What is the price of cottonseed oil per kilogram/pound in Oman today?
The retail price range for Oman cottonseed oil is between US$ 9.97 and US$ 12.44 per kilogram or between US$ 4.52 and US$ 5.64 per pound(lb). Click here to see today's exact prices of cottonseed oil in Oman
The retail price range in Rial Omani for cottonseed oil is between OMR 3.84 and OMR 4.79 per kilogram or between OMR 1.74 and OMR 2.17 per pound(lb) in Muscat and Salalah.
Wholesale prices
In 2024, the approximate wholesale price range for Oman cottonseed oil is between US$ 6.98 and US$ 8.71 per kilogram or between US$ 3.17 and US$ 3.95 per pound(lb).
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Oman Cottonseed Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of cottonseed oil from Oman over the last five years has seen a steady decline. In 2021, the price was 1.26 US $ per kg, down from 1.87 US $ per kg in 2012. The price dropped to its lowest point in 2019, when it was 1.09 US $ per kg. In 2020, the price rose slightly to 1.11 US $ per kg, before increasing again to 1.26 US $ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of cottonseed oil from Oman will be 1.19 US $ per kg in 2023 and 1.14 US $ per kg in 2024.The Oman cottonseed oil exports are classified as:
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
- Crude cotton-seed oil (HS code 151221)
- Cotton-seed oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151229)
Oman Cottonseed Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of cottonseed oil into Oman has seen a steady decline over the past five years. In 2021, the price was recorded at $1.26, down from $1.87 in 2012. The lowest price was recorded in 2019 at $1.09. The price then increased slightly in 2020 to $1.11, before rising again in 2021 to $1.26. This suggests that the price of cottonseed oil is likely to remain relatively stable in the near future. Based on this trend, it is predicted that the import price per kilogram of cottonseed oil into Oman in 2023 will be around $1.20, and in 2024 it will be around $1.15.Export values for Oman cottonseed oil
The total values in export for cottonseed oil in Oman were US$ 54,594, US$ 52,220, US$ 42,073 and US$ 7,082 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 cottonseed oil in other countries across Middle East: Bahrain cottonseed oil, Cyprus cottonseed oil, Iraq cottonseed oil, Israel cottonseed oil, Jordan cottonseed oil, Kuwait cottonseed oil, Lebanon cottonseed oil, Palestine cottonseed oil, Oman cottonseed oil & Qatar cottonseed oil.
Oman cottonseed oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Oman shipped 5,774 tonnes of cottonseed oil. In 2019 alone, the market for Oman cottonseed oil (processed category) has gone down, recording a change of -83.334 % compared to the year 2018. Between 2017 and 2019, cottonseed oil's exports reduced by -84.95% earning Oman US$7.08m for the year 2019. Oman's cottonseed oil exports are classified as:
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
- Cotton-seed oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151229)
- Crude cotton-seed oil (HS code 151221)
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Oman cottonseed oil export values
In 2019, Oman exported cottonseed oil worth 7.08m USD, a contraction of -83.17% from 2018's total cottonseed oil export of 42.073m USD. The annual reduction in value of Oman cottonseed oil between 2017 to 2018 was -19.431%.
The annual change in the amount of Oman's cottonseed oil exports between 2017 and 2019 was -84.95 percent in comparison to a variation of -83.334% in the period between 2018 and 2019.
Oman's portion of the world's total cottonseed oil's exports in 2019 was less than 1%. The country holds number 83 in world exports of cottonseed oil.
Export markets for Oman cottonseed oil ( in '000$ )
Oman's best performing export markets for cottonseed oil are Somalia, United Arab Emirates (UAE), Saudi Arabia, Qatar and Pakistan.
Import/Export Trends
Oman is a net importer of cottonseed oil. The annual growth of Oman cottonseed oil in value between 2015 to 2019 was 29%, per year, while annual growth in quantity was %, per annum.
Oman ordered 22,529 tonnes of cottonseed oil in 2019.