Oman: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Oman

In 2022, after four years of decline, there was significant growth in the Omani market for mixed condiments, sauses and seasonings, when its value increased by 17% to $X. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 -30.8% against 2017 indices. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Mixed Condiments, Sauses and Seasonings in Oman

In value terms, mixed condiment, sause and seasoning production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by 29%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Oman

In 2022, overseas shipments of mixed condiments, sauses and seasonings decreased by -8.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.1% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 40% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, mixed condiment, sause and seasoning exports reduced to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +109.6% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of 30% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Kuwait (X tons) were the main destinations of mixed condiment, sause and seasoning exports from Oman, together accounting for 70% of total exports. Qatar, Jordan, Bahrain and Malaysia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +21.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mixed condiment, sause and seasoning exported from Oman were Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X), together comprising 71% of total exports. Qatar, Bahrain, Jordan and Malaysia lagged somewhat behind, together accounting for a further 21%.

Qatar, with a CAGR of +23.4%, saw the highest growth rate of the value of exports, in terms of 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 export price for mixed condiments, sauses and seasonings amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2015 when the average export price increased by 38%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Malaysia ($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 Saudi Arabia (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Oman

In 2022, after ten years of growth, there was decline in purchases abroad of mixed condiments, sauses and seasonings, when their volume decreased by -1.1% to X tons. In general, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 33%. Imports peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, mixed condiment, sause and seasoning imports reduced to $X in 2022. Overall, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2014 when imports increased by 30%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of mixed condiment, sause and seasoning to Oman, accounting for a 42% share of total imports. Moreover, mixed condiment, sause and seasoning imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by India (X tons), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.2% per year) and India (+23.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of mixed condiments, sauses and seasonings to Oman, comprising 33% of total imports. The second position in the ranking was held by India ($X), with a 16% share of total imports. It was followed by the United States, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+28.3% per year) and the United States (+5.5% per year).

Import Prices by Country

The average import price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, reducing by -2.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then fell in the following year.

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 the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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