Oman: Market for Spices Except Pepper or Ginger 2024

Market Size for Spices Except Pepper or Ginger in Oman

In 2022, the Omani market for spices except pepper or ginger decreased by X% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, saw a perceptible expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Exports of Spices Except Pepper or Ginger

Exports from Oman

In 2022, spices except pepper or ginger exports from Oman declined rapidly to X tons, shrinking by X% on the previous year. In general, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, spices except pepper or ginger exports rose remarkably to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X tons), Qatar (X tons) and Spain (X tons) were the main destinations of spices except pepper or ginger exports from Oman, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for spices except pepper or ginger exports from Oman, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Qatar, with an X% share.

From 2012 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: Spain (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average export price for spices except pepper or ginger amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices Except Pepper or Ginger

Imports into Oman

In 2022, purchases abroad of spices except pepper or ginger decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, total imports indicated tangible growth from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, spices except pepper or ginger imports rose slightly to $X in 2022. Overall, imports, however, saw resilient growth. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), India (X tons) and Bangladesh (X tons) were the main suppliers of spices except pepper or ginger imports to Oman, together accounting for X% of total imports. Sri Lanka, Pakistan, Bahrain and Iran lagged somewhat behind, together comprising a further X%.

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

In value terms, the United Arab Emirates ($X), India ($X) and Iran ($X) were the largest spices except pepper or ginger suppliers to Oman, together comprising X% of total imports. Bangladesh, Pakistan, Bahrain and Sri Lanka lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Sri Lanka, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for spices except pepper or ginger stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated moderate growth 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, spices except pepper or ginger import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($X per ton), while the price for Bangladesh ($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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