Oman: Wheat Starch Market 2024

Wheat Starch Market Size in Oman

In 2021, the Omani wheat starch market decreased by -23.1% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, saw strong growth. As a result, consumption attained the peak level of $X, and then declined notably in the following year.

Wheat Starch Production in Oman

In value terms, wheat starch production shrank markedly to $X in 2021 estimated in export price. In general, production, however, saw resilient growth. The growth pace was the most rapid in 2020 when the production volume increased by 97% against the previous year. As a result, production attained the peak level of $X, and then reduced markedly in the following year.

Wheat Starch Exports

Exports from Oman

In 2021, shipments abroad of wheat starch decreased by -20.1% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 160% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then shrank notably in the following year.

In value terms, wheat starch exports soared to $X in 2021. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 107% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates (X tons) was the main destination for wheat starch exports from Oman, accounting for a 61% share of total exports. Moreover, wheat starch exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), fourfold. The third position in this ranking was taken by Kuwait (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +60.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+70.1% per year) and Kuwait (+27.8% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for wheat starch exports from Oman, comprising 64% of total exports. The second position in the ranking was held by Qatar ($X), with a 16% share of total exports. It was followed by Kuwait, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +68.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+63.1% per year) and Kuwait (+33.6% per year).

Export Prices by Country

In 2021, the average wheat starch export price amounted to $X per ton, picking up by 78% against the previous year. In general, the export price continues to indicate a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia ($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 Saudi Arabia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Starch Imports

Imports into Oman

Wheat starch imports into Oman totaled X tons in 2021, picking up by 8.2% compared with the previous year. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 134% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, wheat starch imports dropped modestly to $X in 2021. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 263% against the previous year. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest wheat starch supplier to Oman, with a 83% share of total imports. Moreover, wheat starch imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +88.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+28.7% per year) and Australia (+38.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of wheat starch to Oman, comprising 60% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +88.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+52.1% per year) and Australia (+65.6% per year).

Import Prices by Country

In 2021, the average wheat starch import price amounted to $X per ton, reducing by -12.1% against the previous year. Overall, the import price, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 56%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :