Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Oman - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Oman (CIF) - 2022
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Oman (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Oman
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Oman
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Oman (CIF) - 2022
In 2022, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $8,770 per ton, surging by 34% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fresh or chilled boneless cuts of bovine meat increased by +64.7% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($10,833 per ton), while the price for India ($4,335 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Oman (FOB) - 2022
In 2022, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $8,113 per ton, reducing by -5.8% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 an increase of 48% against the previous year. As a result, the export price reached the peak level of $8,614 per ton, and then shrank in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($8,113 per ton), while the average price for exports to Free Zones stood at $8,113 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+13.8%).
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Oman
In 2022, purchases abroad of fresh or chilled boneless cuts of bovine meat decreased by -18.8% to 1.6K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a deep slump. The growth pace was the most rapid in 2020 with an increase of 7.8% against the previous year. As a result, imports attained the peak of 2.2K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of fresh or chilled boneless cuts of bovine meat amounted to $14M in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.9 | 1.8 | 2.6 | 8.5 | 64.8% |
| India | 1.5 | 2.0 | 2.1 | 2.2 | 13.6% |
| New Zealand | 7.1 | 7.7 | 5.4 | 1.3 | -43.2% |
| Brazil | 0.3 | 0.2 | 0.9 | 0.8 | 38.7% |
| Qatar | 0.9 | 0.9 | 0.4 | 0.4 | -23.7% |
| Australia | 0.9 | 0.5 | 0.2 | 0.3 | -30.7% |
| South Africa | 0.1 | 0.1 | 0.4 | 0.3 | 44.2% |
| Others | 0.5 | 1.0 | 1.0 | 0.4 | -7.2% |
| Total | 13.2 | 14.1 | 13.0 | 14.2 | 2.5% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Oman in 2022:
- United Arab Emirates (780.1 tons)
- India (508.6 tons)
- New Zealand (121.0 tons)
- Brazil (77.4 tons)
- Qatar (35.2 tons)
- South Africa (31.6 tons)
- Australia (25.4 tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Oman
Exports of fresh or chilled boneless cuts of bovine meat from Oman soared to 62 tons in 2022, with an increase of 992% on the year before. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fresh or chilled boneless cuts of bovine meat surged to $504K in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.5 | 0.3 | 16.6 | 312 | 492.5% |
| Free Zones | N/A | N/A | N/A | 189 | 0% |
| Yemen | 50.2 | 26.9 | 22.8 | N/A | -32.6% |
| Others | N/A | N/A | 9.5 | 2.4 | -74.7% |
| Total | 51.6 | 27.3 | 49.0 | 504 | 113.8% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Oman in 2022:
- United Arab Emirates (38.5 tons)
- Free Zones (23.3 tons)
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