Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Oman - 2022

Contents:

  1. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Oman (CIF) - 2022
  2. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Oman (FOB) - 2022
  3. Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Oman
  4. Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Oman

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Oman (CIF) - 2022

The average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $1,697 per ton in 2022, falling by -11% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia decreased by -18.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 51%. The import price peaked at $2,089 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Morocco ($2,786 per ton), while the price for Turkey ($1,043 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Oman (FOB) - 2022

In 2022, the average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $2,208 per ton, surging by 95% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2022, the rate of growth in terms of prices for Yemen amounted to +38.2% per year.

Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Oman

After three years of growth, supplies from abroad of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia decreased by -18.4% to 76 tons in 2022. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of 93 tons, and then dropped notably in the following year.

In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia declined significantly to $129K in 2022. Over the period under review, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of $178K, and then dropped notably in the following year.

Import of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates81.592.710879.6-0.8%
Spain37.929.222.625.4-12.5%
Egypt9.410.915.913.713.4%
Morocco3.13.55.04.210.7%
United StatesN/AN/A9.4N/A0%
Algeria2.3N/A8.3N/A90.0%
Others5.35.78.86.25.4%
Total140142178129-2.7%

Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to Oman in 2022:

  1. United Arab Emirates (38.6 tons)
  2. Spain (20.1 tons)
  3. Egypt (12.6 tons)
  4. Morocco (1.5 tons)

Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Oman

In 2022, approx. 72 kg of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia were exported from Oman; waning by -80.5% against the previous year's figure. Over the period under review, exports faced a sharp slump. The smallest decline of -55.8% was in 2021.

In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia contracted significantly to $159 in 2022. In general, exports continue to indicate a dramatic descent. The smallest decline of -38.5% was in 2021.

Export of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Oman (USD)
COUNTRY202020212022CAGR,
2020-2022
MaldivesN/AN/A1590%
Yemen683415N/A-39.2%
OthersN/A5.0N/A0%
Total683420159-51.8%

Top Export Markets for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from Oman in 2022:

  1. Maldives (72.0 kg)

Source: IndexBox Market Intelligence Platform

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