Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the United Arab Emirates - 2022
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the United Arab Emirates (CIF) - 2022
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the United Arab Emirates (FOB) - 2022
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the United Arab Emirates
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the United Arab Emirates
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the United Arab Emirates (CIF) - 2022
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,493 per ton in 2022, reducing by -6.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 22%. As a result, import price attained the peak level of $1,602 per ton, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($2,973 per ton), while the price for the United States ($884 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the United Arab Emirates (FOB) - 2022
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,074 per ton in 2022, dropping by -17.6% against the previous year. Overall, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2015 an increase of 95%. Over the period under review, the average export prices hit record highs at $1,684 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($1,604 per ton), while the average price for exports to Nigeria ($383 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 Algeria (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the United Arab Emirates
In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats imported into the United Arab Emirates dropped rapidly to 31K tons, with a decrease of -19.4% on the previous year's figure. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of 39K tons, and then fell rapidly in the following year.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats contracted rapidly to $47M in 2022. Overall, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 99% against the previous year. As a result, imports reached the peak of $62M, and then shrank significantly in the following year.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 7.6 | 8.9 | 14.9 | 11.9 | 16.1% |
| Spain | 3.5 | 3.3 | 11.3 | 10.1 | 42.4% |
| Malaysia | 4.3 | 4.8 | 13.6 | 9.6 | 30.7% |
| Australia | 0.3 | 1.6 | 4.2 | 3.7 | 131.0% |
| United States | 3.5 | 1.7 | 2.9 | 3.1 | -4.0% |
| Singapore | 6.8 | 5.6 | 3.6 | 2.1 | -32.4% |
| India | 0.2 | 0.9 | 4.4 | 1.8 | 108.0% |
| Others | 5.6 | 4.6 | 7.5 | 4.6 | -6.3% |
| Total | 31.7 | 31.4 | 62.4 | 46.9 | 13.9% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to the United Arab Emirates in 2022:
- Indonesia (9.7K tons)
- Malaysia (7.1K tons)
- Spain (5.1K tons)
- United States (3.5K tons)
- Australia (1.8K tons)
- Singapore (1.3K tons)
- India (0.7K tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the United Arab Emirates
In 2022, exports of liquid margarine and edible mixtures of animal or vegetable fats from the United Arab Emirates totaled 12K tons, growing by 3.1% on the previous year's figure. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 57%. As a result, the exports reached the peak of 13K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats declined dramatically to $13M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 43% against the previous year. As a result, the exports attained the peak of $16M, and then shrank dramatically in the following year.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 2.5 | 3.1 | 6.9 | 8.3 | 49.2% |
| Egypt | 0.2 | 0.7 | 2.4 | 2.2 | 122.4% |
| Canada | 0.5 | 0.4 | 0.3 | 0.8 | 17.0% |
| Jordan | 0.1 | 0.2 | 0.3 | 0.6 | 81.7% |
| Lebanon | N/A | 0.1 | N/A | 0.4 | 100.0% |
| Georgia | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Nigeria | N/A | 1.1 | 0.1 | 0.1 | -69.8% |
| Iran | 3.5 | 4.2 | 4.8 | N/A | 17.1% |
| Saudi Arabia | 0.6 | 0.5 | N/A | N/A | -16.7% |
| Others | 0.3 | 0.4 | 0.6 | 0.6 | 26.0% |
| Total | 7.8 | 10.9 | 15.5 | 13.2 | 19.2% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from the United Arab Emirates in 2022:
- Morocco (8.6K tons)
- Egypt (1.4K tons)
- Canada (0.5K tons)
- Jordan (0.4K tons)
- Nigeria (0.4K tons)
- Georgia (0.3K tons)
- Lebanon (0.3K tons)
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