Oman: Freshwater Fish Market 2024

Freshwater Fish Market Size in Oman

The Omani freshwater fish market soared to $X in 2022, jumping by X% against the previous year. Overall, consumption saw buoyant growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Freshwater Fish Production in Oman

In value terms, freshwater fish production dropped slightly to $X in 2022 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2022: its value 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, production decreased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Freshwater Fish Exports

Exports from Oman

In 2022, overseas shipments of freshwater fish decreased by X% to X tons, falling for the second consecutive year after two years of decline. Overall, exports saw a abrupt decline. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, freshwater fish exports surged to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Sri Lanka (X tons) and the Netherlands (X tons) were the main destinations of freshwater fish exports from Oman, with a combined X% share of total exports.

From 2017 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X) remains the key foreign market for freshwater fish exports from Oman, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Sri Lanka was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average freshwater fish export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price continues to indicate a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Freshwater Fish Imports

Imports into Oman

In 2022, approx. X tons of freshwater fish were imported into Oman; jumping by X% on the year before. Overall, imports posted a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, freshwater fish imports stood at $X in 2022. In general, imports showed a significant expansion. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Egypt (X tons), Turkey (X tons) and France (X tons) were the main suppliers of freshwater fish imports to Oman, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest freshwater fish suppliers to Oman were Turkey ($X), Egypt ($X) and France ($X), with a combined X% share of total imports.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 freshwater fish import price amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, showed a strong increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then contracted sharply in the following year.

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 Turkey ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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