What is the price of canola oil per kilogram/pound in Oman today?
The retail price range for Oman canola oil is between US$ 4.37 and US$ 9.23 per kilogram or between US$ 1.98 and US$ 4.19 per pound(lb). Click here to see today's exact prices of canola oil in Oman
The retail price range in Rial Omani for canola oil is between OMR 1.68 and OMR 3.55 per kilogram or between OMR 0.76 and OMR 1.61 per pound(lb) in Muscat and Salalah.
Wholesale prices
In 2024, the approximate wholesale price range for Oman canola oil is between US$ 3.06 and US$ 6.46 per kilogram or between US$ 1.39 and US$ 2.93 per pound(lb).
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Oman Canola Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Canola Oil from Oman has seen a steady increase over the last five years. In 2014, the price was 1.40 US dollars per kg, and by 2018 it had risen to 1.51 US dollars per kg. However, in 2019 the price dropped to 1.20 US dollars per kg, and in 2020 it decreased further to 0.91 US dollars per kg. Based on this data, it is likely that the export price per kilogram of Canola Oil from Oman will remain around 0.91 US dollars per kg in 2023 and 2024.The canola oil exports from Oman are classified as:
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
Oman Canola Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Canola Oil into Oman over the last five years has been quite volatile. In 2014, the price was 1.40 US dollars per kg, which increased to 2.00 US dollars per kg in 2015. However, in 2016, the price dropped significantly to 0.33 US dollars per kg. The price then increased to 1.07 US dollars per kg in 2017 and further to 1.51 US dollars per kg in 2018. In 2019, the price dropped again to 1.20 US dollars per kg and in 2020, the price was 0.91 US dollars per kg. Based on this data, it is predicted that the import price per kilogram of Canola Oil into Oman in 2023 will be 1.20 US dollars per kg and in 2024 will be 1.41 US dollars per kg.Export values for Oman canola oil
The total values in export for canola oil in Oman were US$ 5, US$ 107, US$ 1,423 and US$ 20 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Oman: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of canola oil in other countries across Middle East: Bahrain canola oil, Cyprus canola oil, Iraq canola oil, Israel canola oil, Jordan canola oil, Kuwait canola oil, Lebanon canola oil, Palestine canola oil, Oman canola oil & Qatar canola oil.
Oman canola oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Oman shipped 14 tonnes of canola oil. Through 2019 alone, the interest in Oman canola oil (processed category) has decreased, with a change of -98.514 percent compared to the year 2018. Between 2017 and 2019, canola oil's exports decreased by -86% bringing the country US$0.02m for the year 2019. Oman's canola oil exports are classified as:
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
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Oman canola oil export values
In 2019, Oman exported canola oil worth 0.02m USD, a drop of -98.59% from 2018's total canola oil export of 1.423m USD. The annual reduction in value of Oman canola oil between 2017 to 2018 was 1229.907%.
The annual change in the amount of Oman's canola oil exports between 2017 and 2019 was -86 per cent when compared to a variation of -98.514% in the growth rate between 2018 and 2019.
Oman's stake of the world's total canola oil's exports in 2019 was less than 1%. The country is ranked number 28 in world exports of canola oil.
Export markets for Oman canola oil ( in '000$ )
Oman's leading destinations for canola oil are Morocco, United Arab Emirates (UAE), Syria, Saudi Arabia and Qatar.
Import/Export Trends
Oman is a net importer of canola oil. The annual growth of Oman canola oil in value between 2015 to 2019 was 62%, per annum, while annual growth in quantity during the same period was %, per annum.
Oman ordered 1,707 tonnes of canola oil in 2019.