Oman: Maize Market 2024

Maize Market Size in Oman

In 2022, the Omani maize market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, recorded a noticeable increase. Maize consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Maize Production in Oman

In value terms, maize production rose to $X in 2022 estimated in export price. Overall, production showed a abrupt decline. The growth pace was the most rapid in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

The average yield of maize in Oman rose modestly to X tons per ha in 2022, surging by X% against the year before. Over the period under review, the yield, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the average maize yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of maize in Oman shrank to X ha, declining by X% compared with the previous year. Overall, the harvested area, however, showed a slight expansion. The pace of growth appeared the most rapid in 2020 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to maize production reached the peak figure at X ha in 2021, and then dropped in the following year.

Maize Exports

Exports from Oman

In 2022, after two years of growth, there was significant decline in overseas shipments of maize, when their volume decreased by X% to X tons. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell markedly in the following year.

In value terms, maize exports shrank markedly to $X in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Qatar (X tons) was the main destination for maize exports from Oman, with a X% share of total exports. Moreover, maize exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Somalia (X% per year).

In value terms, Qatar ($X) emerged as the key foreign market for maize exports from Oman, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Somalia (X% per year).

Export Prices by Country

In 2022, the average maize export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2015 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 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to Qatar ($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 Qatar (X%).

Maize Imports

Imports into Oman

Maize imports into Oman dropped remarkably to X tons in 2022, shrinking by X% compared with 2021 figures. Overall, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, maize imports shrank significantly to $X in 2022. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then contracted sharply in the following year.

Imports by Country

Argentina (X tons), Pakistan (X tons) and Brazil (X tons) were the main suppliers of maize imports to Oman, with a combined X% share of total imports. The United Arab Emirates, Iran, India and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Pakistan ($X) and Brazil ($X) constituted the largest maize suppliers to Oman, together comprising X% of total imports. The United Arab Emirates, Iran, India and the United States lagged somewhat behind, together comprising a further X%.

Iran, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 maize import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($X per ton) and Argentina ($X per ton), while the price for Iran ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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