Oman: Pig Fat Market 2020

Pig Fat Market Size in Oman

The revenue of the pig fat market in Oman amounted to $X in 2018, going up by X% against the previous year. Overall, the total market indicated resilient growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pig fat consumption increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2008 when the market value increased by X% year-to-year. Over the period under review, the pig fat market reached its maximum level at $X in 2012; however, from 2013 to 2018, consumption remained at a lower figure.

Pig Fat Production in Oman

In value terms, pig fat production totaled $X in 2018 estimated in export prices. Overall, pig fat production continues to indicate a relatively flat trend pattern. Oman pig fat production peaked at $X in 2017, and then declined slightly in the following year.

Pig Fat Exports

Exports by Country

Germany (X tons) and the U.S. (X tons) were the key exporters of pig fat in 2018, amounting to near X% and X% of total exports, respectively. Spain (X tons) ranks next in terms of the total exports with a X% share, followed by Poland (X%), Canada (X%), the Netherlands (X%), Belgium (X%) and Italy (X%). The following exporters - Chile (X tons), Denmark (X tons), France (X tons) and Austria (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Poland, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest pig fat markets from Oman were the U.S. ($X), Germany ($X) and Canada ($X), together accounting for X% of total exports. These countries were followed by Spain, the Netherlands, Italy, Poland, Chile, Belgium, France, Denmark and Austria, which together accounted for a further X the main exporting countries, Chile experienced the highest growth rate of market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the pig fat export price in Oman amounted to $X per ton, coming down by -X% against the previous year. Overall, the pig fat export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for pig fat attained their maximum at $X per ton in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Chile ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Chile, while the other leaders experienced more modest paces of growth.

Pig Fat Imports

Imports into Oman

Pig fat imports into Oman totaled X kg in 2018, declining by -X% against the previous year. Overall, pig fat imports continue to indicate a drastic curtailment. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, pig fat imports reached their maximum at X tons in 2017, and then declined slightly in the following year.

In value terms, pig fat imports totaled $X in 2018. Overall, pig fat imports continue to indicate a drastic shrinkage. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. In that year, pig fat imports attained their peak of $X, and then declined slightly in the following year.

Imports by Country

Russia was the largest importer of pig fat imported in the world, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2018. Mexico (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by the Netherlands (X%), the Philippines (X%) and Ukraine (X%). Japan (X tons), Germany (X tons), France (X tons), the Czech Republic (X tons), Belgium (X tons), Italy (X tons) and South Korea (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern of pig fat imports. At the same time, South Korea (+X%), Italy (+X%), the Philippines (+X%), Japan (+X%), the Czech Republic (+X%), Mexico (+X%), Ukraine (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2018. The Netherlands experienced a relatively flat trend pattern. By contrast, Germany (-X%) and France (-X%) illustrated a downward trend over the same period. Mexico (+X p.p.), the Philippines (+X p.p.), Ukraine (+X p.p.), Russia (+X p.p.), Japan (+X p.p.), South Korea (+X p.p.) and Italy (+X p.p.) significantly strengthened its position in terms of the global imports, while France saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported pig fat into Oman, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by the Philippines, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Russia stood at +X%. In the other countries, the average annual rates were as follows: Japan (+X% per year) and the Philippines (+X% per year).

Import Prices by Country

In 2018, the pig fat import price in Oman amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the pig fat import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the import prices for pig fat attained their peak figure at $X per ton in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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