United Arab Emirates: Market for Sunflower-Seed And Safflower Oil 2025

Market Size for Sunflower-Seed And Safflower Oil in the United Arab Emirates

In 2022, after three years of growth, there was significant decline in the sunflower-seed and safflower oil market in the United Arab Emirates, when its value decreased by -13.2% to $X. In general, consumption, however, posted a prominent expansion. Over the period under review, the market reached the peak level at $X in 2021, and then dropped in the following year.

Exports of Sunflower-Seed And Safflower Oil

Exports from the United Arab Emirates

In 2022, shipments abroad of sunflower-seed and safflower oil was finally on the rise to reach X tons after three years of decline. Overall, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 86% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sunflower-seed and safflower oil exports dropped to $X in 2022. Over the period under review, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 127%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons), Kuwait (X tons) and Bahrain (X tons) were the main destinations of sunflower-seed and safflower oil exports from the United Arab Emirates, together accounting for 78% of total exports. Saudi Arabia, Ethiopia and Jordan lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ethiopia (with a CAGR of +79.6%), while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Kuwait ($X) and Bahrain ($X) appeared to be the largest markets for sunflower-seed and safflower oil exported from the United Arab Emirates worldwide, with a combined 79% share of total exports. Saudi Arabia, Ethiopia and Jordan lagged somewhat behind, together accounting for a further 16%.

Ethiopia, with a CAGR of +97.1%, saw the highest rates of growth with regard to the value of exports, among 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

The average sunflower-seed and safflower oil export price stood at $X per ton in 2022, with a decrease of -11.6% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price 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, sunflower-seed and safflower oil export price increased by +21.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 50%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kuwait ($X per ton) and Bahrain ($X per ton), while the average price for exports to Jordan ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sunflower-Seed And Safflower Oil

Imports into the United Arab Emirates

After four years of growth, purchases abroad of sunflower-seed and safflower oil decreased by -0.9% to X tons in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.2% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 33% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, sunflower-seed and safflower oil imports dropped sharply to $X in 2022. Over the period under review, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 57% against the previous year. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest supplier of sunflower-seed and safflower oil to the United Arab Emirates, with a 67% share of total imports. Moreover, sunflower-seed and safflower oil imports from Ukraine exceeded the figures recorded by the second-largest supplier, Russia (X tons), fivefold. Oman (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+1.3% per year) and Oman (+14.0% per year).

In value terms, Ukraine ($X) constituted the largest supplier of sunflower-seed and safflower oil to the United Arab Emirates, comprising 59% of total imports. The second position in the ranking was held by Russia ($X), with an 18% share of total imports. It was followed by Oman, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Ukraine totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+3.0% per year) and Oman (+9.9% per year).

Import Prices by Country

In 2022, the average sunflower-seed and safflower oil import price amounted to $X per ton, shrinking by -17.4% 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 54%. As a result, import price reached the peak level of $X per ton, and then shrank dramatically in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($X per ton) and Oman ($X per ton), while the price for Ukraine ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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