Oman: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in Oman

In 2022, after seven years of growth, there was significant decline in the Omani market for broad beans and horse beans (dry), when its value decreased by X% to $X. Over the period under review, consumption, however, recorded a significant expansion. Broad bean and horse bean consumption peaked at $X in 2021, and then contracted markedly in the following year.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Oman

After two years of growth, shipments abroad of broad beans and horse beans (dry) decreased by X% to X tons in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, broad bean and horse bean exports shrank significantly to $X in 2022. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for broad bean and horse bean exports from Oman, accounting for a X% share of total exports. Moreover, broad bean and horse bean exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold.

From 2015 to 2022, the average annual growth rate of volume to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Jordan (X% per year).

In value terms, Qatar ($X) emerged as the key foreign market for broad beans and horse beans (dry) exports from Oman, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of value to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Jordan (X% per year).

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, faced a deep contraction. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced a decline.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Oman

After two years of growth, overseas purchases of broad beans and horse beans (dry) decreased by X% to X tons in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, broad bean and horse bean imports dropped rapidly to $X in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest broad bean and horse bean supplier to Oman, with a X% share of total imports. Moreover, broad bean and horse bean imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Egypt (X tons), sevenfold. The third position in this ranking was taken by Singapore (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Singapore (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of broad beans and horse beans (dry) to Oman, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

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

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price saw a pronounced slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and Saudi Arabia ($X per ton), while the price for Singapore ($X per ton) and Australia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform