Oman: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Oman

In 2022, the Omani market for powdered, evaporated and condensed milk increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a resilient increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Powdered, Evaporated And Condensed Milk in Oman

In value terms, powdered, evaporated and condensed milk production surged to $X in 2022 estimated in export price. Overall, production enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X,358,700% against the previous year. Powdered, evaporated and condensed milk production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Powdered, Evaporated And Condensed Milk

Exports from Oman

In 2022, powdered, evaporated and condensed milk exports from Oman rose significantly to X tons, with an increase of X% compared with 2021. In general, exports enjoyed a temperate increase. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, powdered, evaporated and condensed milk exports surged to $X in 2022. Over the period under review, total exports indicated a perceptible expansion 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. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Iraq (X tons) were the main destinations of powdered, evaporated and condensed milk exports from Oman, with a combined X% share of total exports. Somalia, Qatar, Libya, Djibouti, Kenya, Yemen, Jordan, Ghana, Gambia and Maldives lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Saudi Arabia ($X) and Somalia ($X) appeared to be the largest markets for powdered, evaporated and condensed milk exported from Oman worldwide, together comprising X% of total exports. The United Arab Emirates, Qatar, Kenya, Djibouti, Jordan, Maldives, Yemen, Libya, Ghana and Gambia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Ghana, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for powdered, evaporated and condensed milk stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Powdered, Evaporated And Condensed Milk

Imports into Oman

In 2022, the amount of powdered, evaporated and condensed milk imported into Oman reduced modestly to X tons, falling by X% on the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, powdered, evaporated and condensed milk imports surged to $X in 2022. Over the period under review, total imports indicated measured 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. Based on 2022 figures, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest powdered, evaporated and condensed milk supplier to Oman, accounting for a X% share of total imports. Moreover, powdered, evaporated and condensed milk imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

In value terms, the United Arab Emirates ($X), Belgium ($X) and Denmark ($X) were the largest powdered, evaporated and condensed milk suppliers to Oman, together comprising X% of total imports.

In terms of the main suppliers, Belgium, 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

The average import price for powdered, evaporated and condensed milk stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price 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, powdered, evaporated and condensed milk import price increased by X% against 2019 indices. As a result, import price reached 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 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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