Report Update Nov 1, 2024

Oman - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Crude Palm Oil Market 2024

Crude Palm Oil Market Size in Oman

In 2022, the Omani crude palm oil market increased by 0.3% to $X for the first time since 2012, thus ending a nine-year declining trend. In general, consumption showed a deep reduction. Crude palm oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Crude Palm Oil Exports

Exports from Oman

After five years of growth, shipments abroad of crude palm oil decreased by -1.6% to X tons in 2022. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, crude palm oil exports rose remarkably to $X in 2022. Overall, exports recorded a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for crude palm oil exports from Oman, with a 85% share of total exports. Moreover, crude palm oil exports to Qatar exceeded the volume sent to the second major destination, Yemen (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Qatar amounted to -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-15.6% per year) and Bahrain (+22.2% per year).

In value terms, Qatar ($X) emerged as the key foreign market for crude palm oil exports from Oman, comprising 72% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar amounted to -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+38.0% per year) and Yemen (-21.5% per year).

Export Prices by Country

The average crude palm oil export price stood at $X per ton in 2022, growing by 13% against the previous year. Overall, the export price, however, saw a mild slump. The pace of growth was the most pronounced in 2013 an increase of 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Qatar ($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 Saudi Arabia (+187.9%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Palm Oil Imports

Imports into Oman

In 2022, imports of crude palm oil into Oman fell to X tons, approximately reflecting the previous year. Over the period under review, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 2.7% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, crude palm oil imports reached $X in 2022. Overall, imports continue to indicate a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons) was the main supplier of crude palm oil to Oman, accounting for a 98% share of total imports. It was followed by Malaysia (X tons), with a 1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Indonesia amounted to +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-37.7% per year) and Singapore (-32.6% per year).

In value terms, Indonesia ($X) constituted the largest supplier of crude palm oil to Oman, comprising 99% of total imports. The second position in the ranking was held by Malaysia ($X), with a 0.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Indonesia totaled +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-49.3% per year) and Singapore (-40.7% per year).

Import Prices by Country

The average crude palm oil import price stood at $X per ton in 2022, growing by 2.4% against the previous year. Over the period under review, the import price, however, saw a perceptible shrinkage. Over the period under review, average import prices attained the peak figure 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 Indonesia ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in the world?

The country with the largest volume of crude palm oil consumption was Indonesia, comprising approx. 50% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia, twofold. India ranked third in terms of total consumption with a 9.9% share.

What are the largest producers of crude palm oil in the world?

Indonesia constituted the country with the largest volume of crude palm oil production, comprising approx. 58% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. Thailand ranked third in terms of total production with a 4.1% share.

What are the leading suppliers of crude palm oil to Oman?

In value terms, Indonesia constituted the largest supplier of crude palm oil to Oman, comprising 93% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 3.8% share of total imports.

What are the leading importers of crude palm oil from Oman?

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

What is the average export price for crude palm oil in Oman?

The average crude palm oil export price stood at $1,234 per ton in 2021, picking up by 1.7% against the previous year.

What is the average import price for crude palm oil in Oman?

In 2021, the average crude palm oil import price amounted to $670 per ton, picking up by 10% against the previous year.

This report provides an in-depth analysis of the crude palm 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 257 - Oil of palm

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