Oman: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Oman

For the third consecutive year, the Omani sugary soft drink market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption, however, saw a noticeable contraction. Sugary soft drink consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sugary Soft Drink Production in Oman

In value terms, sugary soft drink production reduced slightly to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Sugary Soft Drink Exports

Exports from Oman

In 2022, shipments abroad of sugary soft drinks decreased by X% to X litres for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at X litres in 2021, and then reduced markedly in the following year.

In value terms, sugary soft drink exports reduced to $X in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

The United Arab Emirates (X litres), Iran (X litres) and Qatar (X litres) were the main destinations of sugary soft drink exports from Oman, with a combined X% share of total exports. Yemen, Somalia, Kuwait and Libya lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for sugary soft drink exported from Oman were the United Arab Emirates ($X), Iran ($X) and Qatar ($X), together accounting for X% of total exports. Yemen, Somalia, Kuwait and Libya lagged somewhat behind, together accounting for a further X%.

Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sugary soft drink export price stood at $X per litre in 2022, with an increase of X% against the previous year. Overall, export price indicated a pronounced expansion 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, sugary soft drink export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per litre 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 countries with the highest prices were Somalia ($X per litre) and Iran ($X per litre), while the average price for exports to Kuwait ($X per litre) and Qatar ($X per litre) were amongst the lowest.

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

Sugary Soft Drink Imports

Imports into Oman

In 2022, approx. X litres of sugary soft drinks were imported into Oman; waning by X% compared with 2021 figures. Overall, imports showed a perceptible reduction. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports attained the peak of X litres. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, sugary soft drink imports shrank to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X litres) constituted the largest sugary soft drink supplier to Oman, accounting for a X% share of total imports. Moreover, sugary soft drink imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X litres), eightfold. The third position in this ranking was taken by Indonesia (X litres), with a X% share.

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

In value terms, the United Arab Emirates ($X) constituted the largest supplier of sugary soft drinks to Oman, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average sugary soft drink import price stood at $X per litre in 2022, rising by X% against the previous year. Over the period under review, import price indicated a measured expansion 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, sugary soft drink import price increased by X% against 2020 indices. 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 Japan ($X per litre), while the price for Iran ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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