Oman: Sausage Market 2024

Sausage Market Size in Oman

The Omani sausage market surged to $X in 2021, with an increase of 87% 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). Overall, consumption enjoyed slight growth. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the immediate term.

Sausage Exports

Exports from Oman

In 2021, sausage exports from Oman fell dramatically to X tons, with a decrease of -26.3% compared with 2020 figures. Overall, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 423% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, sausage exports contracted markedly to $X in 2021. In general, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 757% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for sausage exports from Oman, accounting for a 68% share of total exports. Moreover, sausage exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. Yemen (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to Qatar stood at +38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+9.0% per year) and Yemen (+53.2% per year).

In value terms, Qatar ($X) remains the key foreign market for sausages and similar products of meat exports from Oman, comprising 64% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 19% share of total exports. It was followed by Somalia, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Qatar amounted to +46.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+20.4% per year) and Somalia (+61.5% per year).

Export Prices by Country

In 2021, the average sausage export price amounted to $X per ton, shrinking by -6% against the previous year. Over the period under review, the export price, however, recorded a moderate expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Yemen ($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 Saudi Arabia (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sausage Imports

Imports into Oman

Sausage imports into Oman skyrocketed to X tons in 2021, jumping by 73% against the previous year's figure. Over the period under review, imports posted a modest expansion. The most prominent rate of growth was recorded in 2019 with an increase of 93%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, sausage imports surged to $X in 2021. In general, imports posted a modest expansion. The most prominent rate of growth was recorded in 2019 with an increase of 104% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of sausage to Oman, with a 58% share of total imports. Moreover, sausage imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-12.3% per year) and Saudi Arabia (+20.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of sausages and similar products of meat to Oman, comprising 64% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 13% share of total imports. It was followed by Brazil, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+6.3% per year) and Brazil (-16.3% per year).

Import Prices by Country

The average sausage import price stood at $X per ton in 2021, surging by 4.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 13%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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