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Oman - Rum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRum Price in Oman - 2021
Contents:
Rum Price in Oman (CIF) - 2022
In 2022, the average rum import price amounted to $3 per litre, surging by 26% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rum import price increased by +140.3% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 53% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
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 Italy ($6.7 per litre), while the price for India ($1.1 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Rum Price in Oman (FOB) - 2022
The average rum export price stood at $8.7 per litre in 2022, flattening at the previous year. Overall, the export price saw prominent growth. The growth pace was the most rapid in 2019 an increase of 65%. As a result, the export price attained the peak level of $8.8 per litre. From 2020 to 2022, the average export prices remained at a lower figure.
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 Qatar amounted to +7.9% per year.
Rum Imports in Oman
In 2022, the amount of rum imported into Oman declined to 301K litres, shrinking by -5.3% compared with 2021. Overall, imports faced a precipitous slump. Imports peaked at 766K litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, rum imports skyrocketed to $903K in 2022. In general, imports showed a slight descent. Imports peaked at $1.1M in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
Import of Rum in Oman (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 325 | 363 | 230 | 249 | -8.5% |
Australia | 171 | 204 | 122 | 123 | -10.4% |
Italy | 158 | 36.2 | 69.7 | 123 | -8.0% |
Chile | 42.6 | 58.2 | 39.8 | 45.8 | 2.4% |
Argentina | 31.2 | 42.6 | 29.1 | 33.3 | 2.2% |
India | 62.9 | 102 | 62.5 | 27.9 | -23.7% |
South Africa | 32.0 | 37.2 | 21.7 | 21.3 | -12.7% |
Ireland | 25.6 | 26.3 | 13.5 | 11.7 | -23.0% |
Spain | 12.8 | 14.3 | 8.0 | 7.6 | -16.0% |
Others | 95.8 | 167 | 158 | 261 | 39.7% |
Total | 957 | 1,051 | 755 | 903 | -1.9% |
Top Suppliers of Rum to Oman in 2022:
- United Arab Emirates (106.5K litres)
- Australia (42.5K litres)
- India (25.8K litres)
- Italy (18.2K litres)
- Argentina (16.2K litres)
- Chile (15.9K litres)
- South Africa (13.6K litres)
- Ireland (10.1K litres)
- Spain (3.9K litres)
Rum Exports in Oman
In 2022, after two years of decline, there was decline in shipments abroad of rum, when their volume decreased by 0% to 2.7K litres. Over the period under review, exports saw a drastic downturn. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs at 3.9K litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, rum exports stood at $23K in 2022. In general, exports continue to indicate a abrupt contraction. The smallest decline of 99.9% was in 2020. The exports peaked at $34K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Rum in Oman (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 34.4 | N/A | N/A | 23.1 | -12.4% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 34.4 | N/A | N/A | 23.1 | -12.4% |
Top Export Markets for Rum from Oman in 2022:
- United Arab Emirates (2.7K litres)
This report provides an in-depth analysis of the rum market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11011040 - Rum and other spirits obtained by distilling fermented sugarcane products (important: excluding alcohol duty)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Oman
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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