Oman: Canned Food Market 2024

Canned Food Market Size in Oman

The Omani canned food market reached $X in 2021, picking up by 7.5% against the previous year. Over the period under review, consumption recorded resilient growth. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Canned Food Production in Oman

In value terms, canned food production totaled $X in 2021 estimated in export price. In general, production, however, showed a strong expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 49%. Canned food production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Canned Food Exports

Exports from Oman

In 2021, overseas shipments of canned food increased by 21% to X tons, rising for the fifth consecutive year after three years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 38% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, canned food exports expanded rapidly to $X in 2021. Over the period under review, total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +98.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Somalia (X tons), Yemen (X tons) and Qatar (X tons) were the main destinations of canned food exports from Oman, with a combined 57% share of total exports.

From 2012 to 2020, the biggest increases were recorded for Yemen (with a CAGR of +24.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned food exported from Oman were Qatar ($X), Somalia ($X) and Yemen ($X), together comprising 49% of total exports.

In terms of the main countries of destination, Yemen, with a CAGR of +20.9%, 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 2020, the average canned food export price amounted to $X per ton, reducing by -5% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2020: its price increased at an average annual rate of +5.0% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, canned food export price increased by +42.5% against 2015 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 35%. The export price peaked at $X per ton in 2019, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Qatar ($X per ton), while the average price for exports to Comoros ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Oman

For the third year in a row, Oman recorded growth in overseas purchases of canned food, which increased by 4.2% to X tons in 2021. The total import volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, canned food imports stood at $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% 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 +33.1% against 2014 indices. The pace of growth was the most pronounced in 2019 when imports increased by 23%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2020, the United Arab Emirates (X tons) constituted the largest canned food supplier to Oman, accounting for a 56% share of total imports. Moreover, canned food imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Spain (X tons), eightfold. The third position in this ranking was held by Turkey (X tons), with a 3% share.

From 2012 to 2020, the average annual growth rate of volume from the United Arab Emirates totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.2% per year) and Turkey (+29.8% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of canned food to Oman, comprising 36% of total imports. The second position in the ranking was taken by Spain ($X), with a 4.1% share of total imports. It was followed by the Netherlands, with a 2.8% share.

From 2012 to 2020, the average annual rate of growth in terms of value from the United Arab Emirates stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.2% per year) and the Netherlands (-4.2% per year).

Import Prices by Country

In 2020, the average canned food import price amounted to $X per ton, surging by 8.6% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Italy (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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