Oman: Market for Meat Preparations of Poultry 2024

Market Size for Meat Preparations of Poultry in Oman

In 2023, the Omani meat preparations of poultry market decreased by X% to $X for the first time since 2017, thus ending a five-year rising trend. In general, consumption, however, saw a strong increase. Meat preparations of poultry consumption peaked at $X in 2022, and then shrank modestly in the following year.

Exports of Meat Preparations of Poultry

Exports from Oman

In 2023, the amount of meat preparations of poultry exported from Oman reduced to X tons, which is down by X% against 2022. Overall, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, meat preparations of poultry exports fell significantly to $X in 2023. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2023, the average annual growth rate 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 ($X) remains the key foreign market for meat preparations of poultry exports from Oman, comprising X% of total exports. The second position in the ranking was held by Somalia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Qatar stood at 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

The average meat preparations of poultry export price stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, meat preparations of poultry export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2023, 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 Somalia ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Meat Preparations of Poultry

Imports into Oman

In 2023, after two years of growth, there was decline in purchases abroad of meat preparations of poultry, when their volume decreased by X% to X tons. Overall, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2022, and then shrank in the following year.

In value terms, meat preparations of poultry imports reduced slightly to $X in 2023. Over the period under review, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then shrank modestly in the following year.

Imports by Country

In 2023, the United Arab Emirates (X tons) constituted the largest supplier of meat preparations of poultry to Oman, accounting for a X% share of total imports. Moreover, meat preparations of poultry imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), more than tenfold. Brazil (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the United Arab Emirates amounted to 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 ($X) constituted the largest supplier of meat preparations of poultry to Oman, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2023, the average annual growth rate of value 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).

Import Prices by Country

In 2023, the average meat preparations of poultry import price amounted to $X per ton, approximately mirroring the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton), while the price for Brazil ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform