Oman: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Oman

The Omani prepared baking powder market shrank significantly to $X in 2022, which is down by -21.4% against the previous year. In general, consumption, however, showed a resilient expansion. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Prepared Baking Powder Production in Oman

In value terms, prepared baking powder production dropped dramatically to $X in 2022 estimated in export price. Overall, production, however, recorded a significant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 2,737% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Prepared Baking Powder Exports

Exports from Oman

In 2022, shipments abroad of prepared baking powders increased by 10% to X kg for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of 263%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, prepared baking powder exports rose notably to $X in 2022. Over the period under review, exports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2013 when exports increased by 448% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Yemen (X kg) was the main destination for prepared baking powder exports from Oman, accounting for a 77% share of total exports. Moreover, prepared baking powder exports to Yemen exceeded the volume sent to the second major destination, Saudi Arabia (X kg), tenfold. Qatar (X kg) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen amounted to +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and Qatar (+14.9% per year).

In value terms, the largest markets for prepared baking powder exported from Oman were Yemen ($X), Saudi Arabia ($X) and Somalia ($X), with a combined 92% share of total exports.

Yemen, with a CAGR of +35.4%, recorded the highest growth rate of the value of exports, among 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

The average prepared baking powder export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 51%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood 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 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 Somalia (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports into Oman

In 2022, after two years of growth, there was significant decline in supplies from abroad of prepared baking powders, when their volume decreased by -15.1% to X tons. Overall, imports, however, continue to indicate notable growth. The pace of growth was the most pronounced in 2020 when imports increased by 75% against the previous year. Imports peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, prepared baking powder imports fell to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 75%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Malta (X tons) constituted the largest supplier of prepared baking powder to Oman, with a 43% share of total imports. Moreover, prepared baking powder imports from Malta exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malta was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+19.7% per year) and Saudi Arabia (+7.9% per year).

In value terms, Malta ($X), Italy ($X) and Saudi Arabia ($X) were the largest prepared baking powder suppliers to Oman, with a combined 85% share of total imports. China, India, Belgium, Kenya, Sri Lanka, Iran, Malaysia, the United Arab Emirates and France lagged somewhat behind, together accounting for a further 10%.

Iran, with a CAGR of +79.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 prepared baking powder import price 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 +1.8%. The pace of growth was the most pronounced in 2015 when the average import price increased by 15%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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