Oman: Processed Meat Market 2024

Processed Meat Market Size in Oman

The Omani processed meat market dropped to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, continues to indicate a buoyant expansion. Processed meat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Processed Meat Production in Oman

In value terms, processed meat production shrank slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Processed Meat Exports

Exports from Oman

After three years of decline, overseas shipments of processed meat increased by X% to X tons in 2022. Overall, exports posted a noticeable expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, processed meat exports expanded notably to $X in 2022. Over the period under review, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for processed meat exports from Oman, with a X% share of total exports. Moreover, processed meat exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold. Somalia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Somalia (X% per year).

In value terms, Qatar ($X) emerged as the key foreign market for processed meat exports from Oman, comprising X% of total exports. The second position in the ranking was held by Somalia ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average processed meat export price amounted to $X per ton, growing by X% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, processed meat export price decreased by X% against 2017 indices. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to Palestine ($X per ton) was amongst the lowest.

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

Processed Meat Imports

Imports into Oman

In 2022, approx. X tons of processed meat were imported into Oman; waning by X% on the previous year's figure. Overall, imports, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, processed meat imports shrank to $X in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest processed meat supplier to Oman, with a X% share of total imports. Moreover, processed meat imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sevenfold. Brazil (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Brazil (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average processed meat import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform