Oman: Peanut Butter Market 2025

Peanut Butter Market Size in Oman

The Omani peanut butter market expanded markedly to $X in 2022, growing by 5.5% against the previous year. Over the period under review, consumption recorded a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Peanut Butter Production in Oman

In value terms, peanut butter production rose markedly to $X in 2022 estimated in export price. In general, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 250% against the previous year. Peanut butter production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Peanut Butter Exports

Exports from Oman

In 2022, approx. X tons of peanut butter and prepared or preserved groundnuts were exported from Oman; increasing by 37% on 2021. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 542% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, peanut butter exports soared to $X in 2022. In general, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 245%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Yemen (X tons) was the main destination for peanut butter exports from Oman, accounting for a 97% share of total exports. It was followed by Qatar (X tons), with a 2.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Yemen stood at +99.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+0.0% per year) and Saudi Arabia (-19.4% per year).

In value terms, Yemen ($X) remains the key foreign market for peanut butter and prepared or preserved groundnuts exports from Oman, comprising 96% of total exports. The second position in the ranking was taken by Qatar ($X), with a 3.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen totaled +77.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+2.1% per year) and Saudi Arabia (+0.9% per year).

Export Prices by Country

The average peanut butter export price stood at $X per ton in 2022, dropping by -5.1% against the previous year. Overall, the export price, however, saw resilient growth. The growth pace was the most rapid in 2016 when the average export price increased by 74%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Yemen ($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 Saudi Arabia (+25.3%), while the prices for the other major destinations experienced mixed trend patterns.

Peanut Butter Imports

Imports into Oman

In 2022, after three years of growth, there was decline in supplies from abroad of peanut butter and prepared or preserved groundnuts, when their volume decreased by -1% to X tons. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 78%. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced slightly in the following year.

In value terms, peanut butter imports shrank slightly to $X in 2022. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 80%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of peanut butter to Oman, accounting for a 66% share of total imports. Moreover, peanut butter imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. The third position in this ranking was held by Canada (X tons), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.7% per year) and Canada (+75.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of peanut butter and prepared or preserved groundnuts to Oman, comprising 76% of total imports. The second position in the ranking was held by Canada ($X), with a 5.8% share of total imports. It was followed by India, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+78.5% per year) and India (+8.7% per year).

Import Prices by Country

The average peanut butter import price stood at $X per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2013 an increase of 39% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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