Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Oman - 2022
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Oman (CIF) - 2022
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Oman
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Oman (CIF) - 2022
The average import price for poultry fat; other than that of heading 0209 or 1503 meat stood at $2,006 per ton in 2022, increasing by 5.8% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 poultry fat; other than that of heading 0209 or 1503 meat decreased by -20.4% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the maximum at $2,519 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, 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 +4.4% per year.
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Oman
In 2022, after three years of growth, there was significant decline in overseas purchases of poultry fat; other than that of heading 0209 or 1503 meat, when their volume decreased by -39.4% to 6.9 tons. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 371%. As a result, imports reached the peak of 11 tons, and then fell remarkably in the following year.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat contracted dramatically to $14K in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 255%. As a result, imports reached the peak of $22K, and then contracted remarkably in the following year.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3.2 | 6.1 | 20.9 | 13.8 | 62.8% |
| Others | N/A | N/A | 0.6 | N/A | 0% |
| Total | 3.2 | 6.1 | 21.6 | 13.8 | 62.8% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Oman in 2022:
- United Arab Emirates (6.9 tons)
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