Report Update Nov 1, 2024

United Arab Emirates - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights

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United Arab Emirates: Virgin Olive Oil Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for virgin olive oil in the world?

The countries with the highest volumes of virgin olive oil consumption in 2021 were Italy, Spain and the United States, with a combined 41% share of global consumption. Morocco, Turkey, Greece, France, Tunisia, Syrian Arab Republic, Algeria, Portugal, Brazil and Germany lagged somewhat behind, together comprising a further 37%.

What are the largest producers of virgin olive oil in the world?

The country with the largest volume of virgin olive oil production was Spain, comprising approx. 35% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Tunisia, threefold. Italy ranked third in terms of total production with a 10% share.

What are the leading suppliers of virgin olive oil to the United Arab Emirates?

In value terms, Turkey, Spain and Italy were the largest virgin olive oil suppliers to the United Arab Emirates, together accounting for 84% of total imports. Greece lagged somewhat behind, accounting for a further 14%.

What are the leading importers of virgin olive oil from the United Arab Emirates?

In value terms, the largest markets for virgin olive oil exported from the United Arab Emirates were the United States, Canada and Armenia, together comprising 72% of total exports. These countries were followed by Kenya, India, Malaysia, Kyrgyzstan and Mauritius, which together accounted for a further 23%.

What is the average export price for virgin olive oil in the United Arab Emirates?

In 2021, the average virgin olive oil export price amounted to $3,598 per ton, growing by 40% against the previous year.

What is the average import price for virgin olive oil in the United Arab Emirates?

In 2021, the average virgin olive oil import price amounted to $3,904 per ton, increasing by 37% against the previous year.

This report provides an in-depth analysis of the virgin olive oil market in the United Arab Emirates. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 261 - Oil of Olives, Virgin

Country coverage:

United Arab Emirates

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the United Arab Emirates
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023