Price for Meat of Bovine Animals; Fresh or Chilled in Oman - 2022
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Oman (CIF) - 2022
- Price for Meat of Bovine Animals; Fresh or Chilled in Oman (FOB) - 2022
- Imports of Meat of Bovine Animals; Fresh or Chilled in Oman
- Exports of Meat of Bovine Animals; Fresh or Chilled in Oman
Price for Meat of Bovine Animals; Fresh or Chilled in Oman (CIF) - 2022
In December 2022, the average import price for meat of bovine animals; fresh or chilled amounted to $7,724 per ton, picking up by 2.6% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 5.9% month-to-month. The import price peaked at $8,384 per ton in February 2022; however, from March 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Spain ($10,833 per ton), while the price for Pakistan ($5,406 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Qatar (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Fresh or Chilled in Oman (FOB) - 2022
The average export price for meat of bovine animals; fresh or chilled stood at $7,808 per ton in 2022, with a decrease of -27.1% against the previous year. Over the period under review, the export price, however, posted a remarkable increase. The growth pace was the most rapid in 2013 an increase of 64% against the previous year. Over the period under review, the average export prices attained the peak figure at $10,718 per ton in 2021, and then fell sharply in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($7,985 per ton), while the average price for exports to the UK ($5,148 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 Yemen (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Fresh or Chilled in Oman
In 2022, overseas purchases of meat of bovine animals; fresh or chilled were finally on the rise to reach 4.6K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a slight downturn.
In value terms, imports of meat of bovine animals; fresh or chilled totaled $25M in 2022. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Meat of Bovine Animals; Fresh or Chilled in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 5.7 | 4.2 | 5.0 | 9.8 | 19.8% |
| Pakistan | 8.0 | 6.4 | 6.6 | 7.8 | -0.8% |
| India | 1.2 | 1.7 | 1.9 | 2.3 | 24.2% |
| New Zealand | 6.1 | 6.8 | 5.3 | 1.6 | -36.0% |
| Brazil | 0.2 | 0.2 | 0.8 | 0.9 | 65.1% |
| Australia | 0.9 | 1.5 | 0.2 | 0.3 | -30.7% |
| Others | 2.1 | 2.2 | 2.0 | 2.0 | -1.6% |
| Total | 24.3 | 22.9 | 21.7 | 24.6 | 0.4% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Oman in 2022:
- Pakistan (2137.8 tons)
- United Arab Emirates (1482.3 tons)
- India (310.9 tons)
- New Zealand (236.8 tons)
- Brazil (117.2 tons)
- Australia (45.8 tons)
Exports of Meat of Bovine Animals; Fresh or Chilled in Oman
Exports of meat of bovine animals; fresh or chilled from Oman skyrocketed to 70 tons in 2022, with an increase of 918% against 2021 figures. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of meat of bovine animals; fresh or chilled surged to $546K in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Meat of Bovine Animals; Fresh or Chilled in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 57.3 | 12.9 | 58.0 | 331 | 79.4% |
| Free Zones | N/A | N/A | N/A | 200 | 0% |
| United Kingdom | N/A | N/A | N/A | 6.4 | 0% |
| Pakistan | N/A | 29.7 | N/A | N/A | 0% |
| Others | 4.8 | 2.2 | 15.7 | 9.2 | 24.2% |
| Total | 62.2 | 44.8 | 73.7 | 546 | 106.3% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Oman in 2022:
- United Arab Emirates (42.1 tons)
- Free Zones (25.0 tons)
- United Kingdom (1.2 tons)
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