Oman: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Oman

The Omani sugary soft drink market was estimated at $X in 2022, growing by 2.4% against the previous year. Overall, consumption, however, showed a mild setback. Sugary soft drink consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Sugary Soft Drink Production in Oman

In value terms, sugary soft drink production reduced modestly to $X in 2022 estimated in export price. In general, production, however, showed a mild contraction. The growth pace was the most rapid in 2019 when the production volume increased by 62% against the previous year. Sugary soft drink production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Sugary Soft Drink Exports

Exports from Oman

Sugary soft drink exports from Oman skyrocketed to X litres in 2022, increasing by 33% against 2021. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 351% against the previous year. The exports peaked at X litres in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugary soft drink exports skyrocketed to $X in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2017 when exports increased by 583%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Yemen (X litres), Qatar (X litres) and Djibouti (X litres) were the main destinations of sugary soft drink exports from Oman, together accounting for 85% of total exports. Iran, India and Somalia lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +161.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugary soft drink exported from Oman were Qatar ($X), Djibouti ($X) and Yemen ($X), with a combined 81% share of total exports. Iran, Somalia and India lagged somewhat behind, together comprising a further 16%.

Among the main countries of destination, India, with a CAGR of +139.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sugary soft drink export price amounted to $X per litre, waning by -4.6% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugary soft drink export price decreased by +0.7% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 52% against the previous year. The export price peaked at $X per litre in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per litre), while the average price for exports to Yemen ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports into Oman

In 2022, approx. X litres of sugary soft drinks were imported into Oman; with an increase of 38% on 2021. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. As a result, imports attained the peak of X litres. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sugary soft drink imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2020 with an increase of 40% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X litres) constituted the largest sugary soft drink supplier to Oman, accounting for a 58% share of total imports. Moreover, sugary soft drink imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X litres), threefold. Kuwait (X litres) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+41.9% per year) and Kuwait (+14.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of sugary soft drinks to Oman, comprising 52% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 21% share of total imports. It was followed by Indonesia, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+38.2% per year) and Indonesia (+11.0% per year).

Import Prices by Country

In 2022, the average sugary soft drink import price amounted to $X per litre, waning by -2.6% against the previous year. Over the period under review, the import price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 37%. As a result, import price reached the peak level of $X per litre. From 2017 to 2022, 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 Japan ($X per litre), while the price for Kuwait ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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