Oman: Dry Vegetable Market 2024

Dry Vegetable Market Size in Oman

In 2022, after five years of growth, there was significant decline in the Omani dry vegetable market, when its value decreased by -29.8% to $X. Over the period under review, consumption, however, continues to indicate strong growth. Over the period under review, the market hit record highs at $X in 2021, and then contracted significantly in the following year.

Dry Vegetable Production in Oman

In value terms, dry vegetable production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 17%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Dry Vegetable Exports

Exports from Oman

Dry vegetable exports from Oman skyrocketed to X tons in 2022, picking up by 90% compared with the year before. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 254% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, dry vegetable exports soared to $X in 2022. In general, exports saw a measured expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 199%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) and Qatar (X tons) were the main destinations of dry vegetable exports from Oman.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +100.0%).

In value terms, Qatar ($X) remains the key foreign market for dry vegetables exports from Oman, comprising 82% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at +1.9%.

Export Prices by Country

The average dry vegetable export price stood at $X per ton in 2022, increasing by 11% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dry vegetable export price increased by +60.7% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 45% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

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 the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+9.7%).

Dry Vegetable Imports

Imports into Oman

In 2022, purchases abroad of dry vegetables decreased by -40.4% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 93%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dry vegetable imports reduced notably to $X in 2022. Overall, imports, however, posted a strong increase. The growth pace was the most rapid in 2017 with an increase of 114% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Yemen (X tons), India (X tons) and Pakistan (X tons) were the main suppliers of dry vegetable imports to Oman, together accounting for 71% of total imports. The United Arab Emirates, China, Germany and the United States lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +31.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dry vegetable suppliers to Oman were Germany ($X), India ($X) and the United Arab Emirates ($X), with a combined 32% share of total imports.

Among the main suppliers, Germany, with a CAGR of +34.6%, recorded the highest growth rate of 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

In 2022, the average dry vegetable import price amounted to $X per ton, increasing by 39% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dry vegetable import price increased by +53.7% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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