Oman: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Oman

The Omani market for processed cheese (excluding grated or powdered) rose markedly to $X in 2020, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 when the market value increased by X% against the previous year. Consumption peaked in 2020 and is likely to see gradual growth in years to come.

Exports of Processed cheese (excluding grated or powdered)

Exports from Oman

In 2020, overseas shipments of processed cheese (excluding grated or powdered) decreased by -X% to X tons, falling for the seventh consecutive year after three years of growth. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked at X tons in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) contracted dramatically to $X in 2020. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Qatar (X tons) was the main destination for exports of processed cheese (excluding grated or powdered) from Oman, with a X% share of total exports. Moreover, exports of processed cheese (excluding grated or powdered) to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X kg), sevenfold. The third position in this ranking was occupied by the United Arab Emirates (X kg), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Qatar totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-X% per year) and the United Arab Emirates (-X% per year).

In value terms, Qatar ($X) remains the key foreign market for processed cheese (excluding grated or powdered) exports from Oman, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Qatar stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Saudi Arabia (-X% per year).

Export Prices by Country

The average export price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, declining by -X% against the previous year. In general, the export price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2012 an increase of X% against the previous year. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced a decline.

Imports of Processed cheese (excluding grated or powdered)

Imports into Oman

Imports of processed cheese (excluding grated or powdered) into Oman rose remarkably to X tons in 2020, growing by X% on 2019 figures. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, imports of processed cheese (excluding grated or powdered) rose significantly to $X in 2020. In general, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to continue growth in years to come.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Egypt (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Oman, together comprising X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest processed cheese (excluding grated or powdered) suppliers to Oman were Saudi Arabia ($X), the United Arab Emirates ($X) and Egypt ($X), with a combined X% share of total imports.

Among the main suppliers, Saudi Arabia saw the highest growth rate of 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 2020, the average import price for processed cheese (excluding grated or powdered) amounted to $X per ton, growing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2012 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Bahrain ($X per ton) and Saudi Arabia ($X per ton), while the price for Poland ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Egypt, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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