Oman: Nuts Market 2024

Nuts Market Size in Oman

In 2022, the Omani nuts market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption, however, showed a resilient increase. Over the period under review, the market hit record highs at $X in 2021, and then shrank markedly in the following year.

Nuts Production in Oman

In value terms, nuts production stood at $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume decreased by X%. Nuts production peaked in 2022 and is likely to see gradual growth in the near future.

In 2022, the average yield of nuts in Oman stood at less than X kg per ha, therefore, remained relatively stable against 2021. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The nuts harvested area in Oman amounted to less than X ha in 2022, almost unchanged from 2021 figures. Overall, the harvested area continues to indicate a relatively flat trend pattern.

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Nuts Exports

Exports from Oman

In 2022, the amount of nuts exported from Oman dropped remarkably to X tons, waning by X% compared with the previous year's figure. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, nuts exports dropped significantly to $X in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X tons) was the main destination for nuts exports from Oman, accounting for a X% share of total exports. Moreover, nuts exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. Free Zones (X tons) ranked third in terms of total exports with a X% share.

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

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

From 2012 to 2022, the average annual rate of growth in terms 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 Free Zones (X% per year).

Export Prices by Country

In 2022, the average nuts export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Nuts Imports

Imports into Oman

In 2022, after four years of growth, there was significant decline in purchases abroad of nuts, when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, nuts imports fell markedly to $X in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell dramatically in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest nuts supplier to Oman, accounting for a X% share of total imports. Moreover, nuts imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold. China (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the United Arab Emirates ($X) constituted the largest supplier of nuts to Oman, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

Import Prices by Country

The average nuts import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a notable increase 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, nuts import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, 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 more modest paces of growth.

Source: IndexBox Platform

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