Bovine Animals; Live Price in Oman - 2021
Contents:
- Bovine Animals; Live Price in Oman (CIF) - 2022
- Bovine Animals; Live Price in Oman (FOB) - 2022
- Bovine Animals; Live Imports in Oman
- Bovine Animals; Live Exports in Oman
Bovine Animals; Live Price in Oman (CIF) - 2022
In 2022, the average bovine animals; live import price amounted to $926 per unit, therefore, remained relatively stable against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bovine animals; live import price decreased by +0.6% against 2020 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 44%. The import price peaked at $1,058 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($1,621 per unit), while the price for Somalia ($859 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Bovine Animals; Live Price in Oman (FOB) - 2022
In 2022, the average bovine animals; live export price amounted to $19,236 per unit, with a decrease of -28.2% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2014 an increase of 110% against the previous year. The export price peaked at $42,180 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($29,940 per unit), while the average price for exports to Kuwait ($9,615 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 Yemen (+66.9%), while the prices for the other major destinations experienced more modest paces of growth.
Bovine Animals; Live Imports in Oman
In 2022, after two years of decline, there was significant growth in overseas purchases of bovine animals; lives, when their volume increased by 15% to 42K units. In general, imports, however, recorded a abrupt slump. Over the period under review, imports reached the maximum at 49K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, bovine animals; live imports totaled $39M in 2022. Overall, imports, however, recorded a abrupt contraction. Imports peaked at $48M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Bovine Animals; Live in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Somalia | 43.5 | 37.0 | 27.7 | 31.6 | -10.1% |
| Australia | 2.9 | 4.6 | 4.0 | 5.1 | 20.7% |
| Ethiopia | 0.1 | 0.5 | 0.9 | 0.9 | 108.0% |
| Others | 1.2 | 1.2 | 1.5 | 1.2 | 0.0% |
| Total | 47.6 | 43.4 | 34.1 | 38.7 | -6.7% |
Top Suppliers of Bovine Animals; Live to Oman in 2022:
- Somalia (36.7K units)
- Australia (3.2K units)
- Ethiopia (0.9K units)
Bovine Animals; Live Exports in Oman
In 2022, exports of bovine animals; lives from Oman surged to 106 units, increasing by 51% on 2021 figures. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 106%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, bovine animals; live exports rose sharply to $2M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.4% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 58% against the previous year. As a result, the exports attained the peak of $2.2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Bovine Animals; Live in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 697 | 874 | 1,009 | 1,202 | 19.9% |
| Kuwait | 295 | 712 | 338 | 423 | 12.8% |
| Saudi Arabia | 255 | 266 | 224 | 210 | -6.3% |
| United Arab Emirates | 98.8 | 75.9 | 139 | 140 | 12.3% |
| Qatar | 36.6 | 266 | 139 | 37.8 | 1.1% |
| Yemen | 9.3 | 6.9 | 26.8 | 26.8 | 42.3% |
| Others | N/A | 1.6 | N/A | N/A | 0% |
| Total | 1,392 | 2,201 | 1,877 | 2,039 | 13.6% |
Top Export Markets for Bovine Animals; Live from Oman in 2022:
- Bahrain (45.0 units)
- Kuwait (44.0 units)
- Saudi Arabia (7.0 units)
- United Arab Emirates (6.0 units)
- Qatar (2.0 units)
- Yemen (2.0 units)
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