Oman: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Oman

The Omani cocoa powder with sugar market reduced modestly to $X in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Cocoa Powder (Containing Added Sugar) in Oman

In value terms, cocoa powder with sugar production fell to $X in 2022 estimated in export price. Over the period under review, production showed a resilient expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Oman

In 2022, shipments abroad of cocoa powder (containing added sugar) decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, cocoa powder with sugar exports reduced notably to $X in 2022. Overall, exports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Yemen (X tons), Saudi Arabia (X tons) and Jordan (X tons) were the main destinations of cocoa powder with sugar exports from Oman, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cocoa powder with sugar exported from Oman were Yemen ($X), Saudi Arabia ($X) and Jordan ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average cocoa powder with sugar export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Yemen ($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 Yemen (X%), while the prices for the other major destinations experienced a decline.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Oman

In 2022, purchases abroad of cocoa powder (containing added sugar) decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a noticeable slump. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cocoa powder with sugar imports dropped markedly to $X in 2022. In general, imports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of cocoa powder with sugar to Oman, accounting for a X% share of total imports. Moreover, cocoa powder with sugar imports from Russia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. Qatar (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 was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

In value terms, Russia ($X) constituted the largest supplier of cocoa powder (containing added sugar) to Oman, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the average cocoa powder with sugar import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Saudi Arabia ($X per ton) and Egypt ($X per ton), while the price for Qatar ($X per ton) and the United Arab Emirates ($X per ton) were 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 more modest paces of growth.

Source: IndexBox Platform

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