Sheep; Live Price in Oman - 2021

Contents:

1. Sheep; Live Price in Oman (CIF) - 2022
2. Sheep; Live Price in Oman (FOB) - 2022
3. Sheep; Live Imports in Oman
4. Sheep; Live Exports in Oman

Sheep; Live Price in Oman (CIF) - 2022

In 2022, the average sheep; live import price amounted to $109 per unit, which is down by -2.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2018 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs at $111 per unit in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Ethiopia ($120 per unit) and Australia ($118 per unit), while the price for Iran ($100 per unit) and the United Arab Emirates ($106 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Sheep; Live Price in Oman (FOB) - 2022

In 2022, the average sheep; live export price amounted to $115 per unit, shrinking by -6.2% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheep; live export price increased by +14.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 56%. As a result, the export price reached the peak level of $154 per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Qatar ($124 per unit) and Bahrain ($120 per unit), while the average price for exports to Saudi Arabia ($98 per unit) and Kuwait ($107 per unit) were 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 (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sheep; Live Imports in Oman

In 2022, approx. 441K units of sheep; live were imported into Oman; shrinking by -34.4% on 2021. Over the period under review, imports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 221%. As a result, imports reached the peak of 672K units, and then contracted sharply in the following year.

In value terms, sheep; live imports declined markedly to $48M in 2022. Overall, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 256% against the previous year. As a result, imports reached the peak of $75M, and then fell markedly in the following year.

Top Suppliers of Sheep; Live to Oman in 2022:

1. Iran (116.9K units)
2. Somalia (88.0K units)
3. United Kingdom (79.3K units)
4. Australia (77.6K units)
5. United Arab Emirates (30.5K units)
6. India (24.0K units)
7. Ethiopia (13.1K units)

Sheep; Live Exports in Oman

After three years of growth, shipments abroad of sheep; live decreased by -5.3% to 8.5K units in 2022. The total export volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 19%. The exports peaked at 9K units in 2021, and then shrank in the following year.

In value terms, sheep; live exports shrank to $980K in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of $1.1M, and then shrank in the following year.

Top Export Markets for Sheep; Live from Oman in 2022:

1. Kuwait (2.7K units)
2. Qatar (2.6K units)
3. Bahrain (1.8K units)
4. Saudi Arabia (0.9K units)
5. United Arab Emirates (0.5K units)

Source: IndexBox Market Intelligence Platform