What is the price of soyabean oil per kilogram/pound in United Arab Emirates (UAE) today?
The retail price range for United Arab Emirates (UAE) soyabean oil is between US$ 2.82 and US$ 3.71 per kilogram or between US$ 1.28 and US$ 1.68 per pound(lb). Click here to see today's exact prices of soyabean oil in United Arab Emirates (UAE)
The retail price range in United Arab Emirates dirham for soyabean oil is between AED 10.35 and AED 13.62 per kilogram or between AED 4.70 and AED 6.18 per pound(lb) in Abu Dhabi and Dubai.
Wholesale prices
In 2024, the approximate wholesale price range for United Arab Emirates (UAE) soyabean oil is between US$ 1.97 and US$ 2.60 per kilogram or between US$ 0.89 and US$ 1.18 per pound(lb).
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United Arab Emirates (UAE) Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from United Arab Emirates (UAE) has seen a steady decline over the last five years. In 2012, the price was 1.36 US $ per kg, which dropped to 1.12 US $ per kg in 2013. This trend continued in 2014, when the price dropped to 0.98 US $ per kg. In 2015, the price decreased further to 0.90 US $ per kg, and in 2016, it reached its lowest point of 0.75 US $ per kg. However, in 2017, the price rose slightly to 0.77 US $ per kg, and then increased to 1.07 US $ per kg in 2018. The price remained steady at 1.00 US $ per kg in 2019, and then rose to 1.05 US $ per kg in 2020. This year, 2021, the price has seen the highest increase, reaching 1.54 US $ per kg. Based on this trend, it is predicted that the export price per kilogram of Soyabean oil from UAE will be 1.60 US $ per kg in 2023 and 1.66 US $ per kg in 2024.The soyabean oil exports from United Arab Emirates (UAE) are categorised as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
United Arab Emirates (UAE) Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into the United Arab Emirates (UAE) has seen a steady decline over the past five years. In 2012, the price was 1.36 US dollars per kg, which dropped to 1.12 US dollars per kg in 2013. This trend continued in 2014, when the price fell to 0.98 US dollars per kg. In 2015, the price dropped further to 0.90 US dollars per kg, and in 2016, it reached its lowest point of 0.75 US dollars per kg. However, the price has since seen an increase, with 0.77 US dollars per kg in 2017, 1.07 US dollars per kg in 2018, 1.00 US dollars per kg in 2019, and 1.05 US dollars per kg in 2020. The most recent data shows that the price has risen to 1.54 US dollars per kg in 2021. Based on the current trend, it is predicted that the import price per kilogram of Soyabean oil into the UAE will be 1.45 US dollars per kg in 2023 and 1.36 US dollars per kg in 2024.Export values for United Arab Emirates (UAE) soyabean oil
The total values in export for soyabean oil in United Arab Emirates (UAE) were US$ 12,409, US$ 9,843, US$ 25,488 and US$ 24,109 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 soyabean oil in other countries across Middle East: Bahrain soyabean oil, Cyprus soyabean oil, Iraq soyabean oil, Israel soyabean oil, Jordan soyabean oil, Kuwait soyabean oil, Lebanon soyabean oil, Palestine soyabean oil, Oman soyabean oil & Qatar soyabean oil.
United Arab Emirates (UAE) soyabean oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 United Arab Emirates (UAE) shipped 24,002 tonnes of soyabean oil. For the year 2019 alone, the market for United Arab Emirates (UAE) soyabean oil (processed category) has gone up, recording a change of 1.053 per cent compared to the year 2018. Between 2017 and 2019, soyabean oil's exports grew by 87.43% bringing the nation US$24.11m for the year 2019. United Arab Emirates (UAE)'s soyabean oil exports are classified as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
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United Arab Emirates (UAE) soyabean oil export values
In 2019, United Arab Emirates (UAE) sold soyabean oil with a value of 24.11m USD, a drop of -5.41% from 2018's total soyabean oil export of 25.488m USD. The yearly change in value of United Arab Emirates (UAE) soyabean oil between 2017 to 2018 was 158.945 pc.
The annual/yearly change in the quantity of United Arab Emirates (UAE)'s soyabean oil exports between 2017 and 2019 was 87.43% when compared to a variation of 1.053% in the growth rate between 2018 and 2019.
United Arab Emirates (UAE)'s stake of the world's total soyabean oil's exports in 2019 was 1.9 percent. United Arab Emirates (UAE) holds number 3 in world exports of soyabean oil.
Export markets for United Arab Emirates (UAE) soyabean oil ( in '000$ )
United Arab Emirates (UAE)'s best performing export markets for soyabean oil are Oman, Kuwait, Saudi Arabia, Bahrain and India.
Import/Export Trends
United Arab Emirates (UAE) is a net exporter of soyabean oil. The annual growth of United Arab Emirates (UAE) soyabean oil in value between 2015 to 2019 was 42%, per annum, while annual growth in quantity through the same period was 27%, per annum.
United Arab Emirates (UAE) bought 27,626 tonnes of soyabean oil in 2019.