Oman: Banana Market 2024

Banana Market Size in Oman

In 2022, the Omani banana market increased by X% to $X, rising for the seventh year in a row after three years of decline. Over the period under review, consumption saw a relatively flat trend pattern. Banana consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Banana Production in Oman

In value terms, banana production contracted modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of bananas in Oman declined to X tons per ha, remaining stable against the year before. Over the period under review, the yield saw a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the average banana yield reached the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The banana harvested area in Oman was estimated at X ha in 2022, remaining constant against 2021 figures. In general, the harvested area, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2017 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to banana production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Banana Exports

Exports from Oman

In 2022, the amount of bananas exported from Oman contracted markedly to X tons, with a decrease of X% against the year before. In general, exports saw a deep setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, banana exports shrank dramatically to $X in 2022. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), Qatar (X tons) and Kuwait (X tons) were the main destinations of banana exports from Oman, together accounting for X% of total exports. India, the United Arab Emirates and Bahrain lagged somewhat behind, together accounting for 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 Bahrain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Qatar ($X) and Kuwait ($X) were the largest markets for banana exported from Oman worldwide, together accounting for X% of total exports. India, the United Arab Emirates and Bahrain lagged somewhat behind, together comprising a further X%.

Bahrain, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average banana export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Kuwait ($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 India (X%), while the prices for the other major destinations experienced mixed trend patterns.

Banana Imports

Imports into Oman

In 2022, the amount of bananas imported into Oman contracted to X tons, with a decrease of X% against 2021. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, banana imports rose rapidly to $X in 2022. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of banana to Oman, accounting for a X% share of total imports. Moreover, banana imports from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), sixfold. The third position in this ranking was taken by Morocco (X tons), with an X% share.

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

In value terms, India ($X), the United Arab Emirates ($X) and Morocco ($X) constituted the largest banana suppliers to Oman, with a combined X% share of total imports. Spain and the Philippines lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 banana import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, recorded a pronounced setback. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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