Oman: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Oman

The Omani fungicide and bactericide market dropped dramatically to $X in 2021, declining by -25.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Fungicide And Bactericide Exports

Exports from Oman

After six years of decline, shipments abroad of fungicides, bactericides and seed treatments decreased by 0% to X kg in 2021. Overall, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 31% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, fungicide and bactericide exports totaled $X in 2021. In general, exports continue to indicate a significant contraction. The smallest decline of -18.8% was in 2016. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Yemen (X kg) was the main destination for fungicide and bactericide exports from Oman, with a 70% share of total exports. Moreover, fungicide and bactericide exports to Yemen exceeded the volume sent to the second major destination, Saudi Arabia (X kg), fivefold. The third position in this ranking was taken by India (X kg), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Yemen totaled +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and India (0.0% per year).

It was followed by Yemen, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-34.1% per year) and Yemen (-38.8% per year).

Export Prices by Country

The average fungicide and bactericide export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price showed a precipitous curtailment. The most prominent rate of growth was recorded in 2013 a decrease of -6.4%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 India ($X per ton), while the average price for exports to Yemen ($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 Netherlands (-0.4%), while the prices for the other major destinations experienced a decline.

Fungicide And Bactericide Imports

Imports into Oman

In 2021, imports of fungicides, bactericides and seed treatments into Oman declined significantly to X tons, with a decrease of -29.4% against the previous year. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 80% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, fungicide and bactericide imports fell notably to $X in 2021. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 57%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest fungicide and bactericide supplier to Oman, with a 64% share of total imports. Moreover, fungicide and bactericide imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), eightfold. Jordan (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia totaled +48.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-10.2% per year) and Jordan (-13.7% per year).

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Jordan ($X) constituted the largest fungicide and bactericide suppliers to Oman, with a combined 57% share of total imports.

Saudi Arabia, with a CAGR of +30.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fungicide and bactericide import price stood at $X per ton in 2021, increasing by 8.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 33% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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