Oman: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Oman

The Omani spirits and liqueurs market skyrocketed to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a measured increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Spirits and liqueurs consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Spirits And Liqueurs Exports

Exports from Oman

In 2022, overseas shipments of spirits, liqueurs and other spirituous beverages were finally on the rise to reach X litres for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, saw a deep reduction. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, spirits and liqueurs exports expanded remarkably to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India (X litres) was the main destination for spirits and liqueurs exports from Oman, with a X% share of total exports. Moreover, spirits and liqueurs exports to India exceeded the volume sent to the second major destination, the United Arab Emirates (X litres), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to India totaled X%.

From 2012 to 2022, the average annual growth rate of value to India amounted to X%.

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2022, shrinking by X% against the previous year. In general, the export price, however, recorded buoyant growth. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per litre, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per litre), while the average price for exports to India amounted to $X per litre.

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.

Spirits And Liqueurs Imports

Imports into Oman

In 2022, the amount of spirits, liqueurs and other spirituous beverages imported into Oman surged to X litres, increasing by X% on the previous year's figure. In general, imports recorded a pronounced increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X litres in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, spirits and liqueurs imports surged to $X in 2022. Overall, total imports indicated a tangible expansion from 2012 to 2022: its value 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 increased by X% against 2020 indices. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

India (X litres), the United Arab Emirates (X litres) and the UK (X litres) were the main suppliers of spirits and liqueurs imports to Oman, with a combined X% share of total imports. France, Ukraine, Ireland, Australia and the United States lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United Arab Emirates ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Oman, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Ireland, with an X% share.

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

Import Prices by Country

In 2022, the average spirits and liqueurs import price amounted to $X per litre, surging by X% against the previous year. In general, the import price, however, continues to indicate a slight slump. Over the period under review, average import prices attained the maximum at $X per litre in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Ireland ($X per litre), while the price for Ukraine ($X per litre) 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 a decline.

Source: IndexBox Platform

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