Overview of the Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in the United Arab Emirates
In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified contracted remarkably to $ in 2019 estimated in export prices. In general, production recorded a pronounced downturn. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. As a result, production reached the peak level of $. From 2012 to 2019, production growth failed to regain the momentum.
The size of the market for sunflower-seed or safflower oil, refined, but not chemically modified in the United Arab Emirates dropped to $ in 2019, waning by -% 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). In general, the total consumption indicated a notable expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2016 indices. The pace of growth was the most pronounced in 2008 with an increase of % year-to-year. Consumption peaked at $ in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.