Cereals; Millet, Seed Price in Oman - 2021
Contents:
Cereals; Millet, Seed Price in Oman (CIF) - 2022
In 2022, the average cereals; millet, seed import price amounted to $310 per ton, increasing by 7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 an increase of 51% against the previous year. Over the period under review, average import prices reached the peak figure at $363 per ton in 2018; however, from 2019 to 2022, 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 ($345 per ton), while the price for Pakistan ($228 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Cereals; Millet, Seed Imports in Oman
Cereals; millet, seed imports into Oman dropped rapidly to 946 tons in 2022, waning by -17.3% against the year before. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 58%. As a result, imports reached the peak of 1.1K tons, and then fell rapidly in the following year.
In value terms, cereals; millet, seed imports contracted to $293K in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. As a result, imports attained the peak of $330K, and then dropped in the following year.
| Import of Cereals; Millet, Seed in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 96.8 | 217 | 170 | 166 | 19.7% |
| India | 120 | 23.9 | 109 | 97.5 | -6.7% |
| Pakistan | 44.4 | 14.3 | 20.6 | 25.8 | -16.6% |
| Greece | N/A | N/A | 21.5 | N/A | 0% |
| Others | 6.0 | 0.1 | 9.2 | 3.7 | -14.9% |
| Total | 267 | 256 | 330 | 293 | 3.1% |
Top Suppliers of Cereals; Millet, Seed to Oman in 2022:
- United Arab Emirates (480.1 tons)
- India (352.2 tons)
- Pakistan (113.2 tons)
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