Oman: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Oman

The Omani dried or smoked fish market expanded notably to $X in 2021, growing by 11% against the previous year. Over the period under review, consumption saw a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Dried Or Smoked Fish in Oman

In value terms, dried or smoked fish production surged to $X in 2021 estimated in export price. In general, production showed a resilient increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 75%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Dried Or Smoked Fish

Exports from Oman

In 2021, exports of dried or smoked fish from Oman surged to X tons, growing by 31% compared with the previous year's figure. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 285% against the previous year. 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 smoked fish exports skyrocketed to $X in 2021. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 352%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

Sri Lanka (X tons), Bahrain (X tons) and the United Arab Emirates (X tons) were the main destinations of dried or smoked fish exports from Oman, together comprising 89% 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 Bahrain (with a CAGR of +121.5%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Sri Lanka ($X) and the United Arab Emirates ($X) appeared to be the largest markets for dried or smoked fish exported from Oman worldwide, together comprising 92% of total exports. These countries were followed by Bahrain and Qatar, which together accounted for a further 7.2%.

In terms of the main countries of destination, Bahrain, with a CAGR of +106.7%, saw the highest growth rate of the value of exports, 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 dried or smoked fish export price amounted to $X per ton, with an increase of 107% against the previous year. Over the period under review, the export price, however, saw a mild downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Bahrain ($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 (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dried Or Smoked Fish

Imports into Oman

In 2021, purchases abroad of dried or smoked fish was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a deep setback. The growth pace was the most rapid in 2018 when imports increased by 233% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, dried or smoked fish imports soared to $X in 2021. Overall, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 208% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Yemen (X tons), Myanmar (X tons) and the United Arab Emirates (X tons) were the main suppliers of dried or smoked fish imports to Oman, together comprising 77% of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +56.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dried or smoked fish suppliers to Oman were the United Arab Emirates ($X), Myanmar ($X) and Egypt ($X), with a combined 67% share of total imports.

Myanmar, with a CAGR of +40.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dried or smoked fish import price stood at $X per ton in 2021, dropping by -4.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 99% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a 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 Thailand (+6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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