Oman: Modified Starches Market 2024

Modified Starches Market Size in Oman

In 2022, after two years of growth, there was significant decline in the Omani modified starches market, when its value decreased by -7.8% to $X. In general, consumption enjoyed a strong expansion. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Modified Starches Production in Oman

In value terms, modified starches production rose to $X in 2022 estimated in export price. In general, production showed a significant expansion. The growth pace was the most rapid in 2018 with an increase of 2,192%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Modified Starches Exports

Exports from Oman

In 2022, exports of dextrins and other modified starches from Oman declined significantly to X tons, dropping by -15.1% on 2021. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 1,551% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted remarkably in the following year.

In value terms, modified starches exports fell dramatically to $X in 2022. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 1,577%. The exports peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

The United Arab Emirates (X tons), Kuwait (X tons) and Saudi Arabia (X tons) were the main destinations of modified starches exports from Oman, together comprising 97% of total exports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +120.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for dextrins and other modified starches exports from Oman, comprising 54% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 25% share of total exports. It was followed by Kuwait, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +86.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+30.9% per year) and Kuwait (+100.5% per year).

Export Prices by Country

In 2022, the average modified starches export price amounted to $X per ton, with a decrease of -19.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 64%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Kuwait ($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 Pakistan (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Modified Starches Imports

Imports into Oman

In 2022, modified starches imports into Oman shrank to X tons, waning by -13.4% against the year before. Over the period under review, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2015 with an increase of 36%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, modified starches imports declined to $X in 2022. Overall, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), the United Arab Emirates (X tons) and the Netherlands (X tons) were the main suppliers of modified starches imports to Oman, with a combined 64% share of total imports. Turkey, Germany, Saudi Arabia, the United States and France lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +69.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest modified starches suppliers to Oman were the United Arab Emirates ($X), India ($X) and Germany ($X), together accounting for 52% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +53.6%, 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 more modest paces of growth.

Import Prices by Country

The average modified starches import price stood at $X per ton in 2022, picking up by 2.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+17.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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