Oman: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Oman

After three years of growth, the Omani market for gingerbread, sweet biscuits and waffles decreased by -4.4% to $X in 2022. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +58.1% against 2018 indices. Over the period under review, the market hit record highs at $X in 2021, and then contracted slightly in the following year.

Production of Gingerbread, Sweet Biscuits and Waffles in Oman

In value terms, gingerbread, sweet biscuit and waffle production reduced slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 18%. Gingerbread, sweet biscuit and waffle production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Oman

Gingerbread, sweet biscuit and waffle exports from Oman expanded to X tons in 2022, rising by 4% compared with the previous year. In general, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +16.7% against 2019 indices. The pace of growth was the most pronounced in 2015 when exports increased by 58% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle exports rose sharply to $X in 2022. Over the period under review, exports showed a noticeable increase. The growth pace was the most rapid in 2015 when exports increased by 103% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Yemen (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Oman, accounting for a 52% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to Yemen exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen stood at +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+4.9% per year) and the United Arab Emirates (-1.1% per year).

In value terms, the largest markets for gingerbread, sweet biscuit and waffle exported from Oman were Yemen ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined 68% share of total exports.

Among the main countries of destination, Yemen, with a CAGR of +20.4%, saw the highest rates of growth with regard to 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 gingerbread, sweet biscuits and waffles amounted to $X per ton, surging by 1.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 29% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 Kuwait ($X per ton), while the average price for exports to Yemen ($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 Tanzania (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Oman

After three years of growth, purchases abroad of gingerbread, sweet biscuits and waffles decreased by -0.5% to X tons in 2022. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 72% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then declined modestly in the following year.

In value terms, gingerbread, sweet biscuit and waffle imports totaled $X in 2022. Overall, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2017 with an increase of 43%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and Egypt (X tons) were the main suppliers of gingerbread, sweet biscuit and waffle imports to Oman, together accounting for 72% of total imports. India, Saudi Arabia, Bahrain, Sri Lanka, Italy, Russia, Malaysia, Pakistan and the UK lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +128.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Oman, comprising 40% of total imports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total imports. It was followed by Egypt, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+40.9% per year) and Egypt (+26.7% per year).

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, flattening at the previous year. Overall, the import price, however, showed a pronounced contraction. The growth pace was the most rapid in 2018 an increase of 9.1% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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