Price for Food Preparations Not Elsewhere Specified or Included in Oman - 2022
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Oman (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Oman (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Oman
- Exports of Food Preparations Not Elsewhere Specified or Included in Oman
Price for Food Preparations Not Elsewhere Specified or Included in Oman (CIF) - 2022
In December 2022, the average import price for food preparations not elsewhere specified or included amounted to $17,399 per ton, which is down by -20.8% against the previous month. Over the period under review, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 48% m-o-m. Over the period under review, average import prices hit record highs at $34,258 per ton in January 2022; however, from February 2022 to December 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the highest price was recorded for prices from the United Arab Emirates ($8,099 per ton) and India ($7,563 per ton), while the price for the United States ($5,745 per ton) and the UK ($6,872 per ton) were amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Oman (FOB) - 2022
The average export price for food preparations not elsewhere specified or included stood at $2,957 per ton in 2022, growing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2017 an increase of 19% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to +25.9% per year.
Imports of Food Preparations Not Elsewhere Specified or Included in Oman
After three years of growth, supplies from abroad of food preparations not elsewhere specified or included decreased by -3.2% to 25K tons in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 57%.
In value terms, imports of food preparations not elsewhere specified or included contracted to $92M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.4% 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 +78.9% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 65%.
| Import of Food Preparations Not Elsewhere Specified or Included in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 25.8 | 32.8 | 35.2 | 92.0 | 52.8% |
| Djibouti | N/A | 5.6 | N/A | N/A | 0% |
| France | 0.6 | 5.8 | 13.1 | N/A | 367.3% |
| Lebanon | 0.9 | 1.1 | 0.8 | N/A | -5.7% |
| India | 2.7 | 7.6 | 6.5 | N/A | 55.2% |
| Saudi Arabia | 1.2 | 2.2 | 2.9 | N/A | 55.5% |
| Bahrain | 6.3 | 8.8 | 9.5 | N/A | 22.8% |
| Others | 13.9 | 21.2 | 31.0 | N/A | 49.3% |
| Total | 51.4 | 85.0 | 99.1 | 92.0 | 21.4% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Oman in 2022:
- United Arab Emirates (25.2K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Oman
In 2022, approx. 1.2K tons of food preparations not elsewhere specified or included were exported from Oman; falling by -12% compared with the previous year. Over the period under review, exports showed a sharp setback. The pace of growth was the most pronounced in 2021 when exports increased by 14% against the previous year.
In value terms, exports of food preparations not elsewhere specified or included shrank slightly to $3.6M in 2022. Overall, exports saw a sharp reduction. The growth pace was the most rapid in 2021 when exports increased by 4.5% against the previous year.
| Export of Food Preparations Not Elsewhere Specified or Included in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.7 | 0.3 | 0.3 | 3.6 | 28.4% |
| Somalia | 2.7 | 0.2 | N/A | N/A | -92.6% |
| Qatar | 2.5 | 0.3 | 0.3 | N/A | -65.4% |
| Iran | 0.7 | N/A | 0.1 | N/A | -62.2% |
| Yemen | 1.3 | 2.4 | 2.3 | N/A | 33.0% |
| Saudi Arabia | 0.4 | N/A | 0.5 | N/A | 11.8% |
| Others | 0.9 | 0.4 | 0.2 | N/A | -52.9% |
| Total | 10.2 | 3.5 | 3.7 | 3.6 | -29.3% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Oman in 2022:
- United Arab Emirates (1.2K tons)
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