Brown Rice Price in Oman - 2021

Contents:

  1. Brown Rice Price in Oman (FOB) - 2022
  2. Brown Rice Price in Oman (CIF) - 2022
  3. Brown Rice Exports in Oman
  4. Brown Rice Imports in Oman

Brown Rice Price in Oman (FOB) - 2022

The average brown rice export price stood at $372 per ton in 2022, shrinking by -36.4% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2013 an increase of 45% against the previous year. The export price peaked at $1,123 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,278 per ton), while the average price for exports to Tanzania ($237 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 Tanzania (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Brown Rice Price in Oman (CIF) - 2022

The average brown rice import price stood at $991 per ton in 2022, falling by -6.3% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 34%. The import price peaked at $1,059 per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Yemen ($1,274 per ton), while the price for Saudi Arabia ($349 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Brown Rice Exports in Oman

In 2022, overseas shipments of husked (brown) rice were finally on the rise to reach 801 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, brown rice exports surged to $298K in 2022. Overall, exports, however, recorded a abrupt descent.

Export of Brown Rice in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Yemen346322118208-15.6%
Somalia17782.128.874.0-25.2%
United Arab Emirates27.418.717.616.3-15.9%
Others0.54.24.1N/A186.4%
Total551427169298-18.5%

Top Export Markets for Brown Rice from Oman in 2022:

  1. Yemen (664.7 tons)
  2. Somalia (123.4 tons)
  3. United Arab Emirates (12.8 tons)

Brown Rice Imports in Oman

In 2022, after two years of decline, there was significant growth in purchases abroad of husked (brown) rice, when their volume increased by 62% to 242 tons. Over the period under review, imports, however, faced a sharp descent.

In value terms, brown rice imports soared to $240K in 2022. In general, imports, however, recorded a abrupt descent.

Import of Brown Rice in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Pakistan2141107.879.5-28.1%
United Arab Emirates12414654.479.2-13.9%
India48.44.943.334.5-10.7%
Yemen31.324.113.316.8-18.7%
Sri Lanka9.88.99.17.2-9.8%
Tanzania0.65.35.04.088.2%
Saudi Arabia5.75.14.33.1-18.4%
Others33.617.120.715.6-22.6%
Total467322158240-19.9%

Top Suppliers of Brown Rice to Oman in 2022:

  1. Pakistan (97.0 tons)
  2. United Arab Emirates (69.3 tons)
  3. India (32.5 tons)
  4. Yemen (13.2 tons)
  5. Sri Lanka (10.1 tons)
  6. Saudi Arabia (8.8 tons)
  7. Tanzania (6.4 tons)

Source: IndexBox Market Intelligence Platform

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