Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman - 2022

Contents:

1. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman (CIF) - 2022
2. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman (FOB) - 2022
3. Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman
4. Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman (CIF) - 2022

In 2022, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $6,329 per ton, dropping by -20.6% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.1% 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 fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by +7.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 36% against the previous year. As a result, import price reached the peak level of $7,967 per ton, and then declined notably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($6,329 per ton) and the United Arab Emirates ($6,329 per ton), while the price for Saudi Arabia ($6,328 per ton) and New Zealand ($6,329 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman (FOB) - 2022

In 2022, the average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $6,004 per ton, surging by 2.7% against the previous year. Overall, the export price enjoyed a measured increase. The growth pace was the most rapid in 2019 when the average export price increased by 54%. Over the period under review, the average export prices reached the peak figure at $6,646 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($6,006 per ton), while the average price for exports to Iran amounted to $5,991 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+3.9%).

Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman

In 2022, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Oman stood at 239 tons, with an increase of 4.1% against 2021 figures. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.2% 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 decreased by -23.5% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 66%. As a result, imports reached the peak of 313 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat fell sharply to $1.5M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 25% against the previous year. As a result, imports reached the peak of $1.8M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Oman in 2022:

1. United Arab Emirates (126.4 tons)
2. Qatar (39.9 tons)
3. New Zealand (35.4 tons)
4. Turkey (8.7 tons)
5. United States (7.4 tons)
6. Egypt (7.3 tons)
7. Saudi Arabia (6.5 tons)
8. Australia (4.9 tons)
9. South Africa (3.0 tons)

Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Oman

In 2022, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from Oman soared to 2.3 tons, increasing by 520% compared with the previous year. Overall, exports enjoyed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $14K in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Oman in 2022:

1. Free Zones (2.1 tons)
2. Iran (0.2 tons)

Source: IndexBox Market Intelligence Platform