Oman: Honey Market 2024

Honey Market Size in Oman

The Omani honey market was estimated at $X in 2022, rising by 11% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.8% against 2020 indices. Honey consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Honey Production in Oman

In value terms, honey production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 72%. Honey production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Honey Exports

Exports from Oman

Honey exports from Oman dropped rapidly to X tons in 2022, reducing by -29.8% compared with 2021 figures. In general, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 190% against the previous year. The exports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, honey exports fell remarkably to $X in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 217% against the previous year. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Saudi Arabia (X tons), Qatar (X tons) and Lebanon (X tons) were the main destinations of honey exports from Oman, together comprising 79% of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +169.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Saudi Arabia ($X) and Lebanon ($X) were the largest markets for honey exported from Oman worldwide, together accounting for 77% of total exports.

Saudi Arabia, with a CAGR of +117.6%, recorded 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 honey export price amounted to $X per ton, declining by -6.4% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, honey export price increased by +6.2% against 2020 indices. The growth pace was the most rapid in 2015 an increase of 29%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Honey Imports

Imports into Oman

In 2022, approx. X tons of honey were imported into Oman; picking up by 7.5% on the previous year. In general, imports saw a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 32% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, honey imports amounted to $X in 2022. Over the period under review, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 35% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

China (X tons), Yemen (X tons) and India (X tons) were the main suppliers of honey imports to Oman, together comprising 75% of total imports. Australia, Iran, the United Arab Emirates and Saudi Arabia lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +72.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Yemen ($X) constituted the largest supplier of honey to Oman, comprising 43% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Australia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Yemen totaled +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.7% per year) and Australia (-2.0% per year).

Import Prices by Country

In 2022, the average honey import price amounted to $X per ton, falling by -6.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :