Oman: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Oman

In 2022, the Omani market for malt extract and food preparations of flour, meal, and starches was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a abrupt descent. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Oman

For the fifth consecutive year, Oman recorded growth in shipments abroad of malt extract and food preparations of flour, meal, and starches, which increased by 0.4% to X tons in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 1,004%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of malt extract and food preparations of flour, meal, and starches dropped slightly to $X in 2022. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 1,109% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then fell slightly in the following year.

Exports by Country

The United States (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Oman, accounting for a 78% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to the United States exceeded the volume sent to the second major destination, Bahrain (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +132.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+76.3% per year) and Qatar (+525.2% per year).

In value terms, the United States ($X) emerged as the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Oman, comprising 74% of total exports. The second position in the ranking was held by Qatar ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +177.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+466.3% per year) and Bahrain (+83.8% per year).

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, falling by -2.9% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 33%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Bahrain ($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 Nigeria (+71.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Oman

In 2022, supplies from abroad of malt extract and food preparations of flour, meal, and starches increased by 13% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 134% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches expanded rapidly to $X in 2022. In general, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 120% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Denmark (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Oman, together accounting for 42% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +65.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch suppliers to Oman were Germany ($X), Denmark ($X) and the Netherlands ($X), with a combined 39% share of total imports.

Among the main suppliers, Germany, with a CAGR of +57.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, reducing by -6.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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