Oman: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Oman

The Omani preparations for animal feeding market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption recorded a buoyant increase. Preparations for animal feeding consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Preparations Used In Animal Feeding in Oman

In value terms, preparations for animal feeding production stood at $X in 2022 estimated in export price. Over the period under review, production posted tangible growth. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Preparations Used In Animal Feeding

Exports from Oman

In 2022, shipments abroad of preparations used in animal feeding decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank rapidly in the following year.

In value terms, preparations for animal feeding exports shrank significantly to $X in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then fell rapidly in the following year.

Exports by Country

Yemen (X tons), Turkey (X tons) and Qatar (X tons) were the main destinations of preparations for animal feeding exports from Oman, with a combined X% 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 Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preparations for animal feeding exported from Oman were Turkey ($X), Vietnam ($X) and Qatar ($X), together comprising X% of total exports.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

The average preparations for animal feeding export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Imports of Preparations Used In Animal Feeding

Imports into Oman

In 2022, purchases abroad of preparations used in animal feeding decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, preparations for animal feeding imports shrank dramatically to $X in 2022. Overall, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest preparations for animal feeding supplier to Oman, with a X% share of total imports. Moreover, preparations for animal feeding imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The third position in this ranking was held by Saudi Arabia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate 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 Saudi Arabia (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of preparations used in animal feeding to Oman, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

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

Import Prices by Country

The average preparations for animal feeding import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated a slight increase 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, preparations for animal feeding import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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