Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Oman - 2022

Contents:

  1. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Oman (CIF) - 2022
  2. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Oman (FOB) - 2022
  3. Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Oman
  4. Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Oman

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Oman (CIF) - 2022

In 2022, the average import price for offal, edible; of bovine animals, fresh or chilleds amounted to $4,207 per ton, which is down by -2.6% against the previous year. In general, the import price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 43%. The import price peaked at $4,318 per ton in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($9,032 per ton), while the price for Pakistan ($2,572 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Oman (FOB) - 2022

In 2022, the average export price for offal, edible; of bovine animals, fresh or chilleds amounted to $5,770 per ton, falling by -44.5% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for offal, edible; of bovine animals, fresh or chilleds decreased by +0.1% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of 80%. As a result, the export price reached the peak level of $10,392 per ton, and then plummeted in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +1.2% per year.

Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Oman

In 2022, supplies from abroad of offal, edible; of bovine animals, fresh or chilleds decreased by -18.6% to 31 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 137%.

In value terms, imports of offal, edible; of bovine animals, fresh or chilleds dropped notably to $132K in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 239% against the previous year.

Import of Offal, Edible; of Bovine Animals, Fresh or Chilled in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India12.031.144.144.654.9%
Pakistan6.813.747.526.056.4%
Australia3.612.423.721.681.7%
New Zealand2.17.515.114.590.4%
United Arab Emirates2.96.111.712.663.2%
United States0.93.05.54.874.7%
LuxembourgN/A18.96.1N/A-67.7%
Others0.44.812.67.8169.2%
Total28.897.516613266.1%

Top Suppliers of Offal, Edible; of Bovine Animals, Fresh or Chilled to Oman in 2022:

  1. Pakistan (10.1 tons)
  2. India (8.8 tons)
  3. Australia (4.7 tons)
  4. United Arab Emirates (3.6 tons)
  5. New Zealand (1.6 tons)
  6. United States (1.4 tons)

Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Oman

In 2022, shipments abroad of offal, edible; of bovine animals, fresh or chilleds increased by 106% to 764 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a abrupt slump.

In value terms, exports of offal, edible; of bovine animals, fresh or chilleds expanded notably to $4.4K in 2022. In general, exports, however, showed a abrupt decrease.

Export of Offal, Edible; of Bovine Animals, Fresh or Chilled in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates5.75.0N/A4.4-8.3%
South KoreaN/AN/A2.5N/A0%
KuwaitN/AN/A1.0N/A0%
United StatesN/AN/A0.2N/A0%
OthersN/AN/A0.1N/A0%
Total5.75.03.84.4-8.3%

Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from Oman in 2022:

  1. United Arab Emirates (764.0 kg)

Source: IndexBox Market Intelligence Platform

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