Milled Rice Price in Oman - 2021
Contents:
- Milled Rice Price in Oman (CIF) - 2022
- Milled Rice Price in Oman (FOB) - 2022
- Milled Rice Imports in Oman
- Milled Rice Exports in Oman
Milled Rice Price in Oman (CIF) - 2022
The average milled rice import price stood at $949 per ton in 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2017 when the average import price increased by 18%. Over the period under review, average import prices attained the peak figure at $954 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($1,138 per ton) and Pakistan ($1,098 per ton), while the price for Thailand ($796 per ton) and India ($892 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Price in Oman (FOB) - 2022
In 2022, the average milled rice export price amounted to $699 per ton, growing by 8.5% against the previous year. Over the period under review, the export price, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by 121%. As a result, the export price reached the peak level of $1,340 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($2,957 per ton), while the average price for exports to Yemen ($545 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 Kenya (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Milled Rice Imports in Oman
In 2022, the amount of semi-milled or wholly milled (bleached) rice imported into Oman expanded remarkably to 230K tons, growing by 7.2% against 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 8.6%. As a result, imports attained the peak of 246K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, milled rice imports expanded sharply to $218M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. As a result, imports reached the peak of $234M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Milled Rice in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 99.5 | 126 | 120 | 145 | 13.4% |
| Pakistan | 60.5 | 59.8 | 37.3 | 57.3 | -1.8% |
| United Arab Emirates | 48.1 | 44.4 | 42.0 | 11.6 | -37.8% |
| Others | 3.1 | 3.7 | 3.6 | 4.5 | 13.2% |
| Total | 211 | 234 | 203 | 218 | 1.1% |
Top Suppliers of Milled Rice to Oman in 2022:
- India (162.6K tons)
- Pakistan (52.2K tons)
- United Arab Emirates (10.2K tons)
Milled Rice Exports in Oman
In 2022, overseas shipments of semi-milled or wholly milled (bleached) rice increased by 48% to 1.4K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a sharp curtailment.
In value terms, milled rice exports surged to $954K in 2022. In general, exports, however, faced a precipitous slump.
| Export of Milled Rice in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Yemen | 408 | 841 | 380 | 594 | 13.3% |
| Somalia | 910 | 75.8 | 23.6 | 78.2 | -55.9% |
| Pakistan | 265 | 61.6 | 37.4 | 69.7 | -35.9% |
| United Arab Emirates | 641 | 94.1 | 19.7 | 67.3 | -52.8% |
| Italy | 24.5 | 12.1 | 39.6 | 61.8 | 36.1% |
| India | 103 | 130 | 51.7 | 17.0 | -45.1% |
| Qatar | 288 | 15.8 | 1.1 | 1.3 | -83.5% |
| Others | 255 | 82.6 | 42.4 | 65.1 | -36.6% |
| Total | 2,894 | 1,313 | 596 | 954 | -30.9% |
Top Export Markets for Milled Rice from Oman in 2022:
- Yemen (1090.0 tons)
- Somalia (71.5 tons)
- Italy (53.2 tons)
- Pakistan (50.8 tons)
- United Arab Emirates (45.4 tons)
- India (25.7 tons)
- Qatar (0.8 tons)
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