Oman: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Oman

In 2021, the Omani preserved frozen potato market decreased by -0.1% to $X, falling for the second year in a row after eight years of growth. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.1% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Frozen Potato Exports

Exports from Oman

Preserved frozen potato exports from Oman contracted notably to X tons in 2021, which is down by -29.1% compared with the previous year. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 820%. As a result, the exports reached the peak of X tons, and then fell notably in the following year.

In value terms, preserved frozen potato exports dropped sharply to $X in 2021. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 560%. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

Yemen (X tons) was the main destination for preserved frozen potato exports from Oman, accounting for a 62% share of total exports. Moreover, preserved frozen potato exports to Yemen exceeded the volume sent to the second major destination, Kuwait (X tons), sixfold. Bahrain (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to Yemen amounted to +36.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+56.8% per year) and Bahrain (+22.0% per year).

In value terms, Yemen ($X), Somalia ($X) and Bulgaria ($X) constituted the largest markets for preserved frozen potato exported from Oman worldwide, with a combined 71% share of total exports.

Somalia, with a CAGR of +57.9%, 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 more modest paces of growth.

Export Prices by Country

The average preserved frozen potato export price stood at $X per ton in 2021, falling by -38.9% against the previous year. Over the period under review, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 34%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood 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 Somalia ($X per ton), while the average price for exports to Yemen ($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 Belgium (+42.3%), while the prices for the other major destinations experienced more modest paces of growth.

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Preserved Frozen Potato Imports

Imports into Oman

In 2021, approx. X tons of frozen potatoes prepared or preserved were imported into Oman; growing by 2.6% against 2020. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +94.8% against 2012 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 21% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, preserved frozen potato imports contracted modestly to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 30% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Belgium (X tons) and Egypt (X tons) were the main suppliers of preserved frozen potato imports to Oman, with a combined 46% share of total imports. The Netherlands, Germany, Iran, Austria, France and the United States lagged somewhat behind, together comprising a further 9.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +32.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved frozen potato suppliers to Oman were the United Arab Emirates ($X), Belgium ($X) and Egypt ($X), together accounting for 51% of total imports. These countries were followed by the Netherlands, Austria, Germany, Iran, France and the United States, which together accounted for a further 8.6%.

Iran, with a CAGR of +29.9%, saw the highest rates of growth with regard to 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 preserved frozen potato import price stood at $X per ton in 2021, which is down by -3.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 9.8% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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