Oman: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in Oman

The Omani concentrated orange juice market skyrocketed to $X in 2021, jumping by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Concentrated Orange Juice Exports

Exports from Oman

For the sixth year in a row, Oman recorded decline in shipments abroad of concentrated orange juice, which decreased by -18.9% to X tons in 2021. Over the period under review, exports recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 424% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, concentrated orange juice exports contracted dramatically to $X in 2021. Overall, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2015 with an increase of 228%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X tons), Yemen (X tons) and Somalia (X tons) were the main destinations of concentrated orange juice exports from Oman, together comprising 96% of total exports.

From 2012 to 2021, the biggest increases were in Qatar (with a CAGR of -8.2%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for concentrated orange juice exported from Oman were Qatar ($X), Somalia ($X) and Yemen ($X), with a combined 93% share of total exports.

Qatar, with a CAGR of -6.4%, saw 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 a decline.

Export Prices by Country

The average concentrated orange juice export price stood at $X per ton in 2021, rising by 2.4% against the previous year. Overall, the export price, however, showed a noticeable descent. The pace of growth was the most pronounced in 2013 an increase of 71% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Yemen ($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 Qatar (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

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Concentrated Orange Juice Imports

Imports into Oman

In 2021, purchases abroad of concentrated orange juice decreased by -8.6% to X tons, falling for the second consecutive year after two years of growth. Overall, imports showed a pronounced setback. The growth pace was the most rapid in 2019 when imports increased by 144%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, concentrated orange juice imports soared to $X in 2021. In general, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 182%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Egypt (X tons) were the main suppliers of concentrated orange juice imports to Oman, with a combined 87% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +43.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest concentrated orange juice suppliers to Oman were Saudi Arabia ($X), the United Arab Emirates ($X) and the Netherlands ($X), together comprising 88% of total imports.

Saudi Arabia, with a CAGR of +45.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concentrated orange juice import price stood at $X per ton in 2021, picking up by 45% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated orange juice import price increased by +131.3% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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