Non-Liquid Margarine Price in Oman - 2021
Contents:
- Non-Liquid Margarine Price in Oman (FOB) - 2022
- Non-Liquid Margarine Price in Oman (CIF) - 2022
- Non-Liquid Margarine Exports in Oman
- Non-Liquid Margarine Imports in Oman
Non-Liquid Margarine Price in Oman (FOB) - 2022
In 2022, the average non-liquid margarine export price amounted to $1,295 per ton, declining by -15.4% against the previous year. In general, the export price recorded a mild reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 56%. As a result, the export price reached the peak level of $1,532 per ton, and then declined markedly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($1,579 per ton), while the average price for exports to Bahrain ($699 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 Kuwait (+0.9%), while the prices for the other major destinations experienced a decline.
Non-Liquid Margarine Price in Oman (CIF) - 2022
In 2022, the average non-liquid margarine import price amounted to $1,465 per ton, reducing by -2.1% against the previous year. In general, the import price continues to indicate a mild setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 12% against the previous year. The import price peaked at $1,757 per ton in 2012; however, from 2013 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 Turkey ($1,670 per ton), while the price for Malaysia ($510 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-3.0%), while the prices for the other major suppliers experienced a decline.
Non-Liquid Margarine Exports in Oman
In 2022, after three years of growth, there was significant decline in overseas shipments of non-liquid margarine, when their volume decreased by -12.7% to 8.7K tons. The total export volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. As a result, the exports attained the peak of 9.9K tons, and then dropped in the following year.
In value terms, non-liquid margarine exports dropped dramatically to $11M in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 110% against the previous year. As a result, the exports attained the peak of $15M, and then plummeted in the following year.
| Export of Non-Liquid Margarine in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Yemen | 2.2 | 2.1 | 7.7 | 5.5 | 35.7% |
| Saudi Arabia | 2.6 | 2.7 | 6.3 | 4.5 | 20.1% |
| Bahrain | 1.4 | 1.2 | 0.1 | 0.6 | -24.6% |
| Qatar | 0.5 | 0.9 | 0.5 | 0.4 | -7.2% |
| Kuwait | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| Others | 0.2 | 0.1 | 0.3 | N/A | 22.5% |
| Total | 7.2 | 7.3 | 15.2 | 11.2 | 15.9% |
Top Export Markets for Non-Liquid Margarine from Oman in 2022:
- Yemen (4.4K tons)
- Saudi Arabia (2.8K tons)
- Bahrain (0.9K tons)
- Qatar (0.3K tons)
- Kuwait (0.2K tons)
Non-Liquid Margarine Imports in Oman
In 2022, supplies from abroad of non-liquid margarine increased by 7.1% to 2.2K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt decline.
In value terms, non-liquid margarine imports stood at $3.2M in 2022. Overall, imports, however, showed a relatively flat trend pattern.
| Import of Non-Liquid Margarine in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2,883 | 2,956 | 2,639 | 2,944 | 0.7% |
| Turkey | 15.0 | 84.0 | 52.5 | 58.5 | 57.4% |
| Malaysia | 42.2 | 19.0 | 23.3 | 27.9 | -12.9% |
| Indonesia | 103 | 84.7 | N/A | N/A | -17.8% |
| Others | 217 | 192 | 324 | 157 | -10.2% |
| Total | 3,260 | 3,336 | 3,039 | 3,187 | -0.8% |
Top Suppliers of Non-Liquid Margarine to Oman in 2022:
- United Arab Emirates (2017.8 tons)
- Malaysia (54.6 tons)
- Turkey (35.0 tons)
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