Oman: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Oman

In 2021, the Omani prepared dish and meal market increased by 18% to $X, rising for the second consecutive year after three years of decline. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.9% against 2019 indices. Prepared dish and meal consumption peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Prepared Dishes And Meals

Exports from Oman

Prepared dish and meal exports from Oman expanded modestly to X tons in 2021, rising by 1.5% compared with 2020. Overall, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 188%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, prepared dish and meal exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 227% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Yemen (X tons) was the main destination for prepared dish and meal exports from Oman, accounting for a 71% share of total exports. Moreover, prepared dish and meal exports to Yemen exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold. The third position in this ranking was taken by Qatar (X tons), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to Yemen totaled +78.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+26.3% per year) and Qatar (+82.2% per year).

In value terms, Yemen ($X) remains the key foreign market for prepared dishes and meals exports from Oman, comprising 63% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 15% share of total exports. It was followed by Qatar, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Yemen amounted to +83.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+29.6% per year) and Qatar (+85.0% per year).

Export Prices by Country

The average prepared dish and meal export price stood at $X per ton in 2021, surging by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2017 an increase of 19%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Somalia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Oman

In 2021, overseas purchases of prepared dishes and meals increased by 9% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 58% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, prepared dish and meal imports reached $X in 2021. Overall, imports posted a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 71%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of prepared dish and meal to Oman, with a 47% share of total imports. Moreover, prepared dish and meal imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was held by India (X tons), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+71.5% per year) and India (+26.9% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of prepared dishes and meals to Oman, comprising 36% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by Bahrain, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+54.1% per year) and Bahrain (+16.1% per year).

Import Prices by Country

In 2021, the average prepared dish and meal import price amounted to $X per ton, increasing by 3.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2019 an increase of 19% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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