Oman: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Oman

The Omani frozen whole fish market rose to $X in 2021, picking up by 3.4% against the previous year. Over the period under review, consumption recorded a resilient increase. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Frozen Whole Fish Production in Oman

In value terms, frozen whole fish production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 96% against the previous year. Frozen whole fish production peaked at $X in 2020, and then shrank in the following year.

Frozen Whole Fish Exports

Exports from Oman

In 2021, approx. X tons of frozen whole fish were exported from Oman; standing approx. at the year before. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 527% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then fell slightly in the following year.

In value terms, frozen whole fish exports expanded rapidly to $X in 2021. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 648%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Bangladesh (X tons), Cameroon (X tons) and Brazil (X tons) were the main destinations of frozen whole fish exports from Oman, with a combined 44% share of total exports. These countries were followed by India, Thailand, Egypt, Cote d'Ivoire, Benin, Togo, Bahrain, Malaysia, Liberia and Vietnam, which together accounted for a further 45%.

From 2012 to 2021, the biggest increases were recorded for Togo (with a CAGR of +411.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen whole fish exported from Oman were Cameroon ($X), Thailand ($X) and Bangladesh ($X), together accounting for 40% of total exports. Brazil, India, Cote d'Ivoire, Benin, Malaysia, Egypt, Togo, Vietnam, Bahrain and Liberia lagged somewhat behind, together accounting for a further 43%.

In terms of the main countries of destination, Togo, with a CAGR of +521.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average frozen whole fish export price amounted to $X per ton, rising by 7.7% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 30%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Bangladesh ($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 Togo (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Whole Fish Imports

Imports into Oman

In 2021, purchases abroad of frozen whole fish was finally on the rise to reach X tons after three years of decline. Overall, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, frozen whole fish imports soared to $X in 2021. In general, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 93%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Yemen (X tons), Myanmar (X tons) and the United Arab Emirates (X tons) were the main suppliers of frozen whole fish imports to Oman, with a combined 79% share of total imports. These countries were followed by Thailand, India, Djibouti, Pakistan, Indonesia and Somalia, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Djibouti (with a CAGR of +69.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen whole fish suppliers to Oman were Yemen ($X), the United Arab Emirates ($X) and Myanmar ($X), together comprising 82% of total imports.

Myanmar, with a CAGR of +67.0%, recorded 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

The average frozen whole fish import price stood at $X per ton in 2021, waning by -11.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2018 an increase of 28% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 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 Indonesia ($X per ton), while the price for Somalia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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