Oman - Soya Sauce - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoya Sauce Price in Oman - 2021
Contents:
- Soya Sauce Price in Oman (CIF) - 2022
- Soya Sauce Price in Oman (FOB) - 2022
- Soya Sauce Imports in Oman
- Soya Sauce Exports in Oman
Soya Sauce Price in Oman (CIF) - 2022
In 2022, the average soya sauce import price amounted to $1,546 per ton, waning by -21.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 27%. The import price peaked at $1,976 per ton in 2021, and then dropped sharply in the following year.
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 Egypt ($3,564 per ton), while the price for China ($752 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Soya Sauce Price in Oman (FOB) - 2022
The average soya sauce export price stood at $1,998 per ton in 2022, rising by 7.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 31%. As a result, the export price reached the peak level of $2,173 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($3,504 per ton), while the average price for exports to Yemen ($540 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 Saudi Arabia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Soya Sauce Imports in Oman
In 2022, imports of soya sauce into Oman rose markedly to 331 tons, with an increase of 13% compared with 2021. The total import volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, soya sauce imports contracted to $511K in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $579K, and then declined in the following year.
| Import of Soya Sauce in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 242 | 173 | 210 | 151 | -14.5% |
| Philippines | 39.4 | 44.4 | 50.4 | 104 | 38.2% |
| United States | 77.9 | 67.9 | 38.8 | 42.3 | -18.4% |
| China | 5.8 | 7.9 | 20.3 | 16.8 | 42.5% |
| Hong Kong SAR | 16.6 | 16.6 | 9.1 | 8.4 | -20.3% |
| Indonesia | 11.1 | 32.6 | 17.5 | 8.0 | -10.3% |
| South Korea | 10.5 | 11.3 | 7.7 | 5.1 | -21.4% |
| India | 6.3 | 11.8 | 10.4 | 4.8 | -8.7% |
| Others | 66.4 | 77.6 | 214 | 171 | 37.1% |
| Total | 476 | 443 | 579 | 511 | 2.4% |
Top Suppliers of Soya Sauce to Oman in 2022:
- Philippines (112.7 tons)
- United Arab Emirates (57.0 tons)
- United States (27.7 tons)
- China (22.4 tons)
- Hong Kong SAR (7.9 tons)
- Indonesia (6.4 tons)
- India (4.8 tons)
- South Korea (4.2 tons)
Soya Sauce Exports in Oman
In 2022, shipments abroad of soya sauce was finally on the rise to reach 35 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a sharp shrinkage.
In value terms, soya sauce exports skyrocketed to $69K in 2022. In general, exports, however, continue to indicate a deep downturn.
| Export of Soya Sauce in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 111 | 62.6 | 19.0 | 46.2 | -25.3% |
| Pakistan | 5.6 | 15.6 | 2.7 | 6.9 | 7.2% |
| Saudi Arabia | 6.0 | 9.8 | 2.9 | 6.2 | 1.1% |
| Yemen | 1.2 | 4.2 | 1.4 | 3.9 | 48.1% |
| Kuwait | 1.7 | 9.9 | 1.4 | 3.1 | 22.2% |
| Somalia | 0.4 | 0.7 | 0.6 | 1.7 | 62.0% |
| India | 2.8 | 5.3 | 0.6 | 1.0 | -29.1% |
| Others | 2.7 | 1.9 | 0.2 | 0.4 | -47.1% |
| Total | 131 | 110 | 28.9 | 69.4 | -19.1% |
Top Export Markets for Soya Sauce from Oman in 2022:
- Nigeria (20.8 tons)
- Yemen (7.2 tons)
- Pakistan (2.0 tons)
- Saudi Arabia (1.8 tons)
- Kuwait (1.7 tons)
- Somalia (0.7 tons)
- India (0.4 tons)
This report provides an in-depth analysis of the soya sauce 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 10841210 - Soya sauce
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
-
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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