Oman: Milk Market 2024

Milk Market Size in Oman

The Omani milk market amounted to $X in 2022, approximately mirroring the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Milk Production in Oman

In value terms, milk production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Milk Exports

Exports from Oman

After three years of growth, shipments abroad of milk decreased by X% to X tons in 2022. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted rapidly in the following year.

In value terms, milk exports dropped markedly to $X in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for milk exports from Oman, accounting for a X% share of total exports. Moreover, milk exports to the United Arab Emirates exceeded the volume sent to the second major destination, Yemen (X tons), sevenfold. The third position in this ranking was held by Somalia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (X% per year) and Somalia (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for milk exports from Oman, comprising X% of total exports. The second position in the ranking was taken by Yemen ($X), with a X% share of total exports. It was followed by Somalia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (X% per year) and Somalia (X% per year).

Export Prices by Country

The average milk export price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price recorded a perceptible decrease. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Milk Imports

Imports into Oman

In 2022, supplies from abroad of milk was finally on the rise to reach X tons after two years of decline. Overall, imports showed a slight increase. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, milk imports contracted to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main milk supplier to Oman, accounting for a X% share of total imports. It was followed by France (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of milk to Oman, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates was relatively modest.

Import Prices by Country

In 2022, the average milk import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price saw a mild decrease. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the United Arab Emirates amounted to $X per ton.

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

Source: IndexBox Platform

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