Oman: Canned Meat Market 2024

Canned Meat Market Size in Oman

In 2021, the Omani canned meat market decreased by -8.8% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, continues to indicate a remarkable increase. Canned meat consumption peaked at $X in 2020, and then dropped in the following year.

Canned Meat Production in Oman

In value terms, canned meat production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The growth pace was the most rapid in 2015 when the production volume increased by 103%. Over the period under review, production reached the maximum level at $X in 2020, and then shrank in the following year.

Canned Meat Exports

Exports from Oman

In 2021, overseas shipments of canned meat decreased by -23.3% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 178% against the previous year. The exports peaked at X tons in 2020, and then dropped significantly in the following year.

In value terms, canned meat exports dropped sharply to $X in 2021. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 167% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then shrank markedly in the following year.

Exports by Country

Saudi Arabia (X tons), Somalia (X tons) and the United Arab Emirates (X tons) were the main destinations of canned meat exports from Oman, together comprising 65% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +20.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned meat exported from Oman were Saudi Arabia ($X), Somalia ($X) and the United Arab Emirates ($X), with a combined 73% share of total exports.

The United Arab Emirates, with a CAGR of +18.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average canned meat export price amounted to $X per ton, shrinking by -6.4% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, canned meat export price increased by +3.3% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+1.8%), while the prices for the other major destinations experienced a decline.

Canned Meat Imports

Imports into Oman

In 2021, canned meat imports into Oman skyrocketed to X tons, surging by 23% against the previous year's figure. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 63%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, canned meat imports surged to $X in 2021. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2019 when imports increased by 69%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of canned meat to Oman, with a 77% share of total imports. Moreover, canned meat imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), more than tenfold. The third position in this ranking was held by Kuwait (X tons), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+2.5% per year) and Kuwait (+38.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of canned meat to Oman, comprising 74% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 6.4% share of total imports. It was followed by Kuwait, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+5.8% per year) and Kuwait (+44.7% per year).

Import Prices by Country

In 2021, the average canned meat import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2016 when the average import price increased by 14% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then declined modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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