Report Update Nov 1, 2024

Oman - Sunflower Oilcake - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size in Oman

In 2021, the Omani sunflower oilcake market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a resilient expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Sunflower Oilcake Production in Oman

In value terms, sunflower oilcake production rose modestly to $X in 2021 estimated in export price. In general, production showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 93%. Sunflower oilcake production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Sunflower Oilcake Exports

Exports from Oman

In 2021, the amount of sunflower oilcake exported from Oman was estimated at X tons, remaining constant against 2020 figures. Overall, exports faced a sharp reduction. The growth pace was the most rapid in 2016 with an increase of 182%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sunflower oilcake exports totaled $X in 2021. Over the period under review, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2016 with an increase of 174% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for sunflower oilcake exports from Oman, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -29.5%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for sunflower oilcake exports from Oman.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at -30.8%.

Export Prices by Country

In 2021, the average sunflower oilcake export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price recorded a slight shrinkage. The pace of growth appeared the most rapid in 2014 when the average export price increased by 18%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -1.8% per year.

Sunflower Oilcake Imports

Imports into Oman

In 2021, after three years of growth, there was significant decline in purchases abroad of sunflower oilcake, when their volume decreased by -62.3% to X tons. Over the period under review, imports saw a pronounced slump. The most prominent rate of growth was recorded in 2018 when imports increased by 965%. Imports peaked at X tons in 2020, and then contracted sharply in the following year.

In value terms, sunflower oilcake imports reduced markedly to $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 562%. Over the period under review, imports attained the maximum at $X in 2020, and then fell markedly in the following year.

Imports by Country

India (X tons), Tanzania (X tons) and Ukraine (X tons) were the main suppliers of sunflower oilcake imports to Oman, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +22.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Tanzania ($X), Ukraine ($X) and the United Arab Emirates ($X) were the largest sunflower oilcake suppliers to Oman, together comprising 78% of total imports.

Ukraine, with a CAGR of +38.2%, 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

The average sunflower oilcake import price stood at $X per ton in 2021, reducing by -23.3% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sunflower oilcake import price increased by +46.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 91%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+73.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunflower oilcake in the world?

China remains the largest sunflower oilcake consuming country worldwide, comprising approx. 19% of total volume. Moreover, sunflower oilcake consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.6% share.

What are the largest producers of sunflower oilcake in the world?

The country with the largest volume of sunflower oilcake production was China, accounting for 17% of total volume. Moreover, sunflower oilcake production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by Ukraine, with a 6.5% share.

What are the leading suppliers of sunflower oilcake to Oman?

In value terms, India, Tanzania and the United Arab Emirates constituted the largest sunflower oilcake suppliers to Oman.

What are the leading importers of sunflower oilcake from Oman?

In value terms, the United Arab Emirates remains the key foreign market for sunflower oilcake exports from Oman.

What is the average export price for sunflower oilcake in Oman?

In 2016, the average sunflower oilcake export price amounted to $259 per ton, declining by -3.9% against the previous year.

What is the average import price for sunflower oilcake in Oman?

In 2020, the average sunflower oilcake import price amounted to $1,286 per ton, jumping by 59% against the previous year.

This report provides an in-depth analysis of the sunflower oilcake market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10414150 - Oilcake and other solid residues resulting from the extraction of sunflower seed fats or oils

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023