Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Oman - 2022

Contents:

1. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Oman (CIF) - 2022
2. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Oman (FOB) - 2022
3. Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Oman
4. Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Oman

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Oman (CIF) - 2022

The average import price for frozen carcasses and half-carcasses of bovine meat stood at $4,724 per ton in 2022, increasing by 73% against the previous year. In general, the import price showed a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Somalia ($4,760 per ton), while the price for the United Arab Emirates totaled $4,758 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+50.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Oman (FOB) - 2022

In 2022, the average export price for frozen carcasses and half-carcasses of bovine meat amounted to $4,741 per ton, increasing by 35% against the previous year. Over the period under review, the export price posted resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 55% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($4,743 per ton), while the average price for exports to Free Zones amounted to $4,740 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Oman

In 2022, approx. 25 tons of frozen carcasses and half-carcasses of bovine meat were imported into Oman; which is down by -77.1% against the previous year's figure. In general, imports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2021 when imports increased by 155%.

In value terms, imports of frozen carcasses and half-carcasses of bovine meat reduced notably to $118K in 2022. Over the period under review, imports faced a sharp setback. The pace of growth was the most pronounced in 2021 when imports increased by 86% against the previous year.

Top Suppliers of Frozen Carcasses and Half-Carcasses of Bovine Meat to Oman in 2022:

1. Somalia (23.2 tons)
2. United Arab Emirates (1.4 tons)

Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Oman

In 2022, after three years of growth, there was significant decline in shipments abroad of frozen carcasses and half-carcasses of bovine meat, when their volume decreased by -60.5% to 700 kg. In general, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2020 when exports increased by 2.9% against the previous year.

In value terms, exports of frozen carcasses and half-carcasses of bovine meat contracted significantly to $3.3K in 2022. Overall, exports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 57% against the previous year. As a result, the exports reached the peak of $6.2K, and then reduced dramatically in the following year.

Top Export Markets for Frozen Carcasses and Half-Carcasses of Bovine Meat from Oman in 2022:

1. Australia (373.0 kg)
2. Free Zones (327.0 kg)

Source: IndexBox Market Intelligence Platform