Oman: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Oman

The Omani orange juice (single strength) market fell markedly to $X in 2021, which is down by -81.8% against the previous year. Over the period under review, consumption continues to indicate a abrupt setback. Orange juice (single strength) consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Orange Juice (Single Strength) in Oman

In value terms, orange juice (single strength) production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 13%. Orange juice (single strength) production peaked at $X in 2020, and then shrank slightly in the following year.

Exports of Orange Juice (Single Strength)

Exports from Oman

In 2021, orange juice (single strength) exports from Oman surged to X tons, increasing by 215% against 2020 figures. In general, exports saw a resilient expansion. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, orange juice (single strength) exports skyrocketed to $X in 2021. Over the period under review, exports showed moderate growth. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Somalia (X tons) was the main destination for orange juice (single strength) exports from Oman, accounting for a 50% share of total exports. Moreover, orange juice (single strength) exports to Somalia exceeded the volume sent to the second major destination, Qatar (X tons), twofold. Iran (X tons) ranked third in terms of total exports with a 21% share.

From 2012 to 2021, the average annual growth rate of volume to Somalia stood at +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+16.5% per year) and Iran (-1.2% per year).

In value terms, Somalia ($X) remains the key foreign market for orange juice (single strength) exports from Oman, comprising 63% of total exports. The second position in the ranking was taken by Qatar ($X), with a 19% share of total exports. It was followed by Iran, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Somalia stood at +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+9.2% per year) and Iran (-5.0% per year).

Export Prices by Country

The average orange juice (single strength) export price stood at $X per ton in 2021, falling by -26.6% against the previous year. Overall, the export price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Somalia ($X per ton), while the average price for exports to Iran ($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 Yemen (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Orange Juice (Single Strength)

Imports into Oman

In 2021, purchases abroad of orange juice (single strength) increased by 4.3% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports saw a noticeable expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 199%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, orange juice (single strength) imports reached $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 285%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Turkey (X tons) were the main suppliers of orange juice (single strength) imports to Oman, together comprising 74% of total imports.

From 2012 to 2021, the biggest increases were in Saudi Arabia (with a CAGR of +31.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Turkey ($X) constituted the largest orange juice (single strength) suppliers to Oman, with a combined 70% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +30.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average orange juice (single strength) import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 59% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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