Oman: Banana Market 2025

Banana Market Size in Oman

The Omani banana market shrank to $X in 2022, reducing by -7.3% against the previous year. Over the period under review, consumption, however, recorded a modest expansion. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Banana Production in Oman

In value terms, banana production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 3.5% against the previous year. Banana production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of bananas in Oman reduced modestly to X tons per ha, almost unchanged from the previous year. Overall, the yield continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 0.8%. The banana yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of bananas were harvested in Oman; almost unchanged from the previous year. In general, the harvested area, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 10% against the previous year. The banana harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Banana Exports

Exports from Oman

In 2022, after two years of decline, there was significant growth in overseas shipments of bananas, when their volume increased by 24% to X tons. Overall, exports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 156% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, banana exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 148% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Jordan (X tons) was the main destination for banana exports from Oman, with a 60% share of total exports. Moreover, banana exports to Jordan exceeded the volume sent to the second major destination, Qatar (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jordan amounted to -11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+19.4% per year) and Saudi Arabia (+7.9% per year).

In value terms, Jordan ($X) remains the key foreign market for bananas exports from Oman, comprising 62% of total exports. The second position in the ranking was taken by Qatar ($X), with a 25% share of total exports. It was followed by Saudi Arabia, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to Jordan amounted to -13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+9.7% per year) and Saudi Arabia (-4.2% per year).

Export Prices by Country

The average banana export price stood at $X per ton in 2022, surging by 10% against the previous year. Overall, the export price, however, continues to indicate a noticeable descent. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a 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 India ($X per ton), while the average price for exports to Saudi Arabia ($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 India (+13.1%), while the prices for the other major destinations experienced a decline.

Banana Imports

Imports into Oman

In 2022, imports of bananas into Oman dropped to X tons, with a decrease of -11.7% against the previous year. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 411% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, banana imports declined to $X in 2022. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 425% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of banana to Oman, with a 76% share of total imports. Moreover, banana imports from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold. Indonesia (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled +103.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+27.6% per year) and Indonesia (+35.5% per year).

In value terms, India ($X) constituted the largest supplier of bananas to Oman, comprising 75% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total imports. It was followed by the Philippines, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +102.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+30.2% per year) and the Philippines (-2.3% per year).

Import Prices by Country

In 2022, the average banana import price amounted to $X per ton, surging by 2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 21%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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