Onion Price in Oman - 2022
Contents:
- Onion Price in Oman (CIF) - 2022
- Onion Price in Oman (FOB) - 2022
- Onion Imports in Oman
- Onion Exports in Oman
Onion Price in Oman (CIF) - 2022
In 2022, the average onion import price amounted to $345 per ton, picking up by 23% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 31% against the previous year. As a result, import price attained the peak level of $392 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($358 per ton), while the price for Iran ($170 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in Oman (FOB) - 2022
The average onion export price stood at $494 per ton in 2022, picking up by 52% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $529 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($677 per ton), while the average price for exports to the United Arab Emirates ($207 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 Kuwait (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Imports in Oman
For the third year in a row, Oman recorded decline in purchases abroad of onions (dry), which decreased by -4.3% to 76K tons in 2022. Over the period under review, imports showed a deep setback.
In value terms, onion imports stood at $25M in 2022. In general, imports showed a abrupt contraction.
| Import of Onion in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 17.7 | 10.7 | 5.1 | 11.9 | -12.4% |
| Egypt | 8.3 | 4.1 | 2.0 | 4.9 | -16.1% |
| Yemen | 0.4 | 2.0 | 3.3 | 3.0 | 95.7% |
| United Arab Emirates | 1.2 | 1.6 | 2.5 | 2.2 | 22.4% |
| Pakistan | 3.2 | 6.2 | 5.1 | 2.0 | -14.5% |
| Iran | 0.6 | 4.2 | 3.0 | 0.8 | 10.1% |
| Turkey | 0.1 | 0.3 | 0.7 | 0.1 | 0.0% |
| Others | 0.9 | 0.8 | 0.5 | 0.3 | -30.7% |
| Total | 32.5 | 29.9 | 22.1 | 25.2 | -8.1% |
Top Suppliers of Onion to Oman in 2022:
- India (33.4K tons)
- Egypt (13.6K tons)
- Yemen (8.4K tons)
- United Arab Emirates (8.1K tons)
- Pakistan (5.5K tons)
- Iran (5.0K tons)
- Turkey (0.9K tons)
Onion Exports in Oman
In 2022, after three years of growth, there was significant decline in overseas shipments of onions (dry), when their volume decreased by -6.1% to 3.5K tons. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 75%.
In value terms, onion exports soared to $1.7M in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 66%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Onion in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 125 | 291 | 406 | 1,000 | 100.0% |
| Qatar | 285 | 446 | 178 | 230 | -6.9% |
| United Arab Emirates | 3.1 | 0.2 | 288 | 195 | 297.7% |
| Saudi Arabia | 35.6 | 78.1 | 202 | 142 | 58.6% |
| Bahrain | 11.6 | 23.4 | 48.7 | 27.4 | 33.2% |
| Somalia | 17.0 | 11.4 | 29.9 | 20.5 | 6.4% |
| Others | 37.6 | 8.2 | 47.0 | 98.9 | 38.0% |
| Total | 516 | 858 | 1,200 | 1,714 | 49.2% |
Top Export Markets for Onion from Oman in 2022:
- Kuwait (1477.2 tons)
- United Arab Emirates (938.5 tons)
- Saudi Arabia (444.3 tons)
- Qatar (406.2 tons)
- Bahrain (66.4 tons)
- Somalia (36.1 tons)
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