Oman: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Oman

The Omani frozen fish and seafood market contracted dramatically to $X in 2022, falling by X% against the previous year. Overall, consumption saw a abrupt slump. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Frozen Fish And Seafood in Oman

In value terms, frozen fish and seafood production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Frozen Fish And Seafood

Exports from Oman

In 2022, the amount of frozen fish and seafood exported from Oman totaled X tons, with an increase of X% compared with the year before. Overall, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen fish and seafood exports amounted to $X in 2022. Over the period under review, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates (X tons) was the main destination for frozen fish and seafood exports from Oman, with a X% share of total exports. Moreover, frozen fish and seafood exports to the United Arab Emirates exceeded the volume sent to the second major destination, Myanmar (X tons), fivefold. The third position in this ranking was taken by Malaysia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Malaysia (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for frozen fish and seafood exports from Oman, comprising X% of total exports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the average frozen fish and seafood export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, showed a deep reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Imports of Frozen Fish And Seafood

Imports into Oman

In 2022, approx. X tons of frozen fish and seafood were imported into Oman; with a decrease of X% on 2021. Overall, imports, however, continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish and seafood imports reduced to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

The United Arab Emirates (X tons), Myanmar (X tons) and India (X tons) were the main suppliers of frozen fish and seafood imports to Oman, with a combined X% 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 Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of frozen fish and seafood to Oman, comprising X% of total imports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average frozen fish and seafood import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish and seafood import price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, 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 United Arab Emirates ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :