Price for Cereals; Millet, Other than Seed in Oman - 2022
Contents:
- Price for Cereals; Millet, Other than Seed in Oman (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Oman (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Oman
- Exports of Cereals; Millet, Other than Seed in Oman
Price for Cereals; Millet, Other than Seed in Oman (CIF) - 2022
In 2022, the average import price for cereals; millet, other than seeds amounted to $606 per ton, rising by 16% against the previous year. In general, the import price saw strong growth. The most prominent rate of growth was recorded in 2013 an increase of 35%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($606 per ton), while the price for India ($606 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Oman (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $402 per ton, surging by 62% against the previous year. In general, the export price recorded a resilient increase. Over the period under review, the average export prices attained the peak figure at $1,039 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Qatar.
From 2013 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +91.8% per year.
Imports of Cereals; Millet, Other than Seed in Oman
In 2022, supplies from abroad of cereals; millet, other than seeds decreased by -46.7% to 3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, imports attained the peak of 5.7K tons, and then dropped notably in the following year.
In value terms, cereals; millet, other than seed imports shrank dramatically to $1.8M in 2022. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 97%.
| Import of Cereals; Millet, Other than Seed in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 241 | 744 | 1,488 | 1,438 | 81.4% |
| United Arab Emirates | 626 | 846 | 1,244 | 304 | -21.4% |
| Pakistan | 19.6 | 140 | 104 | 82.0 | 61.1% |
| Others | 52.1 | 115 | 128 | 7.1 | -48.5% |
| Total | 938 | 1,844 | 2,965 | 1,831 | 25.0% |
Top Suppliers of Cereals; Millet, Other than Seed to Oman in 2022:
- India (2372.3 tons)
- United Arab Emirates (501.9 tons)
- Pakistan (135.3 tons)
Exports of Cereals; Millet, Other than Seed in Oman
In 2022, approx. 4.9 tons of cereals; millet, other than seeds were exported from Oman; dropping by -96.8% on 2021. Overall, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 3,573%. As a result, the exports attained the peak of 153 tons, and then dropped rapidly in the following year.
In value terms, cereals; millet, other than seed exports contracted significantly to $2K in 2022. Over the period under review, exports faced a precipitous slump. The growth pace was the most rapid in 2021 when exports increased by 2,337%. As a result, the exports reached the peak of $38K, and then dropped significantly in the following year.
| Export of Cereals; Millet, Other than Seed in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 17.2 | 0.9 | 7.9 | 2.0 | -51.2% |
| Yemen | N/A | N/A | 28.7 | N/A | 0% |
| United Arab Emirates | N/A | 0.7 | 1.5 | N/A | 114.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 17.2 | 1.6 | 38.1 | 2.0 | -51.2% |
Top Export Markets for Cereals; Millet, Other than Seed from Oman in 2022:
- Qatar (4.9 tons)
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