Oman: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Oman

The Omani tomato ketchup market shrank to $X in 2022, which is down by -5.4% against the previous year. Overall, consumption, however, enjoyed prominent growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Tomato Ketchup Production in Oman

In value terms, tomato ketchup production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 44% against the previous year. Tomato ketchup production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Tomato Ketchup Exports

Exports from Oman

In 2022, the amount of tomato ketchup and tomato sauces exported from Oman reduced to X tons, dropping by -11.1% compared with 2021 figures. Overall, exports saw a perceptible setback. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato ketchup exports reduced dramatically to $X in 2022. Over the period under review, exports recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X tons), the United Arab Emirates (X tons) and South Africa (X tons) were the main destinations of tomato ketchup exports from Oman, together accounting for 54% 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 South Africa (with a CAGR of +71.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tomato ketchup exported from Oman were the United Arab Emirates ($X), Qatar ($X) and South Africa ($X), together comprising 57% of total exports.

In terms of the main countries of destination, South Africa, with a CAGR of +75.5%, saw the highest rates of growth with regard to 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

The average tomato ketchup export price stood at $X per ton in 2022, dropping by -4.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 34%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Yemen ($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 (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports

Imports into Oman

In 2022, after five years of growth, there was decline in overseas purchases of tomato ketchup and tomato sauces, when their volume decreased by -4.7% to X tons. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 36%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, tomato ketchup imports fell to $X in 2022. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of tomato ketchup to Oman, accounting for a 82% share of total imports. Moreover, tomato ketchup imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.2% per year) and the Netherlands (+9.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of tomato ketchup and tomato sauces to Oman, comprising 72% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.3% share of total imports. It was followed by the Netherlands, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.6% per year) and the Netherlands (+12.2% per year).

Import Prices by Country

In 2022, the average tomato ketchup import price amounted to $X per ton, reducing by -2.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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