Analysis of the Fisheries and Aquaculture Sector in Oman - Fishes and Invertebrates with Production, Consumption, Import and Export Data and Trends (2017 - 2022)

With a GDP of USD 81.79 billion and a population of 3.93 million, Oman is one of the largest producers and consumers of fish in the GCC. With a high unemployment rate, the government has also chosen this sector as a key pillar for economic diversification to move away from over-dependence on earnings from hydrocarbon exports, encouraging artisanal fishermen participation to boost employment. The market for fisheries and aquaculture in Oman was worth USD XX million as of 2015 and is expected to grow at a CAGR of XX% over 2016-2022. Oman?s per capita consumption of fish is 27 kg per annum. XX% of this is imported, as local demand outstrips local supply for many varieties of fish. Oman, under its national food security program, plans to double production from about 200,000 tons in 2014 to 480,000 tons in 2020.

Increasing population, affluence, preference for protein-rich food, impetus by the government to boost self-sufficiency in terms of food are major drivers. The country has had a historically strong research wing for fisheries, since 1997. These approaches include experimentation with different varieties of fish including oysters, shrimps, and shellfish, using cages. Of the five currently ongoing pilot programs, the one in Musandam Governorate employs a marine cage technology after using GIS for site selection.

Restraints and Challenges
The problems of overfishing in common areas, lack of regulation, consolidation, and knowledge sharing in the informal sector leading to fishing of endangered species in conjunction with high demand has made the importance of aquaculture conspicuous. Oman?s fisheries, aquaculture, and fish processing sector are set to expand over the coming years.

Companies for fish processing services and fish rearing management can conduct business in Oman under PPPs. The process of bidding for tenders is highly competitive in Oman, attracting large multinational companies who partner with local companies. Tendering in Oman has a lower number of prerequisites, attracting numerous bids, enabling companies with poor standards to drag down prices for bids. Businesses can integrate themselves as joint stock companies, LLCs, general or limited partnerships, foreign branch, joint venture or sole proprietorship in Oman.

Key Developments

? The ADFD (Agriculture and Fisheries Development Fund) announced in early May the launch of a financial assistance program for initiatives employing new techniques and ideas in both agriculture and aquaculture.
? Oman recently handed out 19 licenses for aquaculture. Total investment in these projects amounted to USD 333.6 million. Four of these are located in South Batinah, two in Dakhliyah, and two in South Sharqiyah. One of these will be for a shrimp project funded by both Omani and foreign investors
? USD 1.6 billion has been allocated by the government for development of fisheries infrastructure and domestic fish markets, ports, for expanding the fleet and subsidizing pisciculture and training, processing and development of overseas export markets.
? In addition, USD 259 million has been pledged in the 8th five-year plan.
? Furthermore, the government is to rally for private investments worth USD 100 million for Phase 1 of Aquaculture Development Plan, launched in 2012.
? In 2013, the Minister of Agriculture and Fisheries announced USD 1.29 billion in fisheries development between 2013 and 2020.
? New Duqm Fisheries Industrial Zone, worth USD 250 million, which is currently in tender phase, to be completed partially by 2017 and completely by 2018.
? World Bank has partnered with Omani government to assist in knowledge sharing and capacity building for the largely informal fisheries sector in the country.
Key Deliverables in the Study
o PESTLE analysis (overview): Macro market factors pertinent to this region.
o Market definition: Main as well as associated/ancillary components constituting the market.
o Key findings of the study: Top headlines about market trends & numbers.
o Market dynamics:
? Drivers: Key factors driving growth in the market.
? Restraints: Most relevant threats and restraints hindering the growth of the market.
? Opportunities: Sectors of high return or quick turnaround on investment.
? Market concentration: Porter?s five forces analysis quantified by a comprehensive list of parameters.
o Chain analysis.
o Competition:
? Market share analysis: Top players in the market (by value and volume)
? Company profiles: Pertinent details about leading, high growth, and innovation-motivated stakeholders; with contact, operations, product/service offerings, financials, strategies, and insights.

1. Introduction

1.1 Definition of the Market

1.2 Research Approach and Methodology

1.2.1 Introduction

1.2.2 Research Design

1.2.3 Study Phases

1.3 Scope of the Report

1.4 Regional Analysis

1.4.1 PESTLE Analysis

1.4.2 Analysis of Ease of Doing Business

2. Market Dynamics

2.1 Drivers

2.2 Restraints

2.3 Opportunities

2.4 Market Demand Analysis

2.4.1 Available Products Types (Segmentation)

2.4.2 Identification of Target Subsegments (Demand Estimation)

2.4.3 Socio-Economic Segmentation of Potential Consumers

2.4.4 Spending Patterns

2.5 Porter's Five Forces Analysis

2.5.1 Bargaining Power of Suppliers

2.5.2 Bargaining Power of Buyers

2.5.3 Threat of New Entrants

2.5.4 Threat of Substitute Products

2.5.5 Degree of Competition

2.6 Marketing and Product Placement Overview

2.6.1 Marketing Channels Overview

2.6.2 Strategies for Product Launch

2.6.3 Retail Overview: Types of Fisheries and Aquaculture Products in the Market (per Segmented Category)

3. Market Segmentation (Fisheries and Aquaculture Products)

3.1 By Type

3.1.1 Unprocessed Fresh, Chilled Market Size (USD Million) Domestic Production Overview Domestic Consumption Overview Frozen Market Size (USD Million) Domestic Production Overview Domestic Consumption Overview

3.1.2 Processed Market Size (USD Million) Domestic Production Overview Domestic Consumption Overview

4. International Trade Overview

4.1 Unprocessed

4.1.1 Fresh, Chilled Import Value & Volume Export Value & Volume Current & Future Market Prospects

4.1.2 Frozen Import Value & Volume Export Value & Volume Current & Future Market Prospects

4.2 Processed

4.2.1 Import Value & Volume

4.2.2 Export Value & Volume

4.2.3 Current & Future Market Prospects

5. Market Entry

5.1 Market Entry: The Strategy

5.1.1 Types of Entry Modes, by Market Entry Objectives

5.1.2 Competition Analysis Local Supply Ecosystem Market Share of Major Stakeholders Strategies Adopted, Recent Events

5.1.3 Pricing Strategy

5.1.4 Processing & Packaging Ecosystem

5.1.5 Supply Chain Analysis Trade (Import-Export Analysis) Distribution Network & Retail Analysis

5.1.6 Market Entry: The Administration How to Register a Company Registration Processes Ministries Involved Criteria and Conditions List of Forms & Documents Product Control Guidelines Specified by the Government

6. Sources

7. Disclaimer

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