Oman: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Oman

The Omani fresh fish fillet market expanded remarkably to $X in 2021, with an increase of 10% against the previous year. Overall, consumption posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Fresh Fish Fillet Production in Oman

In value terms, fresh fish fillet production skyrocketed to $X in 2021 estimated in export price. In general, production posted a strong increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 97% against the previous year. Fresh fish fillet production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Fresh Fish Fillet Exports

Exports from Oman

For the fourth year in a row, Oman recorded decline in overseas shipments of fresh or chilled fish fillets, which decreased by -19.5% to X tons in 2021. Overall, exports recorded a precipitous decline. The pace of growth was the most pronounced in 2017 with an increase of 507% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, fresh fish fillet exports rose markedly to $X in 2021. Over the period under review, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2015 with an increase of 311%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons), Switzerland (X tons) and Germany (X tons) were the main destinations of fresh fish fillet exports from Oman, with a combined 57% share of total exports. These countries were followed by France, the United States and the United Arab Emirates, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +36.7%), while the other leaders experienced a decline.

In value terms, the largest markets for fresh fish fillet exported from Oman were Switzerland ($X), Germany ($X) and the UK ($X), with a combined 51% share of total exports. These countries were followed by the United States, France and the United Arab Emirates, which together accounted for a further 20%.

The United States, with a CAGR of +9.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average fresh fish fillet export price amounted to $X per ton, growing by 36% against the previous year. In general, the export price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 96% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average 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 the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 France (+5.0%), while the prices for the other major destinations experienced a decline.

Fresh Fish Fillet Imports

Imports into Oman

In 2021, after three years of growth, there was significant decline in supplies from abroad of fresh or chilled fish fillets, when their volume decreased by -24.6% to X tons. Over the period under review, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2013 with an increase of 196%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fresh fish fillet imports declined remarkably to $X in 2021. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 130% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest fresh fish fillet supplier to Oman, with a 84% share of total imports. Moreover, fresh fish fillet imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +42.2%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of fresh or chilled fish fillets to Oman, comprising 55% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +48.6%.

Import Prices by Country

In 2021, the average fresh fish fillet import price amounted to $X per ton, declining by -2.6% against the previous year. Over the period under review, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uganda (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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