Oman: Paddy Rice Market 2024

Paddy Rice Market Size in Oman

The Omani paddy rice market dropped notably to $X in 2022, falling by X% against the previous year. In general, consumption, however, posted a noticeable expansion. Paddy rice consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Paddy Rice Production in Oman

In value terms, paddy rice production dropped to $X in 2022 estimated in export price. Over the period under review, production enjoyed prominent growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

The average yield of paddy rice in Oman amounted to less than X kg per ha in 2022, approximately equating the previous year's figure. Over the period under review, the yield recorded 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.

In 2022, the total area harvested in terms of paddy rice production in Oman was estimated at less than X ha, therefore, remained relatively stable against the previous year. Overall, the harvested area saw a relatively flat trend pattern.

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Paddy Rice Exports

Exports from Oman

In 2022, shipments abroad of paddy rice decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, paddy rice exports fell to $X in 2022. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sudan (X tons) was the main destination for paddy rice exports from Oman, accounting for a X% share of total exports. Moreover, paddy rice exports to Sudan exceeded the volume sent to the second major destination, Yemen (X tons), fivefold. Liberia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sudan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (X% per year) and Liberia (X% per year).

In value terms, Sudan ($X) emerged as the key foreign market for paddy rice exports from Oman, comprising X% of total exports. The second position in the ranking was held by Yemen ($X), with a X% share of total exports. It was followed by Liberia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sudan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (X% per year) and Liberia (X% per year).

Export Prices by Country

The average paddy rice export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Iran ($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 Tanzania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Paddy Rice Imports

Imports into Oman

Paddy rice imports into Oman dropped rapidly to X tons in 2022, shrinking by X% on 2021 figures. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paddy rice imports contracted rapidly to $X in 2022. Overall, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Pakistan (X tons) and Kenya (X tons) were the main suppliers of paddy rice imports to Oman, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kenya (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paddy rice suppliers to Oman were the United Arab Emirates ($X), Pakistan ($X) and Kenya ($X), together comprising X% of total imports.

The United Arab Emirates, with a CAGR of X%, recorded 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 mixed trend patterns.

Import Prices by Country

The average paddy rice import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while the price for Kenya ($X per ton) was 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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