Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Oman - 2022
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Oman (CIF) - 2022
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Oman (FOB) - 2022
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Oman
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Oman
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Oman (CIF) - 2022
In December 2022, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $3,937 per ton, leveling off at the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 1.4% against the previous month. Over the period under review, average import prices attained the peak figure at $3,942 per ton in September 2022; afterwards, it flattened through to December 2022.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were the UK ($4,162 per ton) and the United Arab Emirates ($3,993 per ton), while the price for Spain ($3,824 per ton) and Egypt ($3,824 per ton) were amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Oman (FOB) - 2022
The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $3,874 per ton in 2022, picking up by 42% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for soups and broths and preparations therefor; homogenised composite food preparationses increased by +87.4% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($13,649 per ton), while the average price for exports to Yemen ($2,184 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 (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Oman
In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses imported into Oman contracted to 3.4K tons, which is down by -11.2% compared with 2021. Overall, imports showed a perceptible curtailment. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, imports attained the peak of 3.8K tons, and then fell in the following year.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses declined modestly to $12M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 9.1%. As a result, imports attained the peak of $13M, and then contracted slightly in the following year.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 5.1 | 6.1 | 5.2 | 4.0 | -7.8% |
| Egypt | 1.9 | 1.6 | 3.2 | 3.4 | 21.4% |
| Indonesia | 1.9 | 1.9 | 1.7 | 1.9 | 0.0% |
| Turkey | 0.1 | N/A | 0.4 | 1.1 | 122.4% |
| Saudi Arabia | 0.1 | 0.4 | 0.5 | 0.5 | 71.0% |
| Kenya | N/A | 0.1 | 0.4 | 0.4 | 100.0% |
| United Arab Emirates | 0.4 | 0.3 | 0.2 | 0.2 | -20.6% |
| Others | 1.7 | 1.3 | 1.1 | 0.8 | -22.2% |
| Total | 11.2 | 11.8 | 12.8 | 12.3 | 3.2% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Oman in 2022:
- Egypt (1107.7 tons)
- Spain (1073.8 tons)
- Turkey (402.9 tons)
- Indonesia (316.8 tons)
- Kenya (145.5 tons)
- Saudi Arabia (115.2 tons)
- United Arab Emirates (50.3 tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Oman
After three years of growth, shipments abroad of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -39.2% to 154 tons in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 143%.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses declined to $595K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 162% against the previous year.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Somalia | 170 | 373 | 417 | 371 | 29.7% |
| Yemen | 1.2 | 6.3 | 155 | 120 | 364.2% |
| Qatar | 7.8 | 24.5 | 69.0 | 70.0 | 107.8% |
| Saudi Arabia | 7.0 | 49.5 | 12.5 | 18.6 | 38.5% |
| United Arab Emirates | 4.4 | 20.7 | 14.4 | 15.0 | 50.5% |
| Others | 0.2 | 25.6 | 23.0 | 0.1 | -20.6% |
| Total | 190 | 499 | 691 | 595 | 46.3% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Oman in 2022:
- Somalia (85.6 tons)
- Yemen (55.0 tons)
- Saudi Arabia (5.4 tons)
- Qatar (5.1 tons)
- United Arab Emirates (2.4 tons)
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