Oman - Bananas - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBanana Price in Oman - 2022
Contents:
- Banana Price in Oman (CIF) - 2022
- Banana Price in Oman (FOB) - 2022
- Banana Imports in Oman
- Banana Exports in Oman
Banana Price in Oman (CIF) - 2022
In 2022, the average banana import price amounted to $387 per ton, rising by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable setback. The import price peaked at $516 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($824 per ton), while the price for India ($246 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+47.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Banana Price in Oman (FOB) - 2022
The average banana export price stood at $785 per ton in 2022, jumping by 27% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2015 an increase of 57% against the previous year. The export price peaked at $1,344 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($1,795 per ton), while the average price for exports to Kuwait ($714 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 India (+17.2%), while the prices for the other major destinations experienced mixed trend patterns.
Banana Imports in Oman
In 2022, approx. 49K tons of bananas were imported into Oman; falling by -6.8% against the year before. Overall, imports, however, showed a slight increase. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of 52K tons, and then dropped in the following year.
In value terms, banana imports expanded sharply to $19M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Banana in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.4 | 6.6 | 9.1 | 8.8 | 11.2% |
| United Arab Emirates | 2.1 | 1.7 | 2.2 | 4.9 | 32.6% |
| Morocco | N/A | 0.7 | 2.0 | 3.3 | 117.1% |
| Spain | N/A | N/A | 0.7 | 1.0 | 42.9% |
| Philippines | 5.8 | 5.3 | 3.7 | 0.5 | -55.8% |
| Others | 0.2 | 0.4 | 0.2 | 0.3 | 14.5% |
| Total | 14.5 | 14.7 | 17.9 | 18.8 | 9.0% |
Top Suppliers of Banana to Oman in 2022:
- India (35.7K tons)
- United Arab Emirates (6.0K tons)
- Morocco (4.0K tons)
- Philippines (1.4K tons)
- Spain (1.3K tons)
Banana Exports in Oman
In 2022, shipments abroad of bananas decreased by -43.5% to 278 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 5.6% against the previous year. As a result, the exports attained the peak of 852 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, banana exports declined significantly to $218K in 2022. Overall, exports faced a dramatic contraction. The smallest decline of -19.5% was in 2020.
| Export of Banana in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 7.3 | 16.5 | 48.6 | 76.9 | 119.2% |
| Qatar | 7.1 | 50.0 | 193 | 55.3 | 98.2% |
| Kuwait | 2.1 | 3.0 | 17.2 | 35.5 | 156.6% |
| India | 3.8 | N/A | 0.2 | 32.2 | 103.9% |
| United Arab Emirates | 0.6 | 0.9 | N/A | 5.4 | 108.0% |
| Bahrain | 0.5 | 0.4 | 0.1 | 3.4 | 89.5% |
| Jordan | 540 | 422 | N/A | N/A | -21.9% |
| Others | 56.5 | 4.7 | 44.5 | 9.4 | -45.0% |
| Total | 618 | 497 | 304 | 218 | -29.3% |
Top Export Markets for Banana from Oman in 2022:
- Saudi Arabia (107.8 tons)
- Qatar (77.5 tons)
- Kuwait (49.7 tons)
- India (17.9 tons)
- United Arab Emirates (7.5 tons)
- Bahrain (4.7 tons)
This report provides an in-depth analysis of the banana 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:
- FCL 486 - Bananas
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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