Oman: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Oman

The Omani market for crispbread, rusks and toasted bread totaled $X in 2022, growing by 2.6% against the previous year. Overall, consumption posted a remarkable increase. Crispbread, rusk and toasted bread consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Crispbread, Rusks and Toasted Bread in Oman

In value terms, crispbread, rusk and toasted bread production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 176% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Crispbread, Rusks and Toasted Bread

Exports from Oman

In 2022, after three years of decline, there was significant growth in overseas shipments of crispbread, rusks and toasted bread, when their volume increased by 32% to X tons. Overall, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 230% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, crispbread, rusk and toasted bread exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2015 when exports increased by 386%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Bahrain (X tons) and Qatar (X tons) were the main destinations of crispbread, rusk and toasted bread exports from Oman, with a combined 54% share of total exports. Jordan, Mauritius, Sri Lanka and Seychelles lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Seychelles (with a CAGR of +23.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X) remains the key foreign market for crispbread, rusks and toasted bread exports from Oman, comprising 41% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Sri Lanka, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to Bahrain amounted to +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+18.1% per year) and Sri Lanka (+35.3% per year).

Export Prices by Country

In 2022, the average export price for crispbread, rusks and toasted bread amounted to $X per ton, reducing by -7.6% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crispbread, rusk and toasted bread export price increased by +79.7% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 82%. The export price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to the United Arab Emirates ($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 Bahrain (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Oman

In 2022, after four years of growth, there was significant decline in overseas purchases of crispbread, rusks and toasted bread, when their volume decreased by -12.5% to X tons. In general, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 70% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, crispbread, rusk and toasted bread imports shrank sharply to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2018 with an increase of 63% against the previous year. Imports peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of crispbread, rusk and toasted bread imports to Oman, together comprising 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +36.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crispbread, rusk and toasted bread suppliers to Oman were Saudi Arabia ($X), the United Arab Emirates ($X) and India ($X), with a combined 84% share of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of +39.3%, 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 more modest paces of growth.

Import Prices by Country

The average import price for crispbread, rusks and toasted bread stood at $X per ton in 2022, waning by -3.1% against the previous year. In general, the import price, however, showed a mild increase. The pace of growth was the most pronounced in 2019 an increase of 22%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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