Oman: Chocolate Market 2024

Chocolate Market Size in Oman

The Omani chocolate market soared to $X in 2022, increasing by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Chocolate consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Chocolate Production in Oman

In value terms, chocolate production skyrocketed 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 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Chocolate Exports

Exports from Oman

In 2022, after six years of growth, there was significant decline in overseas shipments of chocolate and cocoa products, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, chocolate exports declined significantly to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Yemen (X tons) was the main destination for chocolate exports from Oman, accounting for a X% share of total exports. Moreover, chocolate exports to Yemen exceeded the volume sent to the second major destination, Jordan (X tons), more than tenfold. Saudi Arabia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Saudi Arabia (X% per year).

In value terms, Yemen ($X) remains the key foreign market for chocolate and cocoa products exports from Oman, comprising X% of total exports. The second position in the ranking was held by Jordan ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the average chocolate export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

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

Chocolate Imports

Imports into Oman

In 2022, approx. X tons of chocolate and cocoa products were imported into Oman; surging by X% against the previous year's figure. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, chocolate imports surged to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value 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. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and Saudi Arabia (X tons) were the main suppliers of chocolate imports to Oman, with a combined X% share of total imports. Egypt, Italy, Iran, Pakistan, Poland and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of chocolate and cocoa products to Oman, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Turkey, 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 Turkey (X% per year).

Import Prices by Country

In 2022, the average chocolate import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, recorded a abrupt descent. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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