Oman: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Oman

The Omani market for candies, sweets, and nonchocolate confectionery reduced dramatically to $X in 2022, shrinking by -26.4% against the previous year. Over the period under review, consumption recorded a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Candies, Sweets, and Nonchocolate Confectionery in Oman

In value terms, candy, sweets, and nonchocolate confectionery production reduced modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Oman

In 2022, the amount of candies, sweets, and nonchocolate confectionery exported from Oman shrank to X tons, which is down by -2.4% compared with the previous year. Overall, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +30.3% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 81% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery exports rose modestly to $X in 2022. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +10.9% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by 81%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Yemen (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Oman, with a 91% share of total exports. It was followed by Somalia (X tons), with a 1.7% share of total exports. India (X tons) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume to Yemen totaled +42.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (-2.7% per year) and India (-11.3% per year).

In value terms, Yemen ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from Oman, comprising 61% of total exports. The second position in the ranking was taken by India ($X), with a 4.2% share of total exports. It was followed by Somalia, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen stood at +41.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-4.2% per year) and Somalia (-3.3% per year).

Export Prices by Country

The average export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, picking up by 6.6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Yemen ($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 Bahrain (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Oman

In 2022, purchases abroad of candies, sweets, and nonchocolate confectionery decreased by -22.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 58% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped rapidly in the following year.

In value terms, candy, sweets, and nonchocolate confectionery imports reduced remarkably to $X in 2022. In general, imports, however, posted a temperate expansion. The pace of growth was the most pronounced in 2018 when imports increased by 51%. Imports peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest candy, sweets, and nonchocolate confectionery supplier to Oman, with a 35% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. India (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.8% per year) and India (+12.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of candies, sweets, and nonchocolate confectionery to Oman, comprising 53% of total imports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total imports. It was followed by China, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+7.9% per year) and China (+33.7% per year).

Import Prices by Country

In 2022, the average import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, which is down by -14.7% against the previous year. In general, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of 16%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 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 the United Arab Emirates ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :