Oman: Animal Feed Market 2024

Animal Feed Market Size in Oman

The Omani animal feed market contracted to $X in 2022, falling by X% against the previous year. Overall, consumption, however, enjoyed a remarkable increase. Animal feed consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Animal Feed Production in Oman

In value terms, animal feed production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Animal feed production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Animal Feed Exports

Exports from Oman

Animal feed exports from Oman reached X tons in 2022, leveling off at 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, animal feed exports contracted slightly to $X in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Yemen (X tons), Turkey (X tons) and Somalia (X tons) were the main destinations of animal feed exports from Oman, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Vietnam ($X) and Yemen ($X) constituted the largest markets for animal feed exported from Oman worldwide, together accounting for X% of total exports.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average animal feed export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price recorded a mild setback. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Yemen ($X 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 Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into Oman

In 2022, overseas purchases of animal and pet feed decreased by X% to X tons, falling for the second year in a row after nine years of growth. Overall, imports, however, showed a strong expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, animal feed imports expanded remarkably to $X in 2022. In general, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest animal feed supplier to Oman, accounting for a X% share of total imports. Moreover, animal feed imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X tons), ninefold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Malaysia (X% per year).

In value terms, the largest animal feed suppliers to Oman were the United Arab Emirates ($X), Turkey ($X) and Malaysia ($X), together comprising X% of total imports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average animal feed import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, animal feed import price increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 India ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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