Oman: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Oman

The Omani buttermilk and buttermilk powder market reduced notably to $X in 2022, which is down by -15.5% 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). In general, consumption, however, recorded a tangible expansion. Over the period under review, the market hit record highs at $X in 2021, and then shrank notably in the following year.

Exports of Buttermilk And Buttermilk Powder

Exports from Oman

In 2022, after six years of growth, there was significant decline in overseas shipments of buttermilk and buttermilk powder, when their volume decreased by -10.8% to X tons. Over the period under review, exports recorded a mild contraction. The growth pace was the most rapid in 2016 with an increase of 491% 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, buttermilk and buttermilk powder exports soared to $X in 2022. In general, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 574%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Yemen (X tons), Kuwait (X tons) and Bahrain (X tons) were the main destinations of buttermilk and buttermilk powder exports from Oman, together comprising 93% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of +10.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for buttermilk and buttermilk powder exported from Oman were Yemen ($X), Tanzania ($X) and Kuwait ($X), together accounting for 79% of total exports.

Tanzania, with a CAGR of +16.7%, saw the highest growth rate of the value of exports, among the main countries of destination 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 buttermilk and buttermilk powder export price amounted to $X per ton, surging by 30% against the previous year. Over the period under review, the export price, however, showed a slight setback. The export price peaked at $X per ton in 2016; however, from 2017 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 Tanzania ($X per ton), while the average price for exports to Bahrain ($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 Tanzania (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports into Oman

In 2022, imports of buttermilk and buttermilk powder into Oman declined to X tons, waning by -13.9% compared with the year before. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 102%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, buttermilk and buttermilk powder imports declined remarkably to $X in 2022. In general, imports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2016 with an increase of 57% against the previous year. Imports peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest buttermilk and buttermilk powder supplier to Oman, with a 65% share of total imports. Moreover, buttermilk and buttermilk powder imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. The third position in this ranking was taken by New Zealand (X tons), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+0.1% per year) and New Zealand (+22.0% per year).

In value terms, the largest buttermilk and buttermilk powder suppliers to Oman were the United Arab Emirates ($X), Saudi Arabia ($X) and New Zealand ($X), together accounting for 83% of total imports.

New Zealand, with a CAGR of +32.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average buttermilk and buttermilk powder import price amounted to $X per ton, falling by -4% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 46% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 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 New Zealand ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+8.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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