Report Update Nov 1, 2024

Oman - Anchovies (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in Oman

In 2021, the Omani preserved anchovies market decreased by -7.4% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a resilient expansion. Preserved anchovies consumption peaked at $X in 2020, and then dropped in the following year.

Preserved Anchovies Production in Oman

In value terms, preserved anchovies production declined to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 93% against the previous year. Preserved anchovies production peaked at $X in 2020, and then dropped in the following year.

Preserved Anchovies Exports

Exports from Oman

In 2017, the amount of anchovies (prepared or preserved) exported from Oman shrank remarkably to X kg, waning by -90.8% against 2016 figures. In general, exports recorded a significant decrease. Over the period under review, the exports attained the peak figure at X tons in 2016, and then fell remarkably in the following year.

In value terms, preserved anchovies exports declined rapidly to $X in 2017. Over the period under review, exports showed a sharp descent. Over the period under review, the exports hit record highs at $X in 2016, and then reduced markedly in the following year.

Exports by Country

Saudi Arabia (X kg) was the main destination for preserved anchovies exports from Oman, accounting for a 98% share of total exports. It was followed by Qatar (X kg), with a 1.7% share of total exports.

From 2016 to 2017, the average annual growth rate of volume to Saudi Arabia was relatively modest.

From 2016 to 2017, the average annual growth rate of value to Saudi Arabia was relatively modest.

Export Prices by Country

In 2017, the average preserved anchovies export price amounted to $X per ton, rising by 11% against the previous year. Over the period from 2016 to 2017, it increased at an average annual rate of +10.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2017, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Saudi Arabia stood at $X per ton.

From 2016 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (0.0%).

Preserved Anchovies Imports

Imports into Oman

In 2021, imports of anchovies (prepared or preserved) into Oman rose remarkably to X tons, surging by 6.4% against 2020. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 640% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, preserved anchovies imports expanded sharply to $X in 2021. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 638% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Philippines (X tons) constituted the largest supplier of preserved anchovies to Oman, accounting for a 83% share of total imports. Moreover, preserved anchovies imports from the Philippines exceeded the figures recorded by the second-largest supplier, Qatar (X kg), more than tenfold. The third position in this ranking was held by Turkey (X kg), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Philippines totaled +41.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+36.4% per year) and Turkey (0.0% per year).

In value terms, the largest preserved anchovies suppliers to Oman were Qatar ($X), the United States ($X) and Turkey ($X), with a combined 68% share of total imports. These countries were followed by the UK, Egypt, the Philippines and the United Arab Emirates, which together accounted for a further 28%.

The UK, with a CAGR of +58.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average preserved anchovies import price amounted to $X per ton, surging by 2.5% against the previous year. Overall, the import price, however, showed a mild reduction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for anchovies (prepared or preserved) in the world?

The countries with the highest volumes of preserved anchovies consumption in 2021 were China, the United States and India, with a combined 27% share of global consumption. Japan, Pakistan, Germany, Brazil, Russia, Indonesia, Nigeria, Italy, the UK and Bangladesh lagged somewhat behind, together comprising a further 26%.

What are the largest producers of anchovies (prepared or preserved) in the world?

The countries with the highest volumes of preserved anchovies production in 2021 were China, the United States and India, together accounting for 27% of global production. These countries were followed by Japan, Pakistan, Brazil, Germany, Russia, Indonesia, Nigeria, Bangladesh, the UK and Mexico, which together accounted for a further 26%.

What are the leading suppliers of anchovies (prepared or preserved) to Oman?

In value terms, the United States constituted the largest supplier of preserved anchovies to Oman, comprising 78% of total imports. The second position in the ranking was occupied by the United Arab Emirates $165), with an 11% share of total imports. It was followed by the UK, with a 6.9% share.

What is the average export price for anchovies (prepared or preserved) in Oman?

The average preserved anchovies export price stood at $7,124 per ton in 2017, therefore, remained relatively stable against the previous year.

What is the average import price for anchovies (prepared or preserved) in Oman?

In 2021, the average preserved anchovies import price amounted to $4,892 per ton, waning by -29.4% against the previous year.

This report provides an in-depth analysis of the preserved anchovies market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202560 - Prepared or preserved anchovies, whole or in pieces (excluding minced products and prepared meals and dishes)

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023