Report Update Nov 1, 2024

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

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Oman: Asparagus Market 2024

Asparagus Market Size in Oman

The Omani asparagus market contracted significantly to $X in 2022, falling by -20.8% 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, continues to indicate a significant expansion. Asparagus consumption peaked at $X in 2021, and then shrank markedly in the following year.

Asparagus Exports

Exports from Oman

In 2022, the amount of asparagus exported from Oman expanded sharply to X kg, picking up by 9% compared with the year before. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 98%. The exports peaked at X kg in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, asparagus exports reduced to $X in 2022. Overall, exports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 56%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for asparagus exports from Oman, accounting for a 85% share of total exports. Moreover, asparagus exports to the United Arab Emirates exceeded the volume sent to the second major destination, Japan (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +11.5%.

In value terms, the largest markets for asparagus exported from Oman were the United Arab Emirates ($X) and Japan ($X).

Among the main countries of destination, the United Arab Emirates, with a CAGR of -9.5%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average asparagus export price stood at $X per ton in 2022, shrinking by -20.5% against the previous year. Over the period under review, the export price saw a deep reduction. The growth pace was the most rapid in 2017 when the average export price increased by 2.9%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.1%).

Asparagus Imports

Imports into Oman

In 2022, the amount of asparagus imported into Oman contracted remarkably to X tons, with a decrease of -21% on the previous year. Over the period under review, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 636%. Imports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, asparagus imports plummeted to $X in 2022. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 329%. Imports peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

Thailand (X tons), the UK (X tons) and Egypt (X tons) were the main suppliers of asparagus imports to Oman, together accounting for 29% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +111.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the UK ($X) and Luxembourg ($X) appeared to be the largest asparagus suppliers to Oman, with a combined 32% share of total imports.

Among the main suppliers, Thailand, with a CAGR of +134.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average asparagus import price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price posted a measured expansion. The growth pace was the most rapid in 2015 an increase of 54%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 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 Thailand ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asparagus in the world?

China remains the largest asparagus consuming country worldwide, comprising approx. 87% of total volume. Moreover, asparagus consumption in China exceeded the figures recorded by the second-largest consumer, the United States, more than tenfold. Peru ranked third in terms of total consumption with a 2.7% share.

What are the largest producers of asparagus in the world?

China constituted the country with the largest volume of asparagus production, accounting for 87% of total volume. Moreover, asparagus production in China exceeded the figures recorded by the second-largest producer, Peru, more than tenfold.

What are the leading suppliers of asparagus to Oman?

In value terms, the largest asparagus suppliers to Oman were the Netherlands, Thailand and the United Arab Emirates, together comprising 85% of total imports.

What are the leading importers of asparagus from Oman?

In value terms, Japan $572) remains the key foreign market for asparagus exports from Oman, comprising 89% of total exports. The second position in the ranking was occupied by the United Arab Emirates $72), with an 11% share of total exports.

What is the average export price for asparagus in Oman?

In 2021, the average asparagus export price amounted to $3,286 per ton, increasing by 35% against the previous year.

What is the average import price for asparagus in Oman?

The average asparagus import price stood at $5,125 per ton in 2021, rising by 2.9% against the previous year.

This report provides an in-depth analysis of the asparagus 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 367 - Asparagus

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:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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