United Arab Emirates: Virgin Olive Oil Market 2025

Virgin Olive Oil Market Size in the United Arab Emirates

The virgin olive oil market in the United Arab Emirates rose remarkably to $X in 2022, picking up by 7.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a resilient increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Virgin Olive Oil Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of virgin olive oil were exported from the United Arab Emirates; with an increase of 4% on 2021. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2017 when exports increased by 229%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, virgin olive oil exports declined modestly to $X in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 277% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell slightly in the following year.

Exports by Country

The Philippines (X tons), Rwanda (X tons) and Sri Lanka (X tons) were the main destinations of virgin olive oil exports from the United Arab Emirates, with a combined 99.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Rwanda (with a CAGR of +107.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Rwanda ($X), the Philippines ($X) and Sri Lanka ($X) constituted the largest markets for virgin olive oil exported from the United Arab Emirates worldwide, together accounting for 100% of total exports.

In terms of the main countries of destination, Rwanda, with a CAGR of +128.2%, saw the highest growth rate of 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 virgin olive oil export price amounted to $X per ton, with a decrease of -6.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Sri Lanka ($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 (+33.0%), while the prices for the other major destinations experienced more modest paces of growth.

Virgin Olive Oil Imports

Imports into the United Arab Emirates

In 2022, approx. X tons of virgin olive oil were imported into the United Arab Emirates; increasing by 14% on the previous year's figure. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2019 when imports increased by 66%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, virgin olive oil imports rose to $X in 2022. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 38% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Tunisia (X tons) was the main virgin olive oil supplier to the United Arab Emirates, with a 94% share of total imports. Moreover, virgin olive oil imports from Tunisia exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Tunisia totaled +33.9%.

In value terms, Tunisia ($X) constituted the largest supplier of virgin olive oil to the United Arab Emirates, comprising 97% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 1.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Tunisia stood at +31.6%.

Import Prices by Country

In 2022, the average virgin olive oil import price amounted to $X per ton, falling by -9.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Tunisia ($X per ton), while the price for Sri Lanka amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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