Report Update Nov 1, 2024

Oman - Crude Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Crude Maize Oil Market 2024

Crude Maize Oil Market Size in Oman

In 2022, the Omani crude maize oil market was finally on the rise to reach $X after three years of decline. In general, consumption showed a strong expansion. Crude maize oil consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Crude Maize Oil Production in Oman

In value terms, crude maize oil production expanded sharply to $X in 2022 estimated in export price. Overall, production recorded a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 113%. Crude maize oil production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Crude Maize Oil Exports

Exports from Oman

In 2022, approx. X tons of crude maize (corn) oil were exported from Oman; with a decrease of -40% compared with the previous year's figure. In general, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 399%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude maize oil exports contracted dramatically to $X in 2022. Overall, exports, however, continue to indicate a measured increase. The most prominent rate of growth was recorded in 2021 with an increase of 396% against the previous year. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Qatar (X tons) was the main destination for crude maize oil exports from Oman, with a 98% share of total exports. It was followed by Bahrain (X tons), with a 1.7% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Qatar stood at +9.4%.

In value terms, Qatar ($X) remains the key foreign market for crude maize (corn) oil exports from Oman, comprising 99% of total exports. The second position in the ranking was held by Bahrain ($X), with a 0.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar totaled +15.4%.

Export Prices by Country

The average crude maize oil export price stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 36% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; afterwards, it flattened through to 2022.

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 Bahrain amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Crude Maize Oil Imports

Imports into Oman

In 2022, supplies from abroad of crude maize (corn) oil increased by 164% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a deep contraction. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, crude maize oil imports skyrocketed to $X in 2022. In general, imports, however, showed a abrupt slump. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), South Korea (X tons) and Argentina (X tons) were the main suppliers of crude maize oil imports to Oman, with a combined 86% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +26.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest crude maize oil suppliers to Oman were the United States ($X), South Korea ($X) and Argentina ($X), together comprising 74% of total imports.

South Korea, with a CAGR of +10.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average crude maize oil import price amounted to $X per ton, increasing by 7.6% against the previous year. Overall, the import price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.8%), 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 crude maize (corn) oil in the world?

The country with the largest volume of crude maize oil consumption was the United States, comprising approx. 47% of total volume. Moreover, crude maize oil consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by Brazil, with a 3.2% share.

What are the largest producers of crude maize (corn) oil in the world?

The United States remains the largest crude maize oil producing country worldwide, comprising approx. 50% of total volume. Moreover, crude maize oil production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. Brazil ranked third in terms of total production with a 4.4% share.

What are the leading suppliers of crude maize (corn) oil to Oman?

In value terms, the largest crude maize oil suppliers to Oman were the United States, South Korea and China, with a combined 77% share of total imports.

What are the leading importers of crude maize (corn) oil from Oman?

In value terms, Qatar remains the key foreign market for crude maize oil exports from Oman.

What is the average export price for crude maize (corn) oil in Oman?

In 2021, the average crude maize oil export price amounted to $1,609 per ton, standing approx. at the previous year.

What is the average import price for crude maize (corn) oil in Oman?

In 2021, the average crude maize oil import price amounted to $742 per ton, declining by -7.2% against the previous year.

This report provides an in-depth analysis of the crude maize oil 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 60 - Oil of Maize

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
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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