Oman: Preserved Turkey Market 2024

Preserved Turkey Market Size in Oman

The Omani preserved turkey market expanded significantly to $X in 2021, increasing by 6.2% against the previous year. The market value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Preserved Turkey Production in Oman

In value terms, preserved turkey production expanded notably to $X in 2021 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 51% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Preserved Turkey Exports

Exports from Oman

In 2021, approx. X tons of prepared or preserved meat or offal of turkeys were exported from Oman; dropping by -12.3% against the year before. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 345%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved turkey exports expanded notably to $X in 2021. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 243%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for preserved turkey exports from Oman, accounting for a 67% share of total exports. Moreover, preserved turkey exports to Qatar exceeded the volume sent to the second major destination, Yemen (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar stood at -15.1%.

In value terms, the largest markets for preserved turkey exported from Oman were Qatar ($X) and Yemen ($X).

Yemen, with a CAGR of +26.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average preserved turkey export price amounted to $X per ton, with an increase of 22% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 87% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Yemen ($X per ton), while the average price for exports to Qatar totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+25.3%).

Preserved Turkey Imports

Imports into Oman

In 2021, supplies from abroad of prepared or preserved meat or offal of turkeys increased by 57% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2014 with an increase of 436%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved turkey imports surged to $X in 2021. In general, imports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2014 with an increase of 497% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest preserved turkey supplier to Oman, accounting for a 32% share of total imports. Moreover, preserved turkey imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by France (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled -13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+17.5% per year) and France (+22.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of prepared or preserved meat or offal of turkeys to Oman, comprising 30% of total imports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+28.8% per year) and France (+33.4% per year).

Import Prices by Country

The average preserved turkey import price stood at $X per ton in 2021, surging by 2.3% against the previous year. Overall, the import price showed a buoyant increase. The pace of growth was the most pronounced in 2016 an increase of 38%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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