Oman: Refined Cotton-Seed Oil Market 2025

Refined Cotton-Seed Oil Market Size in Oman

The Omani refined cotton-seed oil market reduced to $X in 2022, with a decrease of -6.8% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.8% against 2020 indices. Refined cotton-seed oil consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Refined Cotton-Seed Oil Production in Oman

In value terms, refined cotton-seed oil production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 36%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Refined Cotton-Seed Oil Exports

Exports from Oman

In 2022, the amount of refined cotton-seed oil exported from Oman expanded remarkably to X tons, surging by 8.9% compared with 2021. Overall, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2013 with an increase of 1,123% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, refined cotton-seed oil exports amounted to $X in 2022. In general, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of 591%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for refined cotton-seed oil exports from Oman, accounting for a 75% share of total exports. Moreover, refined cotton-seed oil exports to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X kg), fourfold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-21.5% per year) and the United Arab Emirates (-22.9% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for refined cotton-seed oil exports from Oman, comprising 71% of total exports. The second position in the ranking was held by Qatar ($X), with a 14% share of total exports. It was followed by Yemen, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-20.1% per year) and Yemen (-13.5% per year).

Export Prices by Country

In 2022, the average refined cotton-seed oil export price amounted to $X per ton, reducing by -6.2% against the previous year. Over the period under review, the export price, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2014 an increase of 116% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 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 Yemen ($X per ton), while the average price for exports to Qatar ($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 Bangladesh (+52.2%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Cotton-Seed Oil Imports

Imports into Oman

In 2022, the amount of refined cotton-seed oil imported into Oman fell sharply to X kg, reducing by -56.1% against the year before. Overall, imports continue to indicate a sharp descent. The pace of growth was the most pronounced in 2016 with an increase of 1,709% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, refined cotton-seed oil imports reduced notably to $X in 2022. Over the period under review, imports saw a precipitous decrease. The pace of growth was the most pronounced in 2016 with an increase of 1,688%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X kg) was the main refined cotton-seed oil supplier to Oman, with a 99% share of total imports. It was followed by India (X kg), with a 0.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled -42.4%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of refined cotton-seed oil to Oman, comprising 95% of total imports. The second position in the ranking was taken by India ($X), with a 2.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled -38.6%.

Import Prices by Country

The average refined cotton-seed oil import price stood at $X per ton in 2022, with an increase of 54% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. 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 India ($X per ton), while the price for the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+26.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :