Oman: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Oman

In 2021, after two years of growth, there was significant decline in the Omani rusks and toasted bread market, when its value decreased by -9.5% to $X. Over the period under review, consumption, however, enjoyed a remarkable increase. As a result, consumption attained the peak level of $X, and then fell in the following year.

Production of Rusks, Toasted Bread and Similar Toasted Products in Oman

In value terms, rusks and toasted bread production contracted dramatically to $X in 2021 estimated in export price. Overall, production, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2020 with an increase of 222% against the previous year. As a result, production attained the peak level of $X, and then dropped notably in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Oman

In 2021, shipments abroad of rusks, toasted bread and similar toasted products decreased by -53.5% to X tons, falling for the sixth year in a row after two years of growth. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 261%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, rusks and toasted bread exports contracted remarkably to $X in 2021. Overall, exports, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2015 when exports increased by 390%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X tons) was the main destination for rusks and toasted bread exports from Oman, with a 81% share of total exports. Moreover, rusks and toasted bread exports to Qatar exceeded the volume sent to the second major destination, Bahrain (X tons), more than tenfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to Qatar amounted to +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-18.2% per year) and the United Arab Emirates (-4.0% per year).

In value terms, Qatar ($X) emerged as the key foreign market for rusks, toasted bread and similar toasted products exports from Oman, comprising 50% of total exports. The second position in the ranking was held by Bahrain ($X), with a 21% share of total exports. It was followed by Jordan, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Qatar amounted to +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-4.0% per year) and Jordan (+2.7% per year).

Export Prices by Country

The average rusks and toasted bread export price stood at $X per ton in 2021, dropping by -26.4% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the average export price increased by 84%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat 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 Bahrain ($X per ton), while the average price for exports to Qatar ($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 Jordan (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Oman

In 2021, imports of rusks, toasted bread and similar toasted products into Oman surged to X tons, growing by 40% against 2020. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 76%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, rusks and toasted bread imports skyrocketed to $X in 2021. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 64%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of rusks and toasted bread imports to Oman, with a combined 77% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +44.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and India ($X) appeared to be the largest rusks and toasted bread suppliers to Oman, together accounting for 87% of total imports.

Saudi Arabia, with a CAGR of +50.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rusks and toasted bread import price stood at $X per ton in 2021, increasing by 5.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2019 an increase of 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average 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 United States ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :