Oman: Grain Market 2024

Grain Market Size in Oman

After three years of growth, the Omani grain market decreased by X% to $X in 2022. Overall, consumption, however, showed resilient growth. Grain consumption peaked at $X in 2021, and then contracted notably in the following year.

Grain Production in Oman

In value terms, grain production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

The average yield of cereal grains in Oman reduced to X tons per ha in 2022, waning by X% on the previous year's figure. Overall, the yield indicated a notable increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain yield increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. Over the period under review, the average grain yield reached the maximum level at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cereal grains production in Oman declined to X ha, with a decrease of X% on 2021 figures. Over the period under review, the total harvested area indicated notable growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain harvested area increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to grain production attained the peak figure at X ha in 2021, and then dropped in the following year.

Grain Exports

Exports from Oman

In 2022, approx. X tons of cereal grains were exported from Oman; increasing by X% on the year before. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, grain exports surged to $X in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Iraq (X tons) was the main destination for grain exports from Oman, with a X% share of total exports. Moreover, grain exports to Iraq exceeded the volume sent to the second major destination, Germany (X tons), fivefold. Yemen (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq totaled X.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Yemen (X% per year).

In value terms, Iraq ($X) emerged as the key foreign market for cereal grains exports from Oman, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Yemen, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Iraq amounted to X.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Yemen (X% per year).

Export Prices by Country

In 2022, the average grain export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price recorded a perceptible downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Qatar ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Grain Imports

Imports into Oman

In 2022, purchases abroad of cereal grains decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank rapidly in the following year.

In value terms, grain imports fell dramatically to $X in 2022. In general, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest grain supplier to Oman, accounting for a X% share of total imports. Moreover, grain imports from Russia exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. India (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Australia ($X), Russia ($X) and India ($X) constituted the largest grain suppliers to Oman, together comprising X% of total imports. The United Arab Emirates, Argentina, Germany, Brazil, Romania, Iran and Canada lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the United Arab Emirates, 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 2022, the average grain import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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