Oman: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Oman

The Omani market for sweet biscuits, waffles and wafers stood at $X in 2021, increasing by 8.2% against the previous year. Overall, consumption saw a relatively flat trend pattern. Sweet biscuit, waffle and wafer consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Sweet Biscuits, Waffles and Wafers in Oman

In value terms, sweet biscuit, waffle and wafer production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced contraction. The growth pace was the most rapid in 2015 with an increase of 65%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Oman

In 2021, approx. X tons of sweet biscuits, waffles and wafers were exported from Oman; which is down by -12.1% against the year before. Over the period under review, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +8.2% against 2019 indices. The pace of growth was the most pronounced in 2015 when exports increased by 53% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, sweet biscuit, waffle and wafer exports contracted markedly to $X in 2021. In general, exports, however, enjoyed moderate growth. The pace of growth was the most pronounced in 2015 when exports increased by 103%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Yemen (X tons) was the main destination for sweet biscuit, waffle and wafer exports from Oman, with a 61% share of total exports. Moreover, sweet biscuit, waffle and wafer exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. Saudi Arabia (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to Yemen stood at +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-0.2% per year) and Saudi Arabia (-8.2% per year).

In value terms, Yemen ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the largest markets for sweet biscuit, waffle and wafer exported from Oman worldwide, with a combined 69% share of total exports.

Yemen, with a CAGR of +24.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, shrinking by -5.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 33%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Yemen ($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 (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Oman

In 2021, after two years of growth, there was decline in overseas purchases of sweet biscuits, waffles and wafers, when their volume decreased by -1.8% to X tons. In general, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 67% against the previous year. As a result, imports attained the peak of X tons, and then contracted modestly in the following year.

In value terms, sweet biscuit, waffle and wafer imports dropped slightly to $X in 2021. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 42%. Over the period under review, imports attained the peak figure at $X in 2020, and then contracted slightly in the following year.

Imports by Country

Turkey (X tons), the United Arab Emirates (X tons) and Egypt (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Oman, together comprising 73% of total imports. These countries were followed by India, Bahrain, Saudi Arabia, Italy, Russia, Malaysia, Pakistan and the UK, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bahrain (with a CAGR of +146.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of sweet biscuits, waffles and wafers to Oman, comprising 38% of total imports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total imports. It was followed by Egypt, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+45.8% per year) and Egypt (+29.0% per year).

Import Prices by Country

The average import price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, shrinking by -2% against the previous year. Overall, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of 9.2% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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