Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman - 2022
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman (CIF) - 2022
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman (FOB) - 2022
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman (CIF) - 2022
In 2022, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $5,192 per ton, rising by 10% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by +85.9% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 45% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,192 per ton), while the price for Pakistan ($1,464 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.4%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman (FOB) - 2022
In 2022, the average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $5,290 per ton, with a decrease of -6.5% against the previous year. Overall, the export price, however, showed strong growth. The pace of growth appeared the most rapid in 2021 an increase of 177% against the previous year. As a result, the export price attained the peak level of $5,657 per ton, and then contracted in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($5,290 per ton), while the average price for exports to Free Zones ($5,289 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 Qatar (+44.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman
In 2022, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Oman expanded sharply to 187 tons, growing by 8.1% against the previous year's figure. In general, imports, however, saw a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $973K in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 145 | 36.9 | 25.0 | 471 | 48.1% |
| United States | 4.9 | 10.4 | 66.3 | 268 | 279.6% |
| Pakistan | 31.8 | 42.7 | 61.1 | 123 | 57.0% |
| Qatar | N/A | 9.8 | N/A | 71.4 | 169.9% |
| Netherlands | 286 | 330 | 519 | 6.0 | -72.4% |
| India | 82.2 | 26.7 | 35.6 | 3.9 | -63.8% |
| China | 9.7 | 8.6 | 10.4 | N/A | 3.5% |
| Australia | 32.7 | 18.4 | 8.3 | N/A | -49.6% |
| Tanzania | 13.0 | 18.0 | 28.3 | N/A | 47.5% |
| Others | 24.3 | 22.2 | 64.2 | 29.9 | 7.2% |
| Total | 630 | 524 | 818 | 973 | 15.6% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Oman in 2022:
- United Arab Emirates (300.0 tons)
- Pakistan (84.0 tons)
- United States (51.7 tons)
- Qatar (13.8 tons)
- India (1.9 tons)
- Netherlands (1.1 tons)
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman
In 2022, after two years of decline, there was significant growth in shipments abroad of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume increased by 853% to 33 tons. Over the period under review, exports showed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $176K in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | N/A | N/A | N/A | 158 | 0% |
| Iran | 33.4 | 17.0 | 5.5 | 12.9 | -27.2% |
| Free Zones | N/A | N/A | N/A | 4.4 | 0% |
| India | 23.3 | 12.2 | 7.8 | N/A | -42.1% |
| Others | N/A | N/A | 6.4 | 0.1 | -98.4% |
| Total | 56.8 | 29.2 | 19.7 | 176 | 45.8% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Oman in 2022:
- Kuwait (29.9 tons)
- Iran (2.4 tons)
- Free Zones (0.8 tons)
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