Oman: Market for Yoghurt and Fermented Milk 2024

Market Size for Yoghurt and Fermented Milk in Oman

In 2022, after three years of decline, there was growth in the Omani yoghurt and fermented milk market, when its value increased by X% to $X. In general, consumption recorded a buoyant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Yoghurt and Fermented Milk in Oman

In value terms, yoghurt and fermented milk production surged to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Yoghurt and fermented milk production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Yoghurt and Fermented Milk

Exports from Oman

In 2022, yoghurt and fermented milk exports from Oman surged to X tons, increasing by X% compared with the year before. Overall, exports saw a strong increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, yoghurt and fermented milk exports soared to $X in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Saudi Arabia (X tons), Yemen (X tons) and Bahrain (X tons) were the main destinations of yoghurt and fermented milk exports from Oman, with a combined X% share 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 Bahrain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for yoghurt and fermented milk exported from Oman were Saudi Arabia ($X), Yemen ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average yoghurt and fermented milk export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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 ($X per ton), while the average price for exports to Bahrain ($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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yoghurt and Fermented Milk

Imports into Oman

In 2022, overseas purchases of yoghurt and fermented milk increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, yoghurt and fermented milk imports totaled $X in 2022. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Malaysia (X tons) were the main suppliers of yoghurt and fermented milk imports to Oman, together comprising X% of total imports.

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

In value terms, the largest yoghurt and fermented milk suppliers to Oman were Saudi Arabia ($X), the United Arab Emirates ($X) and Malaysia ($X), together accounting for X% of total imports.

In terms of the main suppliers, Malaysia, 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 yoghurt and fermented milk import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. The import price peaked at $X per ton 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 Bahrain ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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