with an increase of 94% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

Spain (X tons), the United States (X tons) and Australia (X tons) were the main suppliers of margarine and shortening imports to the United Arab Emirates, with a combined 25% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +29.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of margarine and shortening to the United Arab Emirates, comprising 17% of total imports. The second position in the ranking was taken by Australia ($X), with a 5.3% share of total imports. It was followed by the United States, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+22.3% per year) and the United States (-9.1% per year).

Import Prices by Country

The average margarine and shortening import price stood at $X per ton in 2022, falling by -7.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :