Period 2007-2019
Rapeseed Oil Market Overview in the United Arab Emirates |
Market Overview
For the third consecutive year, the rapeseed oil market in the United Arab Emirates recorded growth in sales value, which increased by 
% to $ in 2019. In general, consumption recorded a resilient increase. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Over the period under review, the market reached the maximum level in 2019 and is likely to continue growth in the immediate term.
In value terms, rapeseed oil production rose notably to $ in 2019 estimated in export prices. Overall, the total production indicated strong growth 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, production decreased by -% against 2016 indices. The growth pace was the most rapid in 2008 when the production volume increased by % year-to-year. The United Arab Emirates production peaked at $ in 2011; however, from 2012 to 2019, production remained at a lower figure.
% to $ in 2019. In general, consumption recorded a resilient increase. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Over the period under review, the market reached the maximum level in 2019 and is likely to continue growth in the immediate term.In value terms, rapeseed oil production rose notably to $
in 2019 estimated in export prices. Overall, the total production indicated strong growth 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, production decreased by -% against 2016 indices. The growth pace was the most rapid in 2008 when the production volume increased by % year-to-year. The United Arab Emirates production peaked at $ in 2011; however, from 2012 to 2019, production remained at a lower figure.Consumption
For the thirteenth year in a row, the United Arab Emirates recorded growth in consumption of rapeseed oil, which increased by % to tonnes in 2019. Over the period under review, consumption posted resilient growth. The growth pace was the most rapid in 2011 with an increase of % y-o-y. The United Arab Emirates consumption peaked in 2019 and is likely to continue growth in the near future.
The size of the rapeseed oil market in the United Arab Emirates soared to $ in 2019, jumping 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). Overall, consumption recorded a resilient expansion. The pace of growth was the most pronounced in 2011 when the market value increased by % year-to-year. Over the period under review, the market attained the maximum level in 2019 and is expected to retain growth in years to come.
% to tonnes in 2019. Over the period under review, consumption posted resilient growth. The growth pace was the most rapid in 2011 with an increase of % y-o-y. The United Arab Emirates consumption peaked in 2019 and is likely to continue growth in the near future.The size of the rapeseed oil market in the United Arab Emirates soared to $
in 2019, jumping 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). Overall, consumption recorded a resilient expansion. The pace of growth was the most pronounced in 2011 when the market value increased by % year-to-year. Over the period under review, the market attained the maximum level in 2019 and is expected to retain growth in years to come.Market Forecast
Driven by increasing demand for rapeseed oil in the United Arab Emirates, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, the share of imports in terms of total rapeseed oil consumption in the United Arab Emirates was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the the United Arab Emirates rapeseed oil market is largely supplied by domestic manufacturers.
% figure. In value terms the share of imports also stood at a low figure, which means that the the United Arab Emirates rapeseed oil market is largely supplied by domestic manufacturers.Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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