Price for Bovine Animals; Live, Other than Pure-Bred Breeding Animals in Oman - 2022

Contents:

1. Price for Bovine Animals; Live, Other than Pure-Bred Breeding Animals in Oman (FOB) - 2022
2. Price for Bovine Animals; Live, Other than Pure-Bred Breeding Animals in Oman (CIF) - 2022
3. Exports of Bovine Animals; Live, Other than Pure-Bred Breeding Animals in Oman
4. Imports of Bovine Animals; Live, Other than Pure-Bred Breeding Animals in Oman

Price for Bovine Animals; Live, Other than Pure-Bred Breeding Animals in Oman (FOB) - 2022

The average export price for bovine animals; live, other than pure-bred breeding animalses stood at $1,002 per unit in 2022, rising by 2.1% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2013 an increase of 38%. The export price peaked at $1,113 per unit in 2017; however, from 2018 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 the United Arab Emirates ($3,473 per unit), while the average price for exports to Bahrain ($439 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+41.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Bovine Animals; Live, Other than Pure-Bred Breeding Animals in Oman (CIF) - 2022

In 2022, the average import price for bovine animals; live, other than pure-bred breeding animalses amounted to $1,086 per unit, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2018 an increase of 50% against the previous year. Over the period under review, average import prices reached the peak figure at $1,099 per unit in 2021, and then shrank 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 Pakistan ($1,437 per unit), while the price for Ethiopia stood at $508 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+5.8%).

Exports of Bovine Animals; Live, Other than Pure-Bred Breeding Animals in Oman

In 2022, shipments abroad of bovine animals; live, other than pure-bred breeding animalses decreased by -2.9% to 304 units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 5.7% against the previous year. Over the period under review, the exports of reached the maximum at 313 units in 2021, and then contracted in the following year.

In value terms, exports of bovine animals; live, other than pure-bred breeding animalses reduced modestly to $304K in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 1.7% against the previous year. As a result, the exports attained the peak of $307K, leveling off in the following year.

Top Export Markets for Bovine Animals; Live, Other than Pure-Bred Breeding Animals from Oman in 2022:

1. Saudi Arabia (283.0 units)
2. Bahrain (15.0 units)
3. United Arab Emirates (6.0 units)

Imports of Bovine Animals; Live, Other than Pure-Bred Breeding Animals in Oman

In 2022, purchases abroad of bovine animals; live, other than pure-bred breeding animalses decreased by -17.6% to 145 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 109%. Over the period under review, imports of reached the peak figure at 176 units in 2021, and then reduced markedly in the following year.

In value terms, imports of bovine animals; live, other than pure-bred breeding animalses declined significantly to $158K in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 143% against the previous year. Over the period under review, imports of hit record highs at $193K in 2021, and then fell sharply in the following year.

Top Suppliers of Bovine Animals; Live, Other than Pure-Bred Breeding Animals to Oman in 2022:

1. Pakistan (91.0 units)
2. Ethiopia (52.0 units)

Source: IndexBox Market Intelligence Platform