Oman: Prepared Mustard Market 2024

Prepared Mustard Market Size in Oman

The Omani prepared mustard market fell slightly to $X in 2022, declining by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Prepared Mustard Production in Oman

In value terms, prepared mustard production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Prepared mustard production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Prepared Mustard Exports

Exports from Oman

In 2022, overseas shipments of prepared mustard decreased by X% to X tons, falling for the second consecutive year after four years of growth. Overall, exports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, prepared mustard exports reduced remarkably to $X in 2022. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for prepared mustard exports from Oman, with a X% share of total exports. Moreover, prepared mustard exports to Saudi Arabia exceeded the volume sent to the second major destination, Free Zones (X kg), fivefold.

From 2014 to 2022, the average annual growth rate of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (X% per year) and Singapore (X.7% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for prepared mustard exports from Oman, comprising X% of total exports. The second position in the ranking was taken by Free Zones ($X), with a X% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (X% per year) and Singapore (X.5% per year).

Export Prices by Country

In 2022, the average prepared mustard export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Free Zones ($X per ton) was amongst the lowest.

From 2014 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.

Prepared Mustard Imports

Imports into Oman

After three years of decline, overseas purchases of prepared mustard increased by X% to X tons in 2022. In general, imports posted strong growth. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, prepared mustard imports surged to $X in 2022. Overall, imports recorded a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States (X tons), the United Arab Emirates (X tons) and the Netherlands (X tons) were the main suppliers of prepared mustard imports to Oman, together accounting for X% of total imports.

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

In value terms, the United States ($X), the United Arab Emirates ($X) and Qatar ($X) were the largest prepared mustard suppliers to Oman, with a combined X% share of total imports. The Netherlands, Turkey, Canada, the UK and Egypt lagged somewhat behind, together comprising a further X%.

Canada, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average prepared mustard import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained 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 Qatar ($X per ton), while the price for the United Arab Emirates ($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 States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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