Oman: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Oman

The Omani dried or salted fish market shrank to $X in 2021, falling by -8% against the previous year. Overall, consumption, however, posted a remarkable increase. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Production of Dried Or Salted Fish in Oman

In value terms, dried or salted fish production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible expansion. The pace of growth appeared the most rapid in 2017 with an increase of 62%. Dried or salted fish production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Dried Or Salted Fish

Exports from Oman

Dried or salted fish exports from Oman declined dramatically to X tons in 2021, which is down by -31.4% compared with the previous year. Overall, exports faced a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of 211%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, dried or salted fish exports plummeted to $X in 2021. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 66% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for dried or salted fish exports from Oman, with a 70% share of total exports. Moreover, dried or salted fish exports to the United Arab Emirates exceeded the volume sent to the second major destination, Sri Lanka (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled -12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (-7.7% per year) and Yemen (+36.7% per year).

In value terms, the largest markets for dried or salted fish exported from Oman were the United Arab Emirates ($X), Sri Lanka ($X) and Yemen ($X), with a combined 97% share of total exports.

Yemen, with a CAGR of +24.2%, 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 a decline.

Export Prices by Country

In 2021, the average dried or salted fish export price amounted to $X per ton, which is down by -25.5% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 183% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Yemen ($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 Sri Lanka (+7.2%), while the prices for the other major destinations experienced a decline.

Imports of Dried Or Salted Fish

Imports into Oman

In 2021, dried or salted fish imports into Oman fell rapidly to X tons, dropping by -34.7% on 2020 figures. Over the period under review, imports showed a deep setback. The pace of growth appeared the most rapid in 2015 when imports increased by 169%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, dried or salted fish imports contracted remarkably to $X in 2021. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 115% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Myanmar (X tons) constituted the largest dried or salted fish supplier to Oman, with a 56% share of total imports. Moreover, dried or salted fish imports from Myanmar exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by India (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Myanmar amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-2.3% per year) and India (+10.2% per year).

In value terms, Myanmar ($X) constituted the largest supplier of dried or salted fish to Oman, comprising 59% of total imports. The second position in the ranking was taken by India ($X), with a 20% share of total imports. It was followed by Egypt, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from Myanmar totaled -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-9.4% per year) and Egypt (+17.1% per year).

Import Prices by Country

In 2021, the average dried or salted fish import price amounted to $X per ton, with a decrease of -7.6% against the previous year. Over the period under review, the import price showed a pronounced decline. The growth pace was the most rapid in 2016 when the average import price increased by 59%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Egypt ($X per ton), while the price for Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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