Oman: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Oman

For the third consecutive year, the Omani lamb and sheep meat market recorded decline in sales value, which decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Lamb and Sheep Meat in Oman

In value terms, lamb and sheep meat production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, showed resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Lamb and sheep meat production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

In 2022, the average lamb and sheep meat yield in Oman totaled X kg per head, approximately reflecting the previous year. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with a decrease of X%. The lamb and sheep meat yield peaked at X kg per head in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure.

In 2022, the number of animals slaughtered for lamb and sheep meat production in Oman dropped to X heads, approximately reflecting 2021 figures. This number increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the number of producing animals increased by X%. The number of animals slaughtered for lamb and sheep meat production peaked at X heads in 2021, and then dropped modestly in the following year.

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Exports of Lamb and Sheep Meat

Exports from Oman

For the third consecutive year, Oman recorded growth in shipments abroad of lamb and sheep meat, which increased by X% to X tons in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, lamb and sheep meat exports surged to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Qatar (X tons) was the main destination for lamb and sheep meat exports from Oman, with a X% share of total exports. Moreover, lamb and sheep meat exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. The third position in this ranking was taken by Argentina (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Argentina (X% per year).

In value terms, Qatar ($X), the United Arab Emirates ($X) and Bahrain ($X) constituted the largest markets for lamb and sheep meat exported from Oman worldwide, together accounting for X% of total exports.

The United Arab Emirates, 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 lamb and sheep meat export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Lamb and Sheep Meat

Imports into Oman

Lamb and sheep meat imports into Oman contracted to X tons in 2022, dropping by X% on the previous year. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, lamb and sheep meat imports soared to $X in 2022. Overall, total imports indicated resilient growth 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. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons), Australia (X tons) and Spain (X tons) were the main suppliers of lamb and sheep meat imports to Oman, with a combined X% share of total imports. Italy, Tanzania, Turkey, Qatar, Uruguay, India, Pakistan, Kenya, Somalia and New Zealand lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest lamb and sheep meat suppliers to Oman were the United Arab Emirates ($X), Australia ($X) and Spain ($X), together accounting for X% of total imports. Italy, Qatar, Turkey, Tanzania, India, Uruguay, Pakistan, Kenya, Somalia and New Zealand lagged somewhat behind, together accounting for a further X%.

Qatar, with a CAGR of X%, recorded 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 lamb and sheep meat import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, import price indicated a moderate expansion 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, lamb and sheep meat import price increased by X% against 2016 indices. As a result, import price reached 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 New Zealand ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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