Rapeseed Oil Market Overview in the United Arab Emirates
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.
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.