Oman - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Maize Oil Price in Oman - 2021
Contents:
- Refined Maize Oil Price in Oman (CIF) - 2022
- Refined Maize Oil Price in Oman (FOB) - 2022
- Refined Maize Oil Imports in Oman
- Refined Maize Oil Exports in Oman
Refined Maize Oil Price in Oman (CIF) - 2022
In 2022, the average refined maize oil import price amounted to $1,593 per ton, with a decrease of -8.9% against the previous year. Overall, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 32% against the previous year. The import price peaked at $1,988 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($1,793 per ton), while the price for the United Arab Emirates totaled $1,293 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.3%), while the prices for the other major suppliers experienced a decline.
Refined Maize Oil Price in Oman (FOB) - 2022
The average refined maize oil export price stood at $1,787 per ton in 2022, waning by -18.3% 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 43%. As a result, the export price reached the peak level of $2,188 per ton, and then dropped significantly in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kuwait ($2,177 per ton) and Qatar ($1,996 per ton), while the average price for exports to the United Arab Emirates ($1,595 per ton) and Saudi Arabia ($1,720 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 Pakistan (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Maize Oil Imports in Oman
In 2022, approx. 7.2K tons of refined maize (corn) oil were imported into Oman; shrinking by -20.1% against the previous year's figure. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year.
In value terms, refined maize oil imports reduced dramatically to $12M in 2022. In general, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 119%. As a result, imports attained the peak of $16M, and then shrank rapidly in the following year.
| Import of Refined Maize Oil in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.9 | 2.5 | 1.1 | 7.8 | 60.1% |
| United Arab Emirates | 1.6 | 0.7 | 0.4 | 3.7 | 32.2% |
| Kuwait | N/A | 2.4 | N/A | N/A | 0% |
| United States | 2.0 | N/A | 6.4 | N/A | 78.9% |
| Indonesia | 3.2 | 1.3 | N/A | N/A | -59.4% |
| Tunisia | N/A | N/A | 3.2 | N/A | 0% |
| South Africa | N/A | N/A | 1.3 | N/A | 0% |
| Others | 0.8 | 0.3 | 3.4 | N/A | 106.2% |
| Total | 9.5 | 7.2 | 15.8 | 11.5 | 6.6% |
Top Suppliers of Refined Maize Oil to Oman in 2022:
- Saudi Arabia (4.3K tons)
- United Arab Emirates (2.9K tons)
Refined Maize Oil Exports in Oman
In 2022, overseas shipments of refined maize (corn) oil were finally on the rise to reach 5.4K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a deep contraction.
In value terms, refined maize oil exports reached $9.7M in 2022. Over the period under review, exports, however, showed a abrupt downturn.
| Export of Refined Maize Oil in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 6.5 | 4.0 | 4.7 | 4.2 | -13.5% |
| Qatar | 5.3 | 1.7 | 2.0 | 2.5 | -22.2% |
| United Arab Emirates | 2.4 | 2.1 | 1.1 | 1.5 | -14.5% |
| Pakistan | 1.0 | 1.4 | 0.9 | 0.9 | -3.5% |
| Kuwait | 0.1 | 0.3 | 0.5 | 0.5 | 71.0% |
| Others | 0.3 | 0.5 | 0.2 | 0.1 | -30.7% |
| Total | 15.6 | 10.0 | 9.4 | 9.7 | -14.6% |
Top Export Markets for Refined Maize Oil from Oman in 2022:
- Saudi Arabia (2446.1 tons)
- Qatar (1241.4 tons)
- United Arab Emirates (959.4 tons)
- Pakistan (515.9 tons)
- Kuwait (217.6 tons)
This report provides an in-depth analysis of the refined maize oil market 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:
- Prodcom 10621460 - Refined maize (corn) oil and its fractions (excluding chemically modified)
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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