Oman: Pistachio Market 2024

Pistachio Market Size in Oman

In 2022, the Omani pistachio market decreased by -61.9% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, enjoyed a perceptible expansion. Pistachio consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Pistachio Exports

Exports from Oman

In 2022, overseas shipments of pistachios increased by 17% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, exports posted a temperate expansion. The pace of growth was the most pronounced in 2014 with an increase of 385%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, pistachio exports reached $X in 2022. Overall, exports, however, showed a slight downturn. The growth pace was the most rapid in 2014 with an increase of 318% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for pistachio exports from Oman, accounting for a 54% share of total exports. Moreover, pistachio exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X kg), twofold. The third position in this ranking was taken by Qatar (X kg), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+134.3% per year) and Qatar (-16.3% per year).

In value terms, the United Arab Emirates ($X), Qatar ($X) and Saudi Arabia ($X) appeared to be the largest markets for pistachio exported from Oman worldwide, with a combined 100% share of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of +64.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average pistachio export price stood at $X per ton in 2022, dropping by -10.3% against the previous year. In general, the export price recorded a pronounced shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 94% against the previous year. As a result, the export price attained 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Canada ($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 Seychelles (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pistachio Imports

Imports into Oman

In 2022, overseas purchases of pistachios decreased by -69.2% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, saw a modest increase. The most prominent rate of growth was recorded in 2013 with an increase of 129% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, pistachio imports fell markedly to $X in 2022. Overall, imports, however, saw a measured expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 55%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of pistachio to Oman, with a 66% share of total imports. Moreover, pistachio imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+20.7% per year) and Iran (+57.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of pistachios to Oman, comprising 86% of total imports. The second position in the ranking was held by the United States ($X), with an 8.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.1% per year) and Iran (+45.9% per year).

Import Prices by Country

In 2022, the average pistachio import price amounted to $X per ton, growing by 40% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price 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, pistachio import price increased by +61.4% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 the United Arab Emirates (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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