Oman: Chewing Gum Market 2024

Chewing Gum Market Size in Oman

For the fourth consecutive year, the Omani chewing gum market recorded decline in sales value, which decreased by -21.5% to $X in 2021. Overall, consumption saw a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Chewing Gum Production in Oman

In value terms, chewing gum production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a precipitous descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by 102%. Chewing gum production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Chewing Gum Exports

Exports from Oman

For the fifth consecutive year, Oman recorded growth in overseas shipments of chewing gum, which increased by 67% to X tons in 2021. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 594%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, chewing gum exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 766%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Yemen (X tons) was the main destination for chewing gum exports from Oman, accounting for a 90% share of total exports. Moreover, chewing gum exports to Yemen exceeded the volume sent to the second major destination, Qatar (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Yemen stood at +178.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+171.7% per year) and Somalia (+41.4% per year).

In value terms, Qatar ($X), Yemen ($X) and Somalia ($X) were the largest markets for chewing gum exported from Oman worldwide, with a combined 98% share of total exports.

Qatar, with a CAGR of +250.6%, 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

The average chewing gum export price stood at $X per ton in 2021, with a decrease of -21.8% against the previous year. In general, the export price, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 132%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+28.5%), while the prices for the other major destinations experienced mixed trend patterns.

Chewing Gum Imports

Imports into Oman

In 2021, the amount of chewing gum imported into Oman surged to X tons, rising by 27% compared with the previous year. In general, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 44% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, chewing gum imports skyrocketed to $X in 2021. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 53% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Pakistan (X tons) were the main suppliers of chewing gum imports to Oman, together comprising 68% of total imports. These countries were followed by Saudi Arabia, Turkey, India, Ecuador, Indonesia and Brazil, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +67.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of chewing gum to Oman, comprising 70% of total imports. The second position in the ranking was taken by China ($X), with a 6.5% share of total imports. It was followed by Saudi Arabia, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +28.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+47.1% per year) and Saudi Arabia (+5.4% per year).

Import Prices by Country

In 2021, the average chewing gum import price amounted to $X per ton, waning by -2.1% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chewing gum import price decreased by -8.6% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 27%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Brazil ($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 (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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