Oman: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Oman

In 2021, after two years of growth, there was significant decline in the Omani preserved cows meat market, when its value decreased by -14.5% to $X. Over the period under review, consumption, however, posted a significant increase. Over the period under review, the market reached the peak level at $X in 2020, and then contracted in the following year.

Preserved Cows Meat Production in Oman

In value terms, preserved cows meat production contracted significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 64% against the previous year. Preserved cows meat production peaked at $X in 2020, and then dropped rapidly in the following year.

Preserved Cows Meat Exports

Exports from Oman

After two years of growth, shipments abroad of prepared or preserved meat or offal of bovine animals decreased by -18.3% to X tons in 2021. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2015 with an increase of 538%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then shrank markedly in the following year.

In value terms, preserved cows meat exports shrank significantly to $X in 2021. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 827%. Over the period under review, the exports hit record highs at $X in 2020, and then reduced dramatically in the following year.

Exports by Country

Qatar (X tons), the United Arab Emirates (X tons) and Yemen (X tons) were the main destinations of preserved cows meat exports from Oman, with a combined 85% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +25.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved cows meat exported from Oman were Spain ($X), Qatar ($X) and the United Arab Emirates ($X), together comprising 91% of total exports.

In terms of the main countries of destination, Qatar, with a CAGR of +31.0%, saw the highest growth rate of 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 preserved cows meat export price amounted to $X per ton, with a decrease of -8.2% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +9.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved cows meat export price increased by +40.1% against 2017 indices. The pace of growth appeared the most rapid in 2015 an increase of 45% against the previous year. The export price peaked at $X per ton in 2020, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Yemen ($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 Somalia (+43.7%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports into Oman

Preserved cows meat imports into Oman skyrocketed to X tons in 2021, with an increase of 24% compared with the previous year's figure. Over the period under review, imports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 101% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, preserved cows meat imports skyrocketed to $X in 2021. In general, imports saw a mild expansion. The pace of growth was the most pronounced in 2020 with an increase of 106% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest preserved cows meat supplier to Oman, with a 74% share of total imports. Moreover, preserved cows meat imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-7.6% per year) and Italy (+56.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of prepared or preserved meat or offal of bovine animals to Oman, comprising 76% of total imports. The second position in the ranking was held by Brazil ($X), with an 11% share of total imports. It was followed by Saudi Arabia, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-6.4% per year) and Saudi Arabia (-19.3% per year).

Import Prices by Country

In 2021, the average preserved cows meat import price amounted to $X per ton, surging by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2015 when the average import price increased by 34% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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