Report Update Nov 1, 2024

Oman - Cocoa Butter - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Cocoa Butter Market 2024

Cocoa Butter Market Size in Oman

The Omani cocoa butter market stood at $X in 2022, picking up by 1.7% against the previous year. Over the period under review, consumption, however, saw a pronounced downturn. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Cocoa Butter Production in Oman

In value terms, cocoa butter production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 36%. Cocoa butter production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Cocoa Butter Exports

Exports from Oman

In 2021, overseas shipments of cocoa butter decreased by -32.7% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 428%. The exports peaked at X tons in 2020, and then reduced dramatically in the following year.

In value terms, cocoa butter exports declined markedly to $X in 2021. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2018 when exports increased by 113% against the previous year. The exports peaked at $X in 2020, and then contracted markedly in the following year.

Exports by Country

Ethiopia (X tons) was the main destination for cocoa butter exports from Oman, accounting for a approx. 100% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of volume to Ethiopia was relatively modest.

In value terms, Ethiopia ($X) emerged as the key foreign market for cocoa butter exports from Oman.

From 2015 to 2021, the average annual rate of growth in terms of value to Ethiopia was relatively modest.

Export Prices by Country

The average cocoa butter export price stood at $X per ton in 2021, surging by 4.1% against the previous year. Over the period under review, the export price, however, faced a abrupt shrinkage. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ethiopia.

From 2015 to 2021, the rate of growth in terms of prices for Yemen amounted to -20.8% per year.

Cocoa Butter Imports

Imports into Oman

Cocoa butter imports into Oman surged to X tons in 2022, rising by 22% against 2021 figures. Overall, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 1,842% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cocoa butter imports dropped sharply to $X in 2022. In general, imports, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 2,277% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of cocoa butter to Oman, with a 63% share of total imports. Moreover, cocoa butter imports from Malaysia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia stood at -10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-6.1% per year) and the United States (-5.5% per year).

In value terms, the largest cocoa butter suppliers to Oman were the United States ($X), Malaysia ($X) and the United Arab Emirates ($X), together comprising 87% of total imports.

Among the main suppliers, the United States, with a CAGR of +15.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average cocoa butter import price amounted to $X per ton, with a decrease of -30.7% against the previous year. In general, the import price, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 an increase of 103% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped markedly in the following year.

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 States ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa butter in the world?

China constituted the country with the largest volume of cocoa butter consumption, accounting for 16% of total volume. Moreover, cocoa butter consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of cocoa butter in the world?

China remains the largest cocoa butter producing country worldwide, comprising approx. 16% of total volume. Moreover, cocoa butter production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 6% share.

What are the leading suppliers of cocoa butter to Oman?

In value terms, the United Arab Emirates and Malaysia constituted the largest cocoa butter suppliers to Oman.

What is the average export price for cocoa butter in Oman?

The average cocoa butter export price stood at $3,500 per ton in 2018, rising by 31% against the previous year.

What is the average import price for cocoa butter in Oman?

The average cocoa butter import price stood at $3,117 per ton in 2021, with an increase of 26% against the previous year.

This report provides an in-depth analysis of the cocoa butter market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 664 - Cocoa Butter

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023