Oman: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Oman

In 2021, the Omani fish meals and pellet market decreased by -0.6% to $X, falling for the third consecutive year after three years of growth. Overall, consumption recorded a pronounced decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish in Oman

In value terms, fish meals and pellet production reached $X in 2021 estimated in export price. Overall, production showed a noticeable reduction. The pace of growth appeared the most rapid in 2018 with an increase of 9.1%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports from Oman

In 2021, shipments abroad of flours, meals and pellets of fish increased by 2.1% to X tons, rising for the third year in a row after three years of decline. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 217% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, fish meals and pellet exports expanded significantly to $X in 2021. Over the period under review, exports recorded mild growth. The growth pace was the most rapid in 2014 when exports increased by 81% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Egypt (X tons) was the main destination for fish meals and pellet exports from Oman, with a 88% share of total exports. Moreover, fish meals and pellet exports to Egypt exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt totaled +27.7%.

In value terms, Egypt ($X) remains the key foreign market for flours, meals and pellets of fish exports from Oman, comprising 88% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Egypt stood at +21.0%.

Export Prices by Country

In 2021, the average fish meals and pellet export price amounted to $X per ton, increasing by 11% against the previous year. Over the period under review, the export price, however, faced a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 28% against the previous year. 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 Egypt ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (-5.2%).

Imports of Flours, Meals And Pellets Of Fish

Imports into Oman

In 2021, fish meals and pellet imports into Oman skyrocketed to X tons, with an increase of 66% compared with 2020. In general, imports, however, recorded a pronounced reduction. The growth pace was the most rapid in 2014 when imports increased by 142%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fish meals and pellet imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2014 when imports increased by 113%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest fish meals and pellet supplier to Oman, with a 56% share of total imports. Moreover, fish meals and pellet imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. The third position in this ranking was held by Thailand (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-7.1% per year) and Thailand (+7.1% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of flours, meals and pellets of fish to Oman, comprising 58% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 20% share of total imports. It was followed by Thailand, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-9.1% per year) and Thailand (+39.5% per year).

Import Prices by Country

The average fish meals and pellet import price stood at $X per ton in 2021, with a decrease of -4.9% against the previous year. Overall, the import price saw a abrupt downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 19%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per ton), while the price for Yemen ($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 (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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