Oman: Banana And Plantain Market 2024

Banana And Plantain Market Size in Oman

The Omani banana and plantain market amounted to $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Banana and plantain consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Banana And Plantain Production in Oman

In value terms, banana and plantain production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a sharp shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Banana and plantain production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of bananas and plantains in Oman amounted to X tons per ha in 2022, standing approx. at the previous year. In general, the yield saw a abrupt downturn. The growth pace was the most rapid in 2017 when the yield increased by X% against the previous year. The banana and plantain yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of bananas and plantains in Oman stood at X ha, approximately equating 2021 figures. Overall, the harvested area saw a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to banana and plantain production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Banana And Plantain Exports

Exports from Oman

For the third year in a row, Oman recorded decline in shipments abroad of bananas and plantains, which decreased by X% to X tons in 2022. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, banana and plantain exports shrank significantly to $X in 2022. In general, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Qatar (X tons) were the main destinations of banana and plantain exports from Oman, together comprising X% of total exports. Kuwait and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for banana and plantain exported from Oman were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), with a combined X% share of total exports. Kuwait and India lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average banana and plantain export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, saw a slight curtailment. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the 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 India ($X per ton), while the average price for exports to Kuwait ($X 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 the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Banana And Plantain Imports

Imports into Oman

In 2022, overseas purchases of bananas and plantains decreased by X% to X tons, falling for the third year in a row after eight years of growth. Over the period under review, imports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, banana and plantain imports rose to $X in 2022. In general, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, India (X tons) constituted the largest banana and plantain supplier to Oman, with a X% share of total imports. Moreover, banana and plantain imports from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. Morocco (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Morocco (X% per year).

In value terms, India ($X) constituted the largest supplier of bananas and plantains to Oman, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual growth rate of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Morocco (X% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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