Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Oman - 2022
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Oman (FOB) - 2022
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Oman (CIF) - 2022
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Oman
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Oman
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Oman (FOB) - 2022
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $1,477 per ton in 2022, surging by 4.3% against the previous year. Over the last seven-year period, it increased at an average annual rate of +6.6%. The growth pace was the most rapid in 2016 an increase of 36% against the previous year. Over the period under review, the average export prices hit record highs at $1,663 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($1,763 per ton), while the average price for exports to the United Arab Emirates ($568 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Oman (CIF) - 2022
In 2022, the average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $854 per ton, growing by 4.6% against the previous year. Overall, the import price recorded resilient growth. The pace of growth was the most pronounced in 2013 an increase of 280%. Over the period under review, average import prices attained the peak figure at $929 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($1,425 per ton), while the price for Yemen ($644 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+15.7%).
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Oman
In 2022, after three years of growth, there was significant decline in shipments abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s, when their volume decreased by -8.6% to 23K tons. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 215%.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s fell modestly to $34M in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 299%.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 2.6 | 8.0 | 7.1 | 10.1 | 57.2% |
| Chile | 1.0 | 6.3 | 5.8 | 9.7 | 113.3% |
| Saudi Arabia | 0.5 | 1.5 | 4.5 | 3.5 | 91.3% |
| Turkey | 0.3 | 2.5 | 8.8 | 3.3 | 122.4% |
| Ecuador | N/A | N/A | 0.2 | 1.5 | 650.0% |
| Australia | N/A | 4.6 | 1.8 | 1.1 | -51.1% |
| South Korea | N/A | N/A | 0.9 | 0.8 | -11.1% |
| Spain | N/A | 0.9 | 0.3 | 0.7 | -11.8% |
| China | N/A | 0.9 | 0.7 | 0.4 | -33.3% |
| India | N/A | 0.6 | 1.8 | 0.2 | -42.3% |
| Vietnam | 1.7 | 1.2 | 0.9 | N/A | -27.2% |
| United States | 0.6 | 1.2 | N/A | N/A | 100.0% |
| Others | 1.3 | 4.7 | 2.4 | 2.0 | 15.4% |
| Total | 8.1 | 32.5 | 35.2 | 33.6 | 60.7% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Oman in 2022:
- Chile (7.1K tons)
- Belgium (5.7K tons)
- Saudi Arabia (2.8K tons)
- Turkey (2.3K tons)
- Ecuador (1.2K tons)
- Australia (0.9K tons)
- Spain (0.6K tons)
- South Korea (0.6K tons)
- China (0.5K tons)
- India (0.2K tons)
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Oman
For the fourth consecutive year, Oman recorded growth in purchases abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s, which increased by 391% to 5.3K tons in 2022. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,035%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s surged to $4.5M in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 940%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Yemen | N/A | 0.1 | 0.6 | 2.5 | 400.0% |
| Sri Lanka | N/A | N/A | N/A | 1.7 | 0% |
| India | N/A | N/A | N/A | 0.2 | 0% |
| Others | N/A | 0.1 | 0.3 | N/A | 200.0% |
| Total | N/A | 0.2 | 0.9 | 4.5 | 374.3% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Oman in 2022:
- Yemen (3.9K tons)
- Sri Lanka (1.2K tons)
- India (0.2K tons)
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This report provides an in-depth analysis of the market for fish fat and oil in Oman.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Oman.
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This report provides an in-depth analysis of the global market for fish fat and oil.
622
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
