UAE Oil Storage Terminal Market Report and Forecast 2032

The UAE Oil Storage Terminal Market is anticipated to register a CAGR of around 3.10% during the forecast period, i.e., 2025-32. Along with this, the market is valued at USD 472.76 million in 2024. Owing to the UAE's valuable location, strong oil production capability, and status as a primary contributor to the global energy trade, the industry for oil storage terminals is vital to the global energy infrastructure. The UAE connects essential markets in Asia, Europe, and Africa and acts as an important center for the distribution & storage of oil. Further, in addition to providing a variety of services, such as blending, heating, and inventory management, its oil storage terminals are outfitted to handle crude oil, refined products, and other petrochemicals. Also, the UAE Oil Storage Terminal Market benefits largely from key oil storage facilities in Fujairah, one of the biggest bunkering hubs across the global landscape, which is near international shipping lanes like the Strait of Hormuz.