Oman: Unmanufactured Tobacco Market 2024

Unmanufactured Tobacco Market Size in Oman

The Omani unmanufactured tobacco market soared to $X in 2022, jumping by 64% against the previous year. In general, consumption, however, recorded a noticeable slump. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Unmanufactured Tobacco Production in Oman

In value terms, unmanufactured tobacco production rose rapidly to $X in 2022 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.1% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 40% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

In 2022, the average unmanufactured tobacco yield in Oman contracted to X tons per ha, approximately mirroring the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 0.9% against the previous year. The unmanufactured tobacco yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of tobacco (unmanufactured) were harvested in Oman; remaining stable against 2021. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 1.2%. Over the period under review, the harvested area dedicated to unmanufactured tobacco production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Unmanufactured Tobacco Exports

Exports from Oman

After two years of growth, overseas shipments of tobacco (unmanufactured) decreased by -22.4% to X tons in 2022. Overall, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 78%. As a result, the exports attained the peak of X tons, and then declined sharply in the following year.

In value terms, unmanufactured tobacco exports shrank significantly to $X in 2022. In general, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 106% against the previous year. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

Saudi Arabia (X tons), Qatar (X tons) and Bahrain (X tons) were the main destinations of unmanufactured tobacco exports from Oman, together comprising 83% of total exports. Somalia, Kuwait and the United Arab Emirates lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +25.1%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for tobacco (unmanufactured) exports from Oman, comprising 56% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 23% share of total exports. It was followed by Bahrain, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar stood at +31.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-1.9% per year) and Bahrain (+6.3% per year).

Export Prices by Country

The average unmanufactured tobacco export price stood at $X per ton in 2022, with a decrease of -4.4% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unmanufactured tobacco export price increased by +87.5% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 48% against the previous year. The export price peaked at $X per ton in 2021, and then reduced modestly 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 Qatar ($X per ton), while the average price for exports to Somalia ($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 Qatar (+10.9%), while the prices for the other major destinations experienced mixed trend patterns.

Unmanufactured Tobacco Imports

Imports into Oman

In 2022, after two years of growth, there was decline in purchases abroad of tobacco (unmanufactured), when their volume decreased by -3% to X tons. Over the period under review, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2014 with an increase of 156% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, unmanufactured tobacco imports declined to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 211%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of unmanufactured tobacco to Oman, accounting for a 66% share of total imports. Moreover, unmanufactured tobacco imports from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-1.3% per year) and Egypt (-5.5% per year).

In value terms, the largest unmanufactured tobacco suppliers to Oman were India ($X), the United Arab Emirates ($X) and Egypt ($X), with a combined 100% share of total imports.

In terms of the main suppliers, India, with a CAGR of +3.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average unmanufactured tobacco import price amounted to $X per ton, dropping by -4% against the previous year. Over the period under review, the import price, however, recorded measured growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 884%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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