Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Oman - 2022
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Oman (CIF) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Oman (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Oman
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Oman
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Oman (CIF) - 2022
In 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $2,588 per ton, with an increase of 153% against the previous year. Over the period under review, the import price showed a prominent expansion. Over the period under review, average import prices reached the maximum at $2,846 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($2,589 per ton), while the price for Turkey stood at $2,587 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+105.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Oman (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $3,114 per ton in 2022, surging by 734% against the previous year. In general, the export price saw a significant increase. The export price peaked at $6,700 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Yemen ($3,123 per ton) and Iran ($3,120 per ton), while the average price for exports to Free Zones ($3,000 per ton) and Singapore ($3,113 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+757.6%).
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Oman
In 2022, overseas purchases of cocoa beans; whole or broken, raw or roasteds decreased by -76.2% to 2.4 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 3,982% against the previous year. As a result, imports reached the peak of 42 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds contracted rapidly to $6.2K in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,187% against the previous year. As a result, imports reached the peak of $67K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.6 | 29.6 | 3.5 | 3.8 | 33.4% |
| Turkey | 0.1 | 0.7 | 0.7 | 2.4 | 188.4% |
| Sri Lanka | N/A | 19.5 | N/A | N/A | 0% |
| China | N/A | 1.7 | 3.0 | N/A | 76.5% |
| United Kingdom | 0.3 | 9.2 | 2.0 | N/A | 158.2% |
| Others | 0.9 | 6.2 | 1.1 | N/A | 10.6% |
| Total | 2.9 | 66.9 | 10.3 | 6.2 | 28.8% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Oman in 2022:
- United Arab Emirates (1.5 tons)
- Turkey (0.9 tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Oman
In 2022, the amount of cocoa beans; whole or broken, raw or roasteds exported from Oman declined sharply to 289 kg, waning by -98.1% against 2021 figures. Over the period under review, exports saw a precipitous decline. The smallest decline of -66.4% was in 2021.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds dropped sharply to $900 in 2022. In general, exports showed a precipitous setback.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Yemen | 51.0 | 5.3 | 0.5 | -90.1% | |
| Singapore | N/A | 0.2 | 0.3 | 50.0% | |
| Iran | N/A | N/A | 0.1 | 0% | |
| Free Zones | N/A | N/A | N/A | 0% | |
| Others | 0.3 | 0.2 | N/A | -33.3% | |
| Total | 51.3 | 5.7 | 0.9 | -86.8% | |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Oman in 2022:
- Yemen (155.0 kg)
- Singapore (97.0 kg)
- Iran (25.0 kg)
- Free Zones (12.0 kg)
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This report provides an in-depth analysis of the cocoa bean market in Oman.
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