Oman: Frozen Turkey Cut Market 2024

Frozen Turkey Cut Market Size in Oman

The Omani frozen turkey cut market declined to $X in 2022, falling by -6.3% against the previous year. Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.4% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Frozen Turkey Cut Production in Oman

In value terms, frozen turkey cut production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 50% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Frozen Turkey Cut Exports

Exports from Oman

In 2022, overseas shipments of frozen cuts of turkey increased by 45% to X tons, rising for the third consecutive year after four years of decline. In general, exports, however, showed a significant contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 439% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, frozen turkey cut exports expanded slightly to $X in 2022. Over the period under review, exports, however, saw a sharp setback. The most prominent rate of growth was recorded in 2015 with an increase of 500% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X tons), Kuwait (X tons) and Yemen (X kg) were the main destinations of frozen turkey cut exports from Oman, with a combined 96% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Yemen (with a CAGR of -20.5%), while the other leaders experienced a decline.

In value terms, the largest markets for frozen turkey cut exported from Oman were Qatar ($X), Kuwait ($X) and the United Arab Emirates ($X), with a combined 88% share of total exports. Yemen and Bahrain lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, Yemen, with a CAGR of -20.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average frozen turkey cut export price amounted to $X per ton, dropping by -28.8% against the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2017 an increase of 19% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average 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 the United Arab Emirates ($X per ton), while the average price for exports to Qatar ($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 Yemen (-0.3%), while the prices for the other major destinations experienced a decline.

Frozen Turkey Cut Imports

Imports into Oman

In 2022, frozen turkey cut imports into Oman dropped dramatically to X tons, waning by -33.4% on the previous year's figure. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 361%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, frozen turkey cut imports fell to $X in 2022. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when imports increased by 171% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), the Netherlands (X tons) and the United Arab Emirates (X tons) were the main suppliers of frozen turkey cut imports to Oman, together comprising 80% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +16.5%), while imports for the other leaders experienced a decline.

In value terms, Saudi Arabia ($X), the Netherlands ($X) and the United Arab Emirates ($X) appeared to be the largest frozen turkey cut suppliers to Oman, with a combined 79% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +24.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average frozen turkey cut import price amounted to $X per ton, picking up by 31% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen turkey cut import price increased by +38.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 35% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jordan ($X per ton), while the price for Brazil ($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 (+55.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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