Oman: Cane Molasses Market 2024

Cane Molasses Market Size in Oman

The Omani cane molasses market reduced sharply to $X in 2022, waning by X% 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). Overall, consumption, however, saw notable growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Cane Molasses Exports

Exports from Oman

In 2022, shipments abroad of cane molasses increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cane molasses exports expanded notably to $X in 2022. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X tons) was the main destination for cane molasses exports from Oman, with a X% share of total exports. Moreover, cane molasses exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Egypt (X% per year).

In value terms, Qatar ($X) remains the key foreign market for cane molasses exports from Oman, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Egypt (X% per year).

Export Prices by Country

The average cane molasses export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price continues to indicate measured growth. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained 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 Qatar ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (X%).

Cane Molasses Imports

Imports into Oman

In 2022, approx. X tons of cane molasses were imported into Oman; shrinking by X% compared with 2021. Overall, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, cane molasses imports dropped rapidly to $X in 2022. In general, imports, however, showed a slight increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest cane molasses supplier to Oman, with a X% share of total imports. Moreover, cane molasses imports from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold.

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

In value terms, India ($X) constituted the largest supplier of cane molasses to Oman, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the average cane molasses import price amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2019 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 United Arab Emirates ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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