Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Oman - 2022

Contents:

1. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Oman (CIF) - 2022
2. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Oman (FOB) - 2022
3. Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Oman
4. Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Oman

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Oman (CIF) - 2022

The average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $5,853 per ton in 2022, dropping by -11.7% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds increased by +29.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 37% against the previous year. The import price peaked at $7,134 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($9,858 per ton), while the price for Iran ($935 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Oman (FOB) - 2022

In 2022, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $4,446 per ton, growing by 27% against the previous year. Overall, the export price, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by 82% against the previous year. The export price peaked at $5,827 per ton in 2012; however, from 2013 to 2022, 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 the United States ($9,246 per ton), while the average price for exports to the United Arab Emirates ($1,358 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 Lebanon (+18.2%), while the prices for the other major destinations experienced a decline.

Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Oman

In 2022, supplies from abroad of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds was finally on the rise to reach 142 tons after two years of decline. In general, imports, however, saw a abrupt curtailment.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds expanded modestly to $834K in 2022. Over the period under review, imports, however, saw a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 11% against the previous year. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Oman in 2022:

1. United Arab Emirates (115.5 tons)
2. Vietnam (13.3 tons)
3. Japan (3.5 tons)
4. Philippines (2.9 tons)
5. United Kingdom (2.4 tons)
6. Qatar (1.1 tons)
7. Iran (1.1 tons)
8. China (0.5 tons)
9. India (0.1 tons)

Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Oman

In 2022, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds from Oman skyrocketed to 31 tons, rising by 66% on the year before. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds soared to $138K in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Oman in 2022:

1. United Arab Emirates (13.5 tons)
2. Qatar (11.0 tons)
3. United States (6.5 tons)

Source: IndexBox Market Intelligence Platform