Oman: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Oman

The Omani frozen yellowfin tuna market rose remarkably to $X in 2020, growing by X% against the previous year. Over the period under review, consumption, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Frozen yellowfin tuna consumption peaked at $X in 2014; however, from 2015 to 2020, consumption failed to regain the momentum.

Frozen Yellowfin Tuna Production in Oman

In value terms, frozen yellowfin tuna production expanded sharply to $X in 2020 estimated in export prices. Overall, production recorded a perceptible curtailment. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

Frozen Yellowfin Tuna Exports

Exports from Oman

Frozen yellowfin tuna exports from Oman dropped significantly to X tons in 2020, waning by -X% against the previous year. Overall, exports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Exports peaked at X tons in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

In value terms, frozen yellowfin tuna exports contracted modestly to $X in 2020. Over the period under review, exports saw a strong expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. Exports peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for frozen yellowfin tuna exports from Oman, accounting for a X% share of total exports. Moreover, frozen yellowfin tuna exports to Japan exceeded the volume sent to the second major destination, the U.S. (X tons), threefold. Sri Lanka (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Japan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Sri Lanka (+X% per year).

In value terms, Japan ($X), the U.S. ($X) and Spain ($X) appeared to be the largest markets for frozen yellowfin tuna exported from Oman worldwide, together accounting for X% of total exports. Qatar, Sri Lanka, the United Arab Emirates and Romania lagged somewhat behind, together accounting for a further X United Arab Emirates (+X% per year) 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

In 2020, the average frozen yellowfin tuna export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. The export price peaked at $X per ton in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Qatar ($X per ton), while the average price for exports to Sri Lanka ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Yellowfin Tuna Imports

Imports into Oman

In 2020, after two years of growth, there was significant decline in supplies from abroad of frozen yellowfin tuna, when their volume decreased by -X% to X tons. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen yellowfin tuna imports declined remarkably to $X in 2020. Overall, imports recorded a noticeable slump. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the United Arab Emirates (X tons) was the main frozen yellowfin tuna supplier to Oman, with a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of frozen yellowfin tuna to Oman.

From 2007 to 2020, the average annual rate of growth in terms of value from the United Arab Emirates totaled +X%.

Import Prices by Country

In 2020, the average frozen yellowfin tuna import price amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, import price indicated a strong expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen yellowfin tuna import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2019, and then dropped in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2007 to 2020, the rate of growth in terms of prices for the United Arab Emirates amounted to -X% per year.

Source: IndexBox Platform

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