Oman: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Oman

The Omani market for fish fillets and other fish meat reduced to $X in 2022, shrinking by -14.1% against the previous year. Overall, consumption saw a abrupt decline. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Fish Fillets and Other Fish Meat in Oman

In value terms, production of fish fillets and other fish meat amounted to $X in 2022 estimated in export price. In general, production continues to indicate a precipitous shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by 377,286,700% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Fish Fillets and Other Fish Meat

Exports from Oman

In 2022, the amount of fish fillets and other fish meat exported from Oman fell to X tons, reducing by -9.4% against the year before. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 201%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fish fillets and other fish meat contracted dramatically to $X in 2022. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 209% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Vietnam (X tons), Thailand (X tons) and Bangladesh (X tons) were the main destinations of exports of fish fillets and other fish meat from Oman, with a combined 70% share of total exports. Qatar, Russia, the United States and the United Arab Emirates lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +53.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fish fillets and other fish meat exported from Oman were Qatar ($X), Vietnam ($X) and the United States ($X), together comprising 71% of total exports.

In terms of the main countries of destination, Qatar, with a CAGR of +66.7%, recorded the highest rates of growth with regard to 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

The average export price for fish fillets and other fish meat stood at $X per ton in 2022, which is down by -12.2% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 75%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Bangladesh ($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 Taiwan (Chinese) (+173.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports into Oman

In 2022, imports of fish fillets and other fish meat into Oman reduced to X tons, with a decrease of -10.6% against the year before. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 98% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of fish fillets and other fish meat shrank to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 105%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Vietnam (X tons), the United Arab Emirates (X tons) and Singapore (X tons) were the main suppliers of imports of fish fillets and other fish meat to Oman, with a combined 94% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +23.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of fish fillets and other fish meat to Oman, comprising 56% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 23% share of total imports. It was followed by Singapore, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-9.8% per year) and Singapore (+10.3% per year).

Import Prices by Country

The average import price for fish fillets and other fish meat stood at $X per ton in 2022, with a decrease of -3.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 the United Arab Emirates ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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