Oman: Cheese Market 2024

Cheese Market Size in Oman

In 2021, the Omani cheese market decreased by -7.9% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Cheese Production in Oman

In value terms, cheese production fell to $X in 2021 estimated in export price. Over the period under review, production recorded a slight curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 29%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Cheese Exports

Exports from Oman

In 2021, exports of cheese from Oman fell modestly to X tons, dropping by -4.5% compared with 2020 figures. Overall, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 53%. Over the period under review, the exports attained the maximum at X tons in 2020, and then reduced modestly in the following year.

In value terms, cheese exports dropped to $X in 2021. Over the period under review, exports, however, recorded strong growth. The growth pace was the most rapid in 2018 when exports increased by 44% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then fell in the following year.

Exports by Country

Yemen (X tons) was the main destination for cheese exports from Oman, accounting for a 70% share of total exports. Moreover, cheese exports to Yemen exceeded the volume sent to the second major destination, Qatar (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Yemen amounted to +35.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+14.2% per year) and the United Arab Emirates (-0.1% per year).

In value terms, Yemen ($X) remains the key foreign market for cheese exports from Oman, comprising 56% of total exports. The second position in the ranking was taken by Qatar ($X), with a 27% share of total exports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Yemen totaled +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+17.5% per year) and the United Arab Emirates (-7.6% per year).

Export Prices by Country

The average cheese export price stood at $X per ton in 2021, which is down by -10.6% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2013 an increase of 8.6% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Yemen ($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 Kuwait (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese Imports

Imports into Oman

In 2021, after four years of growth, there was decline in supplies from abroad of cheese, when their volume decreased by -0.1% to X tons. In general, imports continue to indicate a mild setback. The pace of growth appeared the most rapid in 2017 with an increase of 38% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cheese imports fell to $X in 2021. Overall, total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 43% against the previous year. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

Denmark (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main suppliers of cheese imports to Oman, together accounting for 66% of total imports. These countries were followed by Egypt, Germany, the United States and Bahrain, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese suppliers to Oman were Saudi Arabia ($X), Denmark ($X) and the United Arab Emirates ($X), with a combined 66% share of total imports. Egypt, Bahrain, the United States and Germany lagged somewhat behind, together comprising a further 19%.

Bahrain, with a CAGR of +22.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cheese import price stood at $X per ton in 2021, with a decrease of -9.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2013 when the average import price increased by 43%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bahrain ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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