Oman: Frozen Fish Market 2024

Frozen Fish Market Size in Oman

The Omani frozen fish market expanded modestly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption recorded buoyant growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Frozen Fish Production in Oman

In value terms, frozen fish production reached $X in 2022 estimated in export price. In general, production recorded a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Frozen fish production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Frozen Fish Exports

Exports from Oman

Frozen fish exports from Oman reached X tons in 2022, approximately equating the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen fish exports shrank to $X in 2022. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then contracted modestly in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for frozen fish exports from Oman, with a X% share of total exports. Moreover, frozen fish exports to the United Arab Emirates exceeded the volume sent to the second major destination, Myanmar (X tons), fourfold. Vietnam (X tons) ranked third in terms of total exports with a X% share.

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

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

From 2012 to 2022, the average annual growth rate 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 Vietnam (X% per year).

Export Prices by Country

In 2022, the average frozen fish export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Myanmar ($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 China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Fish Imports

Imports into Oman

In 2022, approx. X tons of frozen fish were imported into Oman; shrinking by X% compared with the previous year. In general, imports, however, showed a modest expansion. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, frozen fish imports declined remarkably to $X in 2022. Over the period under review, imports, however, showed a tangible expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

Myanmar (X tons), the United Arab Emirates (X tons) and Vietnam (X tons) were the main suppliers of frozen fish imports to Oman, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish suppliers to Oman were the United Arab Emirates ($X), Myanmar ($X) and Vietnam ($X), together accounting for X% of total imports.

Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen fish import price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Indonesia ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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