Oman: Canned Vegetable Market 2024

Canned Vegetable Market Size in Oman

In 2022, the Omani canned vegetable market decreased by -53.1% to $X, falling for the second year in a row after five years of growth. In general, consumption recorded a pronounced decline. Canned vegetable consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Canned Vegetable Exports

Exports from Oman

In 2022, the amount of canned vegetables exported from Oman reduced dramatically to X tons, waning by -47.4% against 2021 figures. In general, exports faced a significant decrease. The pace of growth was the most pronounced in 2017 with an increase of 1,652% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, canned vegetable exports reduced remarkably to $X in 2022. Overall, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2017 when exports increased by 795%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Yemen (X tons) was the main destination for canned vegetable exports from Oman, with a 62% share of total exports. Moreover, canned vegetable exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. The third position in this ranking was held by Somalia (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Yemen amounted to -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-22.4% per year) and Somalia (-31.6% per year).

In value terms, Yemen ($X) remains the key foreign market for canned vegetables exports from Oman, comprising 41% of total exports. The second position in the ranking was taken by Somalia ($X), with a 15% share of total exports. It was followed by Qatar, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen totaled -10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (-20.7% per year) and Qatar (+1.0% per year).

Export Prices by Country

The average canned vegetable export price stood at $X per ton in 2022, with an increase of 7.7% against the previous year. In general, the export price showed prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 107%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Yemen ($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 Qatar (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Oman

For the third year in a row, Oman recorded decline in purchases abroad of canned vegetables, which decreased by -62.1% to X tons in 2022. Over the period under review, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 34% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, canned vegetable imports dropped markedly to $X in 2022. In general, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 46% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of canned vegetable to Oman, with a 60% share of total imports. Moreover, canned vegetable 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 taken by China (X tons), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-14.3% per year) and China (-14.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of canned vegetables to Oman, comprising 45% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 14% share of total imports. It was followed by Spain, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+33.6% per year) and Spain (-7.2% per year).

Import Prices by Country

In 2022, the average canned vegetable import price amounted to $X per ton, jumping by 30% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canned vegetable import price increased by +61.7% against 2019 indices. 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 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :