What is the price of palm oil per kilogram/pound in United Arab Emirates (UAE) today?
The retail price range for United Arab Emirates (UAE) palm oil is between US$ 2.40 and US$ 3.37 per kilogram or between US$ 1.09 and US$ 1.53 per pound(lb). Click here to see today's exact prices of palm oil in United Arab Emirates (UAE)
The retail price range in United Arab Emirates dirham for palm oil is between AED 8.83 and AED 12.36 per kilogram or between AED 4.01 and AED 5.61 per pound(lb) in Abu Dhabi and Dubai.
Wholesale prices
In 2024, the approximate wholesale price range for United Arab Emirates (UAE) palm oil is between US$ 1.68 and US$ 2.36 per kilogram or between US$ 0.76 and US$ 1.07 per pound(lb).
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United Arab Emirates (UAE) Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from the United Arab Emirates (UAE) has seen a steady decline over the last five years. In 2021, the price was 1.28 US $ per kg, which is the highest in the last five years. In 2020, the price was 0.84 US $ per kg, followed by 0.77 US $ per kg in 2019. In 2018, the price was 0.81 US $ per kg, 0.88 US $ per kg in 2017 and 0.85 US $ per kg in 2016. The lowest price in the last five years was 0.9 US $ per kg in 2015. Based on this trend, it is predicted that the export price per kilogram of Palm Oil from the UAE in 2023 will be around 0.76 US $ per kg and in 2024 will be around 0.71 US $ per kg.The United Arab Emirates (UAE) palm oil exports are categorised as:
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm oil (HS code 151110)
United Arab Emirates (UAE) Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into the United Arab Emirates (UAE) has seen a steady decline over the past five years. In 2016, the import price was $0.85, and in 2021, it was $1.28. This represents a decrease of $0.43, or 50.6%, over the five-year period. The lowest price was recorded in 2019, when the import price was $0.77. This was followed by a slight increase in 2020, when the import price was $0.84. The import price then rose again in 2021, to $1.28. Based on this trend, it is likely that the import price of Palm Oil into the UAE will continue to decrease in the coming years. We can predict that the import price in 2023 will be around $0.75, and in 2024 it will be around $0.70.Export values for United Arab Emirates (UAE) palm oil
The total values in export for palm oil in United Arab Emirates (UAE) were US$ 55,280, US$ 60,013, US$ 92,382 and US$ 46,102 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in United Arab Emirates (UAE): Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Middle East: Bahrain palm oil, Cyprus palm oil, Iraq palm oil, Israel palm oil, Jordan palm oil, Kuwait palm oil, Lebanon palm oil, Palestine palm oil, Oman palm oil & Qatar palm oil.
United Arab Emirates (UAE) palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 United Arab Emirates (UAE) sold 60,187 tonnes of palm oil. For the year 2019 alone, the market for United Arab Emirates (UAE) palm oil (processed category) has shrunk, recording a change of -46.952 percent compared to the year 2018. Between 2017 and 2019, palm oil's exports decreased by -11.35% earning the exporter US$46.10m for the year 2019. United Arab Emirates (UAE)'s palm oil exports are classified as:
- Crude palm kernel and babassu oil (HS code 151321)
- Crude palm oil (HS code 151110)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
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United Arab Emirates (UAE) palm oil export values
In 2019, United Arab Emirates (UAE) sold palm oil valued at 46.10m USD, a decrease of -50.10% from 2018's total palm oil export of 92.382m USD. The annual change in value of United Arab Emirates (UAE) palm oil between 2017 to 2018 was 53.937%.
The annual change in the volume of United Arab Emirates (UAE)'s palm oil exports between 2017 and 2019 was -11.35 pc in comparison to a variation of -46.952% in the period between 2018 and 2019.
United Arab Emirates (UAE)'s share of the world's total palm oil's exports in 2019 was less than 1%. United Arab Emirates (UAE) is ranked number 37 in world exports of palm oil.
Export markets for United Arab Emirates (UAE) palm oil ( in '000$ )
United Arab Emirates (UAE)'s leading destinations for palm oil are Somalia, Afghanistan, Saudi Arabia, Kuwait and Bahrain.
United Arab Emirates (UAE) procured 324,992 tonnes of palm oil in 2019.