United Arab Emirates: Soybean Oil Market 2020

Soybean Oil Market Size in the United Arab Emirates

The revenue of the soybean oil market in the United Arab Emirates amounted to $X in 2017, shrinking by -X% against the previous year. Overall, soybean oil consumption continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. The United Arab Emirates soybean oil consumption peaked of $X in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Soybean Oil Production in the United Arab Emirates

In 2017, the amount of soya-bean oil produced in the United Arab Emirates stood at X tons, waning by -X% against the previous year. In general, soybean oil production continues to indicate a deep downturn. The growth pace was the most rapid in 2012, when it surged by X% against the previous year. Over the period under review, the soybean oil production attained its maximum volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Soybean Oil Exports in the United Arab Emirates

In 2017, the amount of soya-bean oil exported from the United Arab Emirates totaled X tons, flattening at the previous year. Overall, soybean oil exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013, when exports increased by X% against the previous year. The United Arab Emirates exports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, soybean oil exports amounted to $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The United Arab Emirates exports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Soybean Oil Exports by Country in the United Arab Emirates

Argentina represented the key exporting country with an export of about X tons, which recorded X% of total exports. Brazil (X tons) ranks second in terms of the global exports with a X% share, followed by the U.S. (X%), Russia (X%) and the Netherlands (X%). Spain (X tons), Bolivia (X tons), Germany (X tons), Canada (X tons) and Ukraine (X tons) took the weak share of total exports.

From 2007 to 2017, average annual rates of growth with regard to soybean oil exports from Argentina stood at -X%. At the same time, Ukraine (+X%), Canada (+X%), Russia (+X%), Spain (+X%), Bolivia (+X%), Germany (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Brazil (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Argentina and Brazil increased by X% and X% percentage points, while Canada (-X%), the U.S. (-X%) and Russia (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest soybean oil supplier from the United Arab Emirates, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Argentina stood at -X%. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and the U.S. (+X% per year).

Soybean Oil Export Prices by Country in the United Arab Emirates

The soybean oil export price in the United Arab Emirates stood at $X per ton in 2017, rising by X% against the previous year. Overall, the export price indicated a mild growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soybean oil export price decreased by -X% against 2012 indices. The pace of growth appeared the most rapid in 2008, an increase of X% y-o-y. The United Arab Emirates export price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Germany ($X per ton) and Spain ($X per ton), while Bolivia ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

Soybean Oil Imports in the United Arab Emirates

In 2017, soybean oil imports into the United Arab Emirates totaled X tons, picking up by X% against the previous year. In general, soybean oil imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. The United Arab Emirates imports peaked of X tons in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, soybean oil imports totaled $X in 2017. In general, soybean oil imports continue to indicate a relatively flat trend pattern. Over the period under review, the soybean oil imports reached its peak figure level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Soybean Oil Imports by Country in the United Arab Emirates

In 2017, India (X tons), distantly followed by Iran (X tons), Bangladesh (X tons), Algeria (X tons) and China (X tons) represented the largest importers of soya-bean oil, together making up X% of total imports. The following importers - Venezuela (X tons), Morocco (X tons), Peru (X tons), South Korea (X tons), Colombia (X tons) and Mexico (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Iran ($X) and Bangladesh ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

In terms of the main importing countries , Iran (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Soybean Oil Import Prices by Country in the United Arab Emirates

In 2017, the soybean oil import price in the United Arab Emirates amounted to $X per ton, remaining constant against the previous year. Overall, soybean oil import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, an increase of X% against the previous year. In that year, the import prices for soya-bean oil reached their peak level of $X per ton. From 2009 to 2017, growth of the import prices for soya-bean oil failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Venezuela ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Venezuela (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform