Oman: Herbicide Market 2024

Herbicide Market Size in Oman

After three years of growth, the Omani herbicide market decreased by -14.2% to $X in 2021. Over the period under review, consumption, however, saw a prominent expansion. Over the period under review, the market attained the peak level at $X in 2020, and then contracted in the following year.

Herbicide Production in Oman

In value terms, herbicide production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 85% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then shrank in the following year.

Herbicide Exports

Exports from Oman

In 2021, overseas shipments of herbicides decreased by -30.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a deep reduction. The pace of growth was the most pronounced in 2019 when exports increased by 1,427% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, herbicide exports dropped significantly to $X in 2021. Over the period under review, exports saw a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by 1,134% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for herbicide exports from Oman, accounting for a 99% share of total exports. It was followed by the United Arab Emirates (X kg), with a 0.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia was relatively modest.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for herbicides exports from Oman, comprising 100% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia was relatively modest.

Export Prices by Country

The average herbicide export price stood at $X per ton in 2021, shrinking by -1.6% against the previous year. Over the period under review, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 119% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (-5.6%).

Herbicide Imports

Imports into Oman

In 2021, approx. X tons of herbicides were imported into Oman; reducing by -31.8% on 2020. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 81%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, herbicide imports rose notably to $X in 2021. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 35% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest herbicide supplier to Oman, accounting for a 25% share of total imports. Moreover, herbicide imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Jordan (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia totaled +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+15.5% per year) and Jordan (-14.9% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of herbicides to Oman, comprising 41% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total imports. It was followed by Jordan, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia totaled +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+15.8% per year) and Jordan (-12.4% per year).

Import Prices by Country

The average herbicide import price stood at $X per ton in 2021, increasing by 64% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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