Oman: Inactive Yeast Market 2024

Inactive Yeast Market Size in Oman

In 2021, after three years of growth, there was significant decline in the Omani inactive yeast market, when its value decreased by -19% to $X. In general, consumption, however, continues to indicate prominent growth. Inactive yeast consumption peaked at $X in 2020, and then plummeted in the following year.

Inactive Yeast Production in Oman

In value terms, inactive yeast production declined rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 100%. Over the period under review, production attained the peak level at $X in 2020, and then shrank significantly in the following year.

Inactive Yeast Exports

Exports from Oman

For the fourth year in a row, Oman recorded decline in overseas shipments of inactive yeasts and other dead single-cell micro-organisms, which decreased by -44.9% to X kg in 2021. Overall, exports recorded a sharp reduction. The growth pace was the most rapid in 2015 when exports increased by 16,056%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, inactive yeast exports declined to $X in 2021. In general, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2015 with an increase of 14,566% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Qatar (X kg) was the main destination for inactive yeast exports from Oman, accounting for a 97% share of total exports. It was followed by Singapore (X kg), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Qatar stood at -13.9%.

In value terms, Qatar ($X) remains the key foreign market for inactive yeasts and other dead single-cell micro-organisms exports from Oman, comprising 96% of total exports. The second position in the ranking was held by Singapore ($X), with a 2.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Qatar totaled -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (0.0% per year) and the United Arab Emirates (-61.8% per year).

Export Prices by Country

The average inactive yeast export price stood at $X per ton in 2021, jumping by 55% against the previous year. In general, the export price posted a remarkable increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 119%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Singapore ($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 (+29.1%).

Inactive Yeast Imports

Imports into Oman

In 2021, approx. X tons of inactive yeasts and other dead single-cell micro-organisms were imported into Oman; growing by 14% against the previous year. Overall, imports recorded perceptible growth. The pace of growth was the most pronounced in 2014 when imports increased by 1,056% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, inactive yeast imports surged to $X in 2021. Over the period under review, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 1,644% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest inactive yeast supplier to Oman, accounting for a 49% share of total imports. Moreover, inactive yeast imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Turkey (X kg), with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+166.4% per year) and Turkey (-24.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of inactive yeasts and other dead single-cell micro-organisms to Oman, comprising 54% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by France, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+101.2% per year) and France (-18.2% per year).

Import Prices by Country

The average inactive yeast import price stood at $X per ton in 2021, surging by 33% against the previous year. Overall, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +10.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, inactive yeast import price increased by +33.2% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 51% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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 France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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