Oman - Crude Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Crude Sunflower-Seed and Safflower Oil in Oman - 2021
Contents:
- Price for Crude Sunflower-Seed and Safflower Oil in Oman (CIF) - 2022
- Price for Crude Sunflower-Seed and Safflower Oil in Oman (FOB) - 2022
- Imports of Crude Sunflower-Seed and Safflower Oil in Oman
- Exports of Crude Sunflower-Seed and Safflower Oil in Oman
Price for Crude Sunflower-Seed and Safflower Oil in Oman (CIF) - 2022
The average import price for crude sunflower-seed and safflower oil stood at $898 per ton in 2022, with a decrease of -11.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19% against the previous year. The import price peaked at $1,153 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($1,435 per ton), while the price for the United Arab Emirates ($633 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 (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Crude Sunflower-Seed and Safflower Oil in Oman (FOB) - 2022
In 2022, the average export price for crude sunflower-seed and safflower oil amounted to $1,379 per ton, dropping by -11.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 29%. As a result, the export price attained the peak level of $1,551 per ton, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($3,184 per ton), while the average price for exports to Yemen ($870 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 Somalia (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crude Sunflower-Seed and Safflower Oil in Oman
In 2022, the amount of crude sunflower-seed and safflower oil imported into Oman surged to 22K tons, growing by 76% compared with the previous year's figure. Overall, imports, however, continue to indicate a deep slump.
In value terms, crude sunflower-seed and safflower oil imports skyrocketed to $20M in 2022. In general, imports, however, recorded a relatively flat trend pattern.
| Import of Crude Sunflower-Seed and Safflower Oil in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 2.8 | 2.3 | 6.1 | 9.8 | 51.8% |
| Ukraine | 12.2 | 19.8 | 5.0 | 4.7 | -27.2% |
| Russia | 3.7 | 2.6 | 1.5 | 2.7 | -10.0% |
| United Arab Emirates | 0.9 | 1.8 | N/A | 1.2 | 10.1% |
| Bulgaria | N/A | N/A | N/A | 0.5 | 0% |
| Others | 0.3 | 0.4 | 0.1 | 0.7 | 32.6% |
| Total | 19.8 | 26.8 | 12.6 | 19.7 | -0.2% |
Top Suppliers of Crude Sunflower-Seed and Safflower Oil to Oman in 2022:
- Argentina (8.9K tons)
- Ukraine (6.0K tons)
- Russia (4.3K tons)
- United Arab Emirates (1.9K tons)
- Bulgaria (0.4K tons)
Exports of Crude Sunflower-Seed and Safflower Oil in Oman
In 2022, overseas shipments of crude sunflower-seed and safflower oil were finally on the rise to reach 536 tons after two years of decline. In general, exports, however, saw a deep contraction.
In value terms, crude sunflower-seed and safflower oil exports contracted modestly to $739K in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 0.9% against the previous year.
| Export of Crude Sunflower-Seed and Safflower Oil in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Yemen | 395 | 292 | 134 | 275 | -11.4% |
| United Arab Emirates | 98.2 | 189 | 241 | 212 | 29.2% |
| Qatar | 175 | 160 | 170 | 126 | -10.4% |
| Somalia | 12.7 | 43.6 | 78.3 | 69.0 | 75.8% |
| Saudi Arabia | 37.2 | 37.2 | 43.7 | 38.3 | 1.0% |
| Bahrain | 10.6 | 14.0 | 20.0 | 17.6 | 18.4% |
| Others | N/A | N/A | 55.1 | N/A | 0% |
| Total | 729 | 735 | 742 | 739 | 0.5% |
Top Export Markets for Crude Sunflower-Seed and Safflower Oil from Oman in 2022:
- Yemen (316.7 tons)
- United Arab Emirates (100.9 tons)
- Qatar (39.6 tons)
- Saudi Arabia (37.5 tons)
- Somalia (31.4 tons)
- Bahrain (9.6 tons)
This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil 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 268 - Oil of Sunflower Seed
- FCL 281 - Oil of Safflower Seed
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
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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
- 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 VOLUME AND VALUE
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
- 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
- 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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Over the past year, the prices for sunflower oil have doubled, against robust demand and depleting sunflower seed stocks. The dry weather conditions negatively affected the sunflower crop yield in 2020, but the market is now seeing a sturdy recovery. The production of sunflower oil is forecast to increase in 2021 driven by strong demand that promotes investments in the expansion of harvested areas.
4600
Global sunflower-seed and safflower oil consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
3750
In 2015, the countries with the highest levels of sunflower-seed and safflower oil production were Ukraine (X thousand tons), Russia (X thousand tons), Turkey (X thousand tons), together accounting for X% of total output.
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