Oman: Artificial Guts Market 2024

Artificial Guts Market Size in Oman

The Omani artificial guts market totaled $X in 2022, remaining stable against the previous year. Overall, consumption showed a tangible expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Artificial Guts Production in Oman

In value terms, artificial guts production totaled $X in 2022 estimated in export price. Overall, production posted a notable expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 92% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Artificial Guts Exports

Exports from Oman

After three years of growth, overseas shipments of artificial guts (sausage skins) decreased by -5% to X tons in 2022. Over the period under review, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2016 with an increase of 2,388% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, artificial guts exports shrank slightly to $X in 2022. Overall, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2016 when exports increased by 4,198% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for artificial guts exports from Oman, with a 94% share of total exports. Moreover, artificial guts exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to -10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-14.5% per year) and Qatar (-48.8% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for artificial guts (sausage skins) exports from Oman, comprising 78% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-12.1% per year) and Qatar (-47.2% per year).

Export Prices by Country

The average artificial guts export price stood at $X per ton in 2022, with an increase of 5% against the previous year. In general, the export price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 73% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+111.1%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Guts Imports

Imports into Oman

In 2022, overseas purchases of artificial guts (sausage skins) decreased by -3.3% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by 257%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, artificial guts imports reduced modestly to $X in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 314% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest artificial guts supplier to Oman, accounting for a 44% share of total imports. Moreover, artificial guts imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +50.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+15.7% per year) and the United Arab Emirates (+5.9% per year).

In value terms, Spain ($X) constituted the largest supplier of artificial guts (sausage skins) to Oman, comprising 31% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+19.8% per year) and China (+57.0% per year).

Import Prices by Country

The average artificial guts import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 64%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+65.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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