Oman: Market for Crude Sunflower-Seed And Safflower Oil 2025

Market Size for Crude Sunflower-Seed And Safflower Oil in Oman

The Omani market for crude sunflower-seed and safflower oil soared to $X in 2022, with an increase of 64% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a noticeable decline. Crude sunflower-seed and safflower oil consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Oman

In 2022, shipments abroad of crude sunflower-seed and safflower oil was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 164%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, crude sunflower-seed and safflower oil exports declined slightly to $X in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 198%. The exports peaked at $X in 2021, and then fell modestly in the following year.

Exports by Country

Yemen (X tons) was the main destination for crude sunflower-seed and safflower oil exports from Oman, accounting for a 59% share of total exports. Moreover, crude sunflower-seed and safflower oil exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by Qatar (X tons), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen amounted to +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+39.9% per year) and Qatar (+15.8% per year).

In value terms, the largest markets for crude sunflower-seed and safflower oil exported from Oman were Yemen ($X), the United Arab Emirates ($X) and Qatar ($X), with a combined 83% share of total exports. Somalia, Saudi Arabia and Bahrain lagged somewhat behind, together accounting for a further 17%.

Among the main countries of destination, Somalia, with a CAGR of +75.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for crude sunflower-seed and safflower oil amounted to $X per ton, with a decrease of -11.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 29% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

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 Qatar ($X per ton), while the average price for exports to Yemen ($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 Somalia (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Oman

In 2022, approx. X tons of crude sunflower-seed and safflower oil were imported into Oman; increasing by 76% on 2021 figures. Overall, imports, however, recorded a noticeable downturn. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, crude sunflower-seed and safflower oil imports skyrocketed to $X in 2022. In general, imports, however, showed a noticeable slump. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X tons), Ukraine (X tons) and Russia (X tons) were the main suppliers of crude sunflower-seed and safflower oil imports to Oman, with a combined 87% share of total imports. The United Arab Emirates and Bulgaria lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +85.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to Oman, comprising 50% of total imports. The second position in the ranking was held by Ukraine ($X), with a 24% share of total imports. It was followed by Russia, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-8.6% per year) and Russia (-5.6% per year).

Import Prices by Country

In 2022, the average import price for crude sunflower-seed and safflower oil amounted to $X per ton, with a decrease of -11.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 19%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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