Oman: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Oman

The Omani market for protein concentrates and flavoured or coloured sugar syrups amounted to $X in 2021, growing by 11% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.0% against 2019 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Oman

In value terms, production of protein concentrates and flavoured or coloured sugar syrups expanded significantly to $X in 2021 estimated in export price. Overall, production showed a buoyant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 93% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth remained at a lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Oman

In 2021, the amount of protein concentrates and flavoured or coloured sugar syrups exported from Oman reduced sharply to X tons, which is down by -77.4% against the previous year's figure. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 13,334% against the previous year. As a result, the exports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups surged to $X in 2021. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 3,027% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Nepal (X tons) was the main destination for exports of protein concentrates and flavoured or coloured sugar syrups from Oman, accounting for a 61% share of total exports. Moreover, exports of protein concentrates and flavoured or coloured sugar syrups to Nepal exceeded the volume sent to the second major destination, Tanzania (X tons), twofold. Kuwait (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to Nepal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+53.2% per year) and Kuwait (0.0% per year).

In value terms, Kuwait ($X) emerged as the key foreign market for protein concentrates and flavoured or coloured sugar syrups exports from Oman, comprising 44% of total exports. The second position in the ranking was held by Tanzania ($X), with a 21% share of total exports. It was followed by Egypt, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to Kuwait was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+60.5% per year) and Egypt (+279.5% per year).

Export Prices by Country

The average export price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, with an increase of 540% against the previous year. In general, the export price, however, showed a deep slump. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Oman

After six years of growth, supplies from abroad of protein concentrates and flavoured or coloured sugar syrups decreased by -6.8% to X tons in 2021. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 81%. Over the period under review, imports of reached the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups declined to $X in 2021. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 76%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest protein concentrate and flavoured or coloured sugar syrup supplier to Oman, with a 53% share of total imports. Moreover, imports of protein concentrates and flavoured or coloured sugar syrups from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+14.4% per year) and the UK (+33.4% per year).

In value terms, the largest protein concentrate and flavoured or coloured sugar syrup suppliers to Oman were the UK ($X), India ($X) and the United Arab Emirates ($X), with a combined 71% share of total imports. The United States, Italy and China lagged somewhat behind, together accounting for a further 22%.

In terms of the main suppliers, Italy, with a CAGR of +1,265.4%, 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

The average import price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, reducing by -6% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for protein concentrates and flavoured or coloured sugar syrups decreased by -31.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 41%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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