Oman: Bread And Bakery Market 2024

Bread And Bakery Market Size in Oman

The Omani bread and bakery market stood at $X in 2023, growing by X% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Bread And Bakery Production in Oman

In value terms, bread and bakery production reached $X in 2023 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

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Bread And Bakery Exports

Exports from Oman

In 2023, after two years of decline, there was significant growth in overseas shipments of bread and bakery, when their volume increased by X% to X tons. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, bread and bakery exports shrank modestly to $X in 2023. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Yemen (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the main destinations of bread and bakery exports from Oman, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Yemen (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bread and bakery exported from Oman were the United Arab Emirates ($X), Saudi Arabia ($X) and Yemen ($X), together comprising X% of total exports.

Among the main countries of destination, Yemen, with a CAGR of X%, saw 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

In 2023, the average bread and bakery export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Yemen ($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 Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bread And Bakery Imports

Imports into Oman

In 2023, approx. X tons of bread and bakery were imported into Oman; increasing by X% against 2022. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, bread and bakery imports skyrocketed to $X in 2023. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Turkey (X tons) were the main suppliers of bread and bakery imports to Oman, together comprising X% of total imports. Egypt, India, Bahrain, Malaysia and Bangladesh 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 purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X) appeared to be the largest bread and bakery suppliers to Oman, together accounting for X% of total imports. India, Egypt, Bahrain, Malaysia and Bangladesh lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average bread and bakery import price stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2023, the average import prices remained at a lower figure.

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 India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform