Price for Meat of Bovine Animals; Frozen in Oman - 2021

Price for Meat of Bovine Animals; Frozen in Oman (CIF) - 2022

The average import price for meat of bovine animals; frozen stood at $3,109 per ton in 2022, waning by -2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2014 an increase of 13%. Over the period under review, average import prices hit record highs at $3,316 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($4,290 per ton), while the price for India ($2,952 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Meat of Bovine Animals; Frozen in Oman (FOB) - 2022

The average export price for meat of bovine animals; frozen stood at $1,393 per ton in 2022, with a decrease of -14.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 166% against the previous year. As a result, the export price reached the peak level of $2,821 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to -0.0% per year.

Imports of Meat of Bovine Animals; Frozen in Oman

In 2022, meat of bovine animals; frozen imports into Oman declined to 15K tons, which is down by -8.3% compared with the previous year. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of 16K tons, and then reduced in the following year.

In value terms, meat of bovine animals; frozen imports reduced to $45M in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 25%. As a result, imports reached the peak of $50M, and then declined in the following year.

Import of Meat of Bovine Animals; Frozen in Oman (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	31.8	34.4	44.4	38.6	6.7%
United Arab Emirates	4.1	1.7	1.7	2.0	-21.3%
Brazil	3.5	1.7	0.4	1.5	-24.6%
Others	5.0	2.4	3.7	3.2	-13.8%
Total	44.4	40.1	50.3	45.2	0.6%

Top Suppliers of Meat of Bovine Animals; Frozen to Oman in 2022:

India (13.1K tons)
United Arab Emirates (0.5K tons)
Brazil (0.4K tons)

Exports of Meat of Bovine Animals; Frozen in Oman

In 2022, after three years of growth, there was significant decline in shipments abroad of meat of bovine animals; frozen, when their volume decreased by -6.5% to 164 tons. The total export volume increased at an average annual rate of +12.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year.

In value terms, meat of bovine animals; frozen exports shrank markedly to $228K in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. As a result, the exports attained the peak of $285K, and then shrank rapidly in the following year.