Oman: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Oman

The Omani meat-preparation industrial machinery market soared to $X in 2022, jumping by 60% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a significant increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Meat-Preparation Industrial Machinery Exports

Exports from Oman

In 2022, meat-preparation industrial machinery exports from Oman soared to X units, surging by 78% on 2021. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 420%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, meat-preparation industrial machinery exports soared to $X in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 3,377% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for meat-preparation industrial machinery exports from Oman, with a 69% share of total exports. Moreover, meat-preparation industrial machinery exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+14.9% per year) and India (0.0% per year).

In value terms, the largest markets for meat-preparation industrial machinery exported from Oman were the United Arab Emirates ($X), Qatar ($X) and India ($X).

India, with a CAGR of +79.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average meat-preparation industrial machinery export price stood at $X per unit in 2022, falling by -17.5% against the previous year. Over the period under review, the export price, however, posted a remarkable increase. The growth pace was the most rapid in 2017 when the average export price increased by 569%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+404.8%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into Oman

In 2022, approx. X units of industrial machinery for the preparation of meat or poultry were imported into Oman; picking up by 118% against 2021. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 244%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, meat-preparation industrial machinery imports fell to $X in 2022. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 225%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

China (X units), the United Arab Emirates (X units) and Germany (X units) were the main suppliers of meat-preparation industrial machinery imports to Oman, together accounting for 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +75.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of industrial machinery for the preparation of meat or poultry to Oman, comprising 40% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by China, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +59.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+32.3% per year) and China (+12.3% per year).

Import Prices by Country

The average meat-preparation industrial machinery import price stood at $X per unit in 2022, waning by -59.5% against the previous year. Overall, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of 103%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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