Oman: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Oman

The Omani whole fresh milk market reached $X in 2022, picking up by 2% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Whole Fresh Milk Production in Oman

In value terms, whole fresh milk production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 49%. Whole fresh milk production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Whole Fresh Milk Exports

Exports from Oman

Whole fresh milk exports from Oman surged to X tons in 2022, with an increase of 43% against 2021. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,166% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, whole fresh milk exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 1,946% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for whole fresh milk exports from Oman, with a 96% share of total exports. It was followed by Somalia (X tons), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +79.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+13.6% per year) and Qatar (-59.8% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for whole fresh milk exports from Oman, comprising 95% of total exports. The second position in the ranking was held by Somalia ($X), with a 2.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +68.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+7.8% per year) and Qatar (-65.2% per year).

Export Prices by Country

In 2022, the average whole fresh milk export price amounted to $X per ton, flattening at the previous year. In general, the export price showed a deep slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 161% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Somalia (-5.1%), while the prices for the other major destinations experienced a decline.

Whole Fresh Milk Imports

Imports into Oman

In 2022, after two years of decline, there was significant growth in overseas purchases of whole fresh milk, when their volume increased by 27% to X tons. In general, imports, however, recorded a pronounced slump. The growth pace was the most rapid in 2015 when imports increased by 236% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, whole fresh milk imports surged to $X in 2022. Over the period under review, imports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 224%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of whole fresh milk to Oman, accounting for a 87% share of total imports. Moreover, whole fresh milk imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to -1.6%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of whole fresh milk to Oman, comprising 85% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at -4.5%.

Import Prices by Country

The average whole fresh milk import price stood at $X per ton in 2022, shrinking by -2% against the previous year. In general, the import price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2013 when the average import price increased by 15% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-1.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :