Oman: Egg Product Market 2024

Egg Product Market Size in Oman

In 2021, the Omani egg product market decreased by -16.1% to $X for the first time since 2013, thus ending a seven-year rising trend. Over the period under review, consumption, however, showed resilient growth. As a result, consumption attained the peak level of $X, and then contracted rapidly in the following year.

Egg Product Production in Oman

In value terms, egg product production declined markedly to $X in 2021 estimated in export price. Overall, production, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 105% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced sharply in the following year.

Egg Product Exports

Exports from Oman

In 2021, the amount of egg products exported from Oman soared to X tons, with an increase of 28% against 2020 figures. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, egg product exports surged to $X in 2021. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 43%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Qatar (X tons) was the main destination for egg product exports from Oman, with a 84% share of total exports. Moreover, egg product exports to Qatar exceeded the volume sent to the second major destination, India (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Qatar totaled +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Kuwait (+15.9% per year).

In value terms, Qatar ($X) remains the key foreign market for egg products exports from Oman, comprising 81% of total exports. The second position in the ranking was taken by India ($X), with a 9.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar totaled +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Kuwait (+3.2% per year).

Export Prices by Country

The average egg product export price stood at $X per ton in 2021, picking up by 5.9% against the previous year. In general, the export price, however, recorded a abrupt descent. The growth pace was the most rapid in 2017 when the average export price increased by 9.2%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Qatar ($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 (+17.7%), while the prices for the other major destinations experienced a decline.

Egg Product Imports

Imports into Oman

In 2021, after two years of decline, there was significant growth in overseas purchases of egg products, when their volume increased by 9.8% to X tons. Overall, imports, however, continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2016 when imports increased by 57% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, egg product imports expanded markedly to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 68% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India (X tons), Saudi Arabia (X tons) and France (X tons) were the main suppliers of egg product imports to Oman, with a combined 61% share of total imports. The United Arab Emirates, the Netherlands and the United States lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +30.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest egg product suppliers to Oman were India ($X), France ($X) and Saudi Arabia ($X), together comprising 59% of total imports.

India, with a CAGR of +18.7%, saw 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 egg product import price stood at $X per ton in 2021, approximately equating the previous year. In general, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, egg product import price decreased by -21.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 53% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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