United Arab Emirates: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in the United Arab Emirates

In 2021, the market for oleic, linoleic or linolenic acids, their salts and esters in the United Arab Emirates increased by 137% to $X, rising for the third year in a row after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports from the United Arab Emirates

In 2021, after two years of decline, there was significant growth in overseas shipments of oleic, linoleic or linolenic acids, their salts and esters, when their volume increased by 336% to X tons. Over the period under review, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 643%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan (X tons) was the main destination for oleic, linoleic or linolenic acids exports from the United Arab Emirates, with a 63% share of total exports. Moreover, oleic, linoleic or linolenic acids exports to Pakistan exceeded the volume sent to the second major destination, Kuwait (X tons), threefold. The third position in this ranking was held by Oman (X tons), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Pakistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+10.3% per year) and Oman (-26.1% per year).

In value terms, the largest markets for oleic, linoleic or linolenic acids exported from the United Arab Emirates were Pakistan ($X), Nigeria ($X) and Germany ($X), with a combined 68% share of total exports.

Nigeria, with a CAGR of +21.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, increasing by 3.8% against the previous year. Overall, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oleic, linoleic or linolenic acids export price increased by +124.2% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 78%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Pakistan ($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 Nigeria (+69.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports into the United Arab Emirates

In 2021, oleic, linoleic or linolenic acids imports into the United Arab Emirates surged to X tons, rising by 167% compared with 2020 figures. In general, imports, however, continue to indicate a mild decrease. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids imports surged to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of oleic, linoleic or linolenic acids imports to the United Arab Emirates, together comprising 31% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +84.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Turkey ($X) and Italy ($X) constituted the largest oleic, linoleic or linolenic acids suppliers to the United Arab Emirates, with a combined 47% share of total imports.

Turkey, with a CAGR of +68.0%, saw the highest rates of growth with regard to the value of imports, among 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 2021, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, falling by -18.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 85%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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