Oman: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Oman

In 2022, the Omani temporarily preserved vegetable market decreased by -67.5% to $X, falling for the third consecutive year after two years of growth. Overall, consumption showed a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Temporarily Preserved Vegetable Production in Oman

In value terms, temporarily preserved vegetable production totaled $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume decreased by 99.9% against the previous year. Over the period under review, production reached the peak level in 2022 and is likely to see steady growth in years to come.

Temporarily Preserved Vegetable Exports

Exports from Oman

For the fourth year in a row, Oman recorded decline in shipments abroad of vegetables (temporarily preserved), which decreased by -3.3% to X tons in 2022. Overall, exports saw a mild descent. The most prominent rate of growth was recorded in 2014 with an increase of 1,025% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, temporarily preserved vegetable exports declined to $X in 2022. Over the period under review, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 937%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X kg), India (X kg) and Italy (X kg) were the main destinations of temporarily preserved vegetable exports from Oman, together comprising 64% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +83.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and Bangladesh ($X) appeared to be the largest markets for temporarily preserved vegetable exported from Oman worldwide, with a combined 71% share of total exports. The United Arab Emirates, Italy, Germany and Qatar lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, Italy, with a CAGR of +46.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average temporarily preserved vegetable export price stood at $X per ton in 2022, picking up by 2% against the previous year. Overall, the export price showed prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 66%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Italy ($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 the United Arab Emirates (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Temporarily Preserved Vegetable Imports

Imports into Oman

In 2022, purchases abroad of vegetables (temporarily preserved) decreased by -66.3% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by 208% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, temporarily preserved vegetable imports declined remarkably to $X in 2022. In general, imports saw a perceptible slump. The pace of growth was the most pronounced in 2014 when imports increased by 160% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest temporarily preserved vegetable supplier to Oman, with a 46% share of total imports. Moreover, temporarily preserved vegetable imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Egypt (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-0.3% per year) and Spain (-10.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of vegetables (temporarily preserved) to Oman, comprising 54% of total imports. The second position in the ranking was taken by Egypt ($X), with a 13% share of total imports. It was followed by Spain, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +40.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+7.1% per year) and Spain (-3.2% per year).

Import Prices by Country

The average temporarily preserved vegetable import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, temporarily preserved vegetable import price increased by +85.9% against 2014 indices. The growth pace was the most rapid in 2018 an increase of 40%. The import price peaked at $X per ton in 2021, and then declined modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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