Oman: Biological Product Market 2024

Biological Product Market Size in Oman

In 2023, the Omani biological product market increased by X% to $X, rising for the sixth year in a row after three years of decline. Overall, consumption posted a remarkable increase. Over the period under review, the market attained the peak level in 2023 and is expected to retain growth in the near future.

Biological Product Exports

Exports from Oman

In 2023, after two years of growth, there was significant decline in overseas shipments of biological products, when their volume decreased by X% to X tons. Overall, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, biological product exports reduced to $X in 2023. In general, exports, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

Qatar (X tons), the United Arab Emirates (X tons) and Yemen (X tons) were the main destinations of biological product exports from Oman, together accounting for X% of total exports. France, the UK, Bahrain and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Bahrain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) emerged as the key foreign market for biological products exports from Oman, comprising X% of total exports. The second position in the ranking was held by Yemen ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the average biological product export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2023, 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 Qatar ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Biological Product Imports

Imports into Oman

Biological product imports into Oman rose markedly to X tons in 2023, picking up by X% against the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, biological product imports shrank to $X in 2023. Over the period under review, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Belgium (X tons) constituted the largest biological product supplier to Oman, with a X% share of total imports. Moreover, biological product imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest biological product suppliers to Oman were the United Arab Emirates ($X), Qatar ($X) and the Netherlands ($X), together accounting for X% of total imports. Luxembourg, Belgium, Germany, France, Turkey, Switzerland, the UK, Jordan, the United States and Denmark lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Luxembourg, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average biological product import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2022 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then fell markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Luxembourg ($X,935 per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform