Oman: Albumins And Albuminates Market 2022

Albumins And Albuminates Market Size in Oman

The Omani albumins and albuminates market fell to $X in 2021, which is down by -10.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Albumins And Albuminates Exports

Exports from Oman

In 2021, albumins and albuminates exports from Oman stood at X kg, remaining stable against 2020 figures. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, albumins and albuminates exports stood at $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Yemen (X kg) was the main destination for albumins and albuminates exports from Oman, accounting for a approx. 100% share of total exports.

From 2021 to 2021, the average annual growth rate of volume to Yemen was relatively modest.

From 2021 to 2021, the average annual rate of growth in terms of value to Yemen was relatively modest.

Albumins And Albuminates Imports

Imports into Oman

In 2021, purchases abroad of albumins, albuminates and other derivatives (excluding egg albumin) decreased by -22.8% to X kg for the first time since 2017, thus ending a three-year rising trend. In general, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 164% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, albumins and albuminates imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2020 with an increase of 122%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Germany (X kg) constituted the largest supplier of albumins and albuminates to Oman, accounting for a 59% share of total imports. Moreover, albumins and albuminates imports from Germany exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), threefold. The third position in this ranking was held by Qatar (X kg), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-11.3% per year) and Qatar (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of albumins and albuminates to Oman, comprising 61% of total imports. The second position in the ranking was taken by Qatar ($X), with a 28% share of total imports. It was followed by Denmark, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (0.0% per year) and Denmark (-3.5% per year).

Import Prices by Country

The average albumins and albuminates import price stood at $X per ton in 2021, picking up by 101% against the previous year. Overall, the import price showed buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+152.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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