Oman: Olive Market 2025

Olive Market Size in Oman

In 2022, after five years of growth, there was decline in the Omani olive market, when its value decreased by -2.5% to $X. Over the period under review, consumption, however, recorded a notable expansion. Over the period under review, the market attained the peak level at $X in 2021, and then dropped slightly in the following year.

Olive Exports

Exports from Oman

In 2022, after five years of decline, there was significant growth in shipments abroad of olives, when their volume increased by 27% to X kg. Overall, exports, however, recorded a dramatic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 3,554% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, olive exports surged to $X in 2022. In general, exports, however, continue to indicate a precipitous setback. The growth pace was the most rapid in 2016 with an increase of 2,944%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bahrain (X kg) was the main destination for olive exports from Oman, with a 73% share of total exports. Moreover, olive exports to Bahrain exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain amounted to -11.6%.

In value terms, Bahrain ($X) emerged as the key foreign market for olives exports from Oman, comprising 68% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain stood at -4.8%.

Export Prices by Country

The average olive export price stood at $X per ton in 2022, jumping by 43% against the previous year. Overall, the export price enjoyed tangible growth. The most prominent rate of growth was recorded in 2020 an increase of 93%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bahrain stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+7.6%).

Olive Imports

Imports into Oman

In 2022, purchases abroad of olives decreased by -0.3% to X tons, falling for the third consecutive year after two years of growth. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 86%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, olive imports declined slightly to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 109%. Over the period under review, imports reached the peak figure at $X in 2021, and then fell slightly in the following year.

Imports by Country

Syrian Arab Republic (X tons), Egypt (X tons) and the United Arab Emirates (X tons) were the main suppliers of olive imports to Oman, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Syrian Arab Republic (with a CAGR of +40.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest olive suppliers to Oman were Syrian Arab Republic ($X), Egypt ($X) and the United Arab Emirates ($X), together accounting for 76% of total imports.

In terms of the main suppliers, Syrian Arab Republic, with a CAGR of +49.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average olive import price amounted to $X per ton, which is down by -2.7% against the previous year. Over the period under review, the import price, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 74% against the previous year. The import price peaked 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 Spain ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+52.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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