Report Update Nov 1, 2024

Oman - Apricots - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Apricot Market 2024

Apricot Market Size in Oman

The Omani apricot market dropped sharply to $X in 2022, which is down by -17.6% 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). Over the period under review, consumption, however, posted a strong expansion. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Apricot Exports

Exports from Oman

In 2022, apricot exports from Oman skyrocketed to X tons, with an increase of 87% compared with the previous year's figure. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2019 with an increase of 801% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, apricot exports surged to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 589%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Bahrain (X tons) was the main destination for apricot exports from Oman, with a 64% share of total exports. Moreover, apricot exports to Bahrain exceeded the volume sent to the second major destination, Qatar (X tons), threefold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain amounted to +27.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+33.9% per year) and the United Arab Emirates (+22.7% per year).

In value terms, the largest markets for apricot exported from Oman were Qatar ($X), Bahrain ($X) and the United Arab Emirates ($X), together accounting for 99% of total exports.

In terms of the main countries of destination, Qatar, with a CAGR of +82.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average apricot export price amounted to $X per ton, increasing by 14% against the previous year. In general, the export price continues to indicate moderate growth. The pace of growth appeared the most rapid in 2017 an increase of 116%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Yemen ($X 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 Qatar (+36.1%), while the prices for the other major destinations experienced more modest paces of growth.

Apricot Imports

Imports into Oman

Apricot imports into Oman reduced markedly to X tons in 2022, waning by -26.7% on the year before. Over the period under review, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 137% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, apricot imports dropped to $X in 2022. In general, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 105% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Jordan (X tons), Iran (X tons) and the United Arab Emirates (X tons) were the main suppliers of apricot imports to Oman, together comprising 78% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Jordan (with a CAGR of +35.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X) constituted the largest supplier of apricots to Oman, comprising 49% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Qatar, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from Jordan totaled +41.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-4.7% per year) and Qatar (+4.6% per year).

Import Prices by Country

In 2022, the average apricot import price amounted to $X per ton, surging by 17% against the previous year. Over the period under review, the import price, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Qatar ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for apricots in the world?

The countries with the highest volumes of apricot consumption in 2021 were Turkey, Uzbekistan and Iran, together accounting for 42% of global consumption. Italy, Algeria, Russia, France, Pakistan, Afghanistan, Greece, Morocco, Ukraine and Egypt lagged somewhat behind, together comprising a further 32%.

What are the largest producers of apricots in the world?

The countries with the highest volumes of apricot production in 2021 were Turkey, Uzbekistan and Iran, with a combined 44% share of global production. These countries were followed by Italy, Algeria, Spain, Afghanistan, Greece, France, Morocco, Pakistan, Egypt and Japan, which together accounted for a further 33%.

What are the leading suppliers of apricots to Oman?

In value terms, Jordan constituted the largest supplier of apricot to Oman, comprising 68% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with an 11% share of total imports. It was followed by Turkey, with a 7.7% share.

What are the leading importers of apricots from Oman?

In value terms, Qatar and the United Arab Emirates were the largest markets for apricot exported from Oman worldwide.

What is the average export price for apricots in Oman?

The average apricot export price stood at $2,265 per ton in 2021, declining by -4% against the previous year.

What is the average import price for apricots in Oman?

The average apricot import price stood at $1,484 per ton in 2021, reducing by -5.8% against the previous year.

This report provides an in-depth analysis of the apricot market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 526 - Apricots

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023