Price for Cereal Flour; of Maize (Corn) in Oman - 2021

Contents:

1. Price for Cereal Flour; of Maize (Corn) in Oman (CIF) - 2022
2. Price for Cereal Flour; of Maize (Corn) in Oman (FOB) - 2022
3. Imports of Cereal Flour; of Maize (Corn) in Oman
4. Exports of Cereal Flour; of Maize (Corn) in Oman

Price for Cereal Flour; of Maize (Corn) in Oman (CIF) - 2022

In 2022, the average import price for cereal flour; of maize (corn) amounted to $723 per ton, with an increase of 5% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal flour; of maize (corn) import price decreased by -5.9% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 54%. The import price peaked at $768 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 the Philippines ($957 per ton), while the price for Argentina ($317 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.2%), while the prices for the other major suppliers experienced a decline.

Price for Cereal Flour; of Maize (Corn) in Oman (FOB) - 2022

The average export price for cereal flour; of maize (corn) stood at $898 per ton in 2022, falling by -1.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2021 when the average export price increased by 49%. As a result, the export price attained the peak level of $914 per ton, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($1,009 per ton), while the average price for exports to Jordan ($436 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 Qatar (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Flour; of Maize (Corn) in Oman

After three years of growth, supplies from abroad of cereal flour; of maize (corn) decreased by -11.8% to 1.4K tons in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year.

In value terms, cereal flour; of maize (corn) imports contracted to $982K in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 44%.

Top Suppliers of Cereal Flour; of Maize (Corn) to Oman in 2022:

1. United Arab Emirates (455.3 tons)
2. Germany (226.4 tons)
3. United States (197.9 tons)
4. India (106.6 tons)
5. Argentina (29.7 tons)
6. France (27.8 tons)
7. Philippines (21.6 tons)

Exports of Cereal Flour; of Maize (Corn) in Oman

In 2022, approx. 6.8 tons of cereal flour; of maize (corn) were exported from Oman; growing by 4.8% against the previous year's figure. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 616%. As a result, the exports attained the peak of 10 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cereal flour; of maize (corn) exports rose slightly to $6.1K in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 635%. As a result, the exports reached the peak of $6.3K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Cereal Flour; of Maize (Corn) from Oman in 2022:

1. United Arab Emirates (2.9 tons)
2. Ethiopia (1.9 tons)
3. Qatar (1.3 tons)
4. Jordan (0.7 tons)

Source: IndexBox Market Intelligence Platform