What is the price of palm oil per kilogram/pound in Oman today?
The retail price range for Oman palm oil is between US$ 0.69 and US$ 1.18 per kilogram or between US$ 0.31 and US$ 0.53 per pound(lb). Click here to see today's exact prices of palm oil in Oman
The retail price range in Rial Omani for palm oil is between OMR 0.26 and OMR 0.45 per kilogram or between OMR 0.12 and OMR 0.21 per pound(lb) in Muscat and Salalah.
Wholesale prices
In 2024, the approximate wholesale price range for Oman palm oil is between US$ 0.48 and US$ 0.82 per kilogram or between US$ 0.22 and US$ 0.37 per pound(lb).
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Oman Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Oman over the last five years has seen a steady decline. In 2012, the price was 1.47 US dollars per kg, and by 2021, it had dropped to 1.14 US dollars per kg. The biggest drop in price occurred between 2018 and 2019, when the price fell from 45.58 US dollars per kg to 0.93 US dollars per kg. Based on this trend, it is likely that the export price of Palm Oil from Oman will continue to decrease in the coming years, with a predicted price of 0.90 US dollars per kg in 2023 and 0.88 US dollars per kg in 2024.The palm oil exports from Oman are categorised as:
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
Oman Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Oman has seen a steady decline over the past five years. In 2012, the price was 1.47 US dollars per kg, and by 2021, it had dropped to 1.14 US dollars per kg. This represents a decrease of 22.4%. In 2013, the price was 1.26 US dollars per kg, and in 2014, it was 1.31 US dollars per kg. In 2015, the price rose slightly to 1.37 US dollars per kg, before dropping to 1.32 US dollars per kg in 2016. The price then dropped further to 1.2 US dollars per kg in 2017. In 2018, the price spiked to 45.58 US dollars per kg, before dropping back to 0.93 US dollars per kg in 2019 and 0.92 US dollars per kg in 2020. Based on this trend, it is likely that the price of Palm Oil into Oman will remain relatively stable in the next two years, with a predicted price of 1.14 US dollars per kg in 2023 and 1.15 US dollars per kg in 2024.Export values for Oman palm oil
The total values in export for palm oil in Oman were US$ 64,254, US$ 60,087, US$ 56,245 and US$ 77,285 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 palm oil in other countries across Middle East: Bahrain palm oil, Cyprus palm oil, Iraq palm oil, Israel palm oil, Jordan palm oil, Kuwait palm oil, Lebanon palm oil, Palestine palm oil, Oman palm oil & Qatar palm oil.
Oman palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Oman sold 76,175 tonnes of palm oil. In 2019 alone, the interest in Oman palm oil (processed category) has climbed, changing by 56.468 percent compared to the year 2018. Between 2017 and 2019, palm oil's exports went up by 52.73 pc netting the country US$77.28m for the year 2019. Oman's palm oil exports are classified as:
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm oil (HS code 151110)
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Oman palm oil export values
In 2019, Oman supplied palm oil valued at 77.28m USD, an increment of 37.40% from 2018's total palm oil export of 56.245m USD. The yearly increase in value of Oman palm oil between 2017 to 2018 was -6.394%.
The per year variation in the volume of Oman's palm oil exports between 2017 and 2019 was 52.73 percent when compared to a variation of 56.468% in the growth rate between 2018 and 2019.
Export markets for Oman palm oil ( in '000$ )
Oman's top export markets for palm oil are Saudi Arabia, Qatar, Yemen, India and Sweden.
Oman imported 189,873 tonnes of palm oil in 2019.