Oman: Frozen Poultry Liver Market 2024

Frozen Poultry Liver Market Size in Oman

In 2022, the Omani frozen poultry liver market increased by 1.2% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +20.7% against 2020 indices. Frozen poultry liver consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Frozen Poultry Liver Exports

Exports from Oman

In 2022, overseas shipments of frozen poultry livers and offal decreased by -49.3% to X tons, falling for the second year in a row after three years of growth. In general, exports recorded a deep reduction. The growth pace was the most rapid in 2015 with an increase of 192%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen poultry liver exports fell dramatically to $X in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 when exports increased by 243%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X tons), Yemen (X tons) and the United Arab Emirates (X tons) were the main destinations of frozen poultry liver exports from Oman, with a combined 96% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Yemen (with a CAGR of +98.7%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) emerged as the key foreign market for frozen poultry livers and offal exports from Oman, comprising 67% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total exports. It was followed by Yemen, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to Qatar amounted to +25.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-24.5% per year) and Yemen (+122.0% per year).

Export Prices by Country

In 2022, the average frozen poultry liver export price amounted to $X per ton, surging by 22% against the previous year. Over the period under review, the export price, however, showed a slight decrease. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to Yemen ($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 Somalia (+34.6%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Poultry Liver Imports

Imports into Oman

In 2022, the amount of frozen poultry livers and offal imported into Oman dropped significantly to X tons, with a decrease of -15% on the previous year. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -35.5% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 81% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen poultry liver imports expanded modestly to $X in 2022. Overall, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.2% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 96%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), the United States (X tons) and the United Arab Emirates (X tons) were the main suppliers of frozen poultry liver imports to Oman, together accounting for 87% of total imports. Thailand, Morocco and Turkey lagged somewhat behind, together accounting for a further 9.4%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +25.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of frozen poultry livers and offal to Oman, comprising 55% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+6.7% per year) and the United States (-5.1% per year).

Import Prices by Country

In 2022, the average frozen poultry liver import price amounted to $X per ton, picking up by 22% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 24% against the previous year. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Thailand ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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