Price for Cereal Groats and Meal; of Maize (Corn) in Oman - 2022

Price for Cereal Groats and Meal; of Maize (Corn) in Oman (CIF) - 2022

In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $561 per ton, which is down by -3% against the previous year. Overall, the import price, however, showed a slight expansion. The pace of growth appeared the most rapid in 2021 an increase of 26% against the previous year. As a result, import price reached the peak level of $579 per ton, and then contracted modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($562 per ton), while the price for the United Arab Emirates ($561 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Groats and Meal; of Maize (Corn) in Oman (FOB) - 2022

In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $471 per ton, surging by 62% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 86%. Over the period under review, the average export prices attained the maximum at $4,291 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Somalia ($471 per ton), while the average price for exports to Yemen amounted to $471 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+116.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats and Meal; of Maize (Corn) in Oman

In 2022, imports of cereal groats and meal; of maize (corn)s into Oman expanded remarkably to 3.4K tons, rising by 14% against 2021 figures. The total import volume increased at an average annual rate of +11.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, imports of cereal groats and meal; of maize (corn)s amounted to $1.9M in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Cereal Groats and Meal; of Maize (Corn) in Oman (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	529	697	1,333	1,869	52.3%
United Arab Emirates	240	309	251	19.6	-56.6%
Others	244	191	163	41.8	-44.5%
Total	1,013	1,196	1,747	1,930	24.0%

Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Oman in 2022:

India (3.3K tons)

Exports of Cereal Groats and Meal; of Maize (Corn) in Oman

In 2022, shipments abroad of cereal groats and meal; of maize (corn)s decreased by -8.3% to 50 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a significant expansion.

In value terms, exports of cereal groats and meal; of maize (corn)s skyrocketed to $24K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.