Oman: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Oman

The Omani battered fish fillet market rose to $X in 2021, picking up by 4% against the previous year. Overall, consumption posted a remarkable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Battered Fish Fillet Production in Oman

In value terms, battered fish fillet production amounted to $X in 2021 estimated in export price. In general, production posted a strong increase. The growth pace was the most rapid in 2015 with an increase of 38% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Battered Fish Fillet Exports

Exports from Oman

In 2021, overseas shipments of fish fillets in batter or breadcrumbs decreased by -57.8% to X tons, falling for the fifth year in a row after two years of growth. In general, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 51%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, battered fish fillet exports contracted remarkably to $X in 2021. Over the period under review, exports faced a significant decrease. The growth pace was the most rapid in 2013 when exports increased by 47%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Yemen (X tons), the United Arab Emirates (X tons) and Somalia (X kg) were the main destinations of battered fish fillet exports from Oman.

From 2012 to 2021, the biggest increases were recorded for Somalia (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Yemen ($X) remains the key foreign market for fish fillets in batter or breadcrumbs exports from Oman, comprising 77% of total exports. The second position in the ranking was taken by Somalia ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Yemen amounted to -25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (0.0% per year) and the United Arab Emirates (-24.0% per year).

Export Prices by Country

In 2021, the average battered fish fillet export price amounted to $X per ton, picking up by 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to the United Arab Emirates ($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 (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.

Battered Fish Fillet Imports

Imports into Oman

In 2021, battered fish fillet imports into Oman plummeted to X tons, shrinking by -63.1% compared with the previous year. Over the period under review, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2020 when imports increased by 756% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, battered fish fillet imports contracted rapidly to $X in 2021. In general, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 827%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Philippines (X tons), Kenya (X tons) and the United Arab Emirates (X tons) were the main suppliers of battered fish fillet imports to Oman, with a combined 67% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +57.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Oman, comprising 44% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Kenya, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Philippines amounted to +55.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-10.7% per year) and Kenya (0.0% per year).

Import Prices by Country

In 2021, the average battered fish fillet import price amounted to $X per ton, declining by -34.3% against the previous year. Overall, the import price saw a perceptible curtailment. The growth pace was the most rapid in 2018 an increase of 73%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Kenya ($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 UK (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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