
Oman - Coconut - Market Analysis, Forecast, Size, Trends and Insights
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Oman: Coconut Market 2022
Coconut Market Size in Oman
In 2021, the Omani coconut market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, enjoyed a buoyant increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.
Coconut Exports
Exports from Oman
In 2021, after three years of decline, there was significant growth in shipments abroad of coconuts, when their volume increased by X% to X tons. Over the period under review, exports, however, faced a dramatic descent. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, coconut exports soared to $X in 2021. In general, exports, however, showed a dramatic setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
Exports by Country
Qatar (X tons), Saudi Arabia (X tons) and Iran (X tons) were the main destinations of coconut exports from Oman, with a combined X% share of total exports.
From 2012 to 2021, the biggest increases were in Qatar (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, the largest markets for coconut exported from Oman were Qatar ($X), Iran ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.
Iran, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.
Export Prices by Country
The average coconut export price stood at $X per ton in 2021, dropping by -X% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Iran ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+X%), while the prices for the other major destinations experienced a decline.
Coconut Imports
Imports into Oman
In 2021, overseas purchases of coconuts decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, posted a tangible increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.
In value terms, coconut imports plummeted to $X in 2021. Overall, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth imports remained at a lower figure.
Imports by Country
In 2021, India (X tons) constituted the largest supplier of coconut to Oman, with a X% share of total imports. Moreover, coconut imports from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold.
From 2012 to 2021, the average annual growth rate of volume from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-X% per year) and Sri Lanka (+X% per year).
In value terms, India ($X) constituted the largest supplier of coconut to Oman, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-X% per year) and Sri Lanka (+X% per year).
Import Prices by Country
The average coconut import price stood at $X per ton in 2021, increasing by X% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, coconut import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the coconut market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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