Oman: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Oman

The Omani breakfast cereal market contracted markedly to $X in 2021, reducing by -20.4% against the previous year. In general, consumption, however, posted a buoyant expansion. Breakfast cereal consumption peaked at $X in 2020, and then dropped notably in the following year.

Breakfast Cereal Production in Oman

In value terms, breakfast cereal production reduced rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded prominent growth. The growth pace was the most rapid in 2017 with an increase of 128%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Breakfast Cereal Exports

Exports from Oman

In 2021, breakfast cereal exports from Oman expanded slightly to X tons, picking up by 3% on the year before. The total export volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 46%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, breakfast cereal exports expanded sharply to $X in 2021. Over the period under review, total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -12.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 27% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Qatar (X tons) were the main destinations of breakfast cereal exports from Oman, with a combined 91% share of total exports. Bahrain, Yemen and Somalia lagged somewhat behind, together accounting for a further 7.8%.

From 2012 to 2021, the biggest increases were in Yemen (with a CAGR of +96.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X) appeared to be the largest markets for breakfast cereal exported from Oman worldwide, together comprising 91% of total exports. Bahrain, Somalia and Yemen lagged somewhat behind, together comprising a further 7.9%.

Somalia, with a CAGR of +70.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average breakfast cereal export price amounted to $X per ton, with an increase of 4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 25% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bahrain ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Oman

In 2021, after two years of growth, there was significant decline in purchases abroad of breakfast cereals, when their volume decreased by -12.6% to X tons. In general, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.7% against 2013 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 20% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, breakfast cereal imports contracted to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +29.7% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 30% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of breakfast cereal to Oman, with a 40% share of total imports. Moreover, breakfast cereal imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), threefold. India (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+39.9% per year) and India (+12.1% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of breakfast cereal to Oman, comprising 53% of total imports. The second position in the ranking was taken by Spain ($X), with a 10% share of total imports. It was followed by Turkey, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.8% per year) and Turkey (+3.2% per year).

Import Prices by Country

In 2021, the average breakfast cereal import price amounted to $X per ton, growing by 2.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 13%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :