Oman: Abs Copolymers Market 2024

Abs Copolymers Market Size in Oman

In 2021, after seven years of growth, there was decline in the Omani ABS copolymers market, when its value decreased by -4.9% to $X. Overall, consumption, however, posted a prominent increase. Consumption peaked at $X in 2020, and then declined modestly in the following year.

Abs Copolymers Production in Oman

In value terms, ABS copolymers production dropped modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 91%. Production peaked at $X in 2020, and then fell in the following year.

Abs Copolymers Exports

Exports from Oman

In 2021, abs copolymers exports from Oman soared to X tons, growing by 42% on 2020 figures. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2018 when exports increased by 797% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, ABS copolymers exports skyrocketed to $X in 2021. Overall, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 780%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for ABS copolymers exports from Oman, accounting for a 97% share of total exports. It was followed by India (X tons), with a 1.4% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +50.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-17.7% per year) and the United Arab Emirates (+1.6% per year).

In value terms, China ($X) remains the key foreign market for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exports from Oman, comprising 98% of total exports. The second position in the ranking was taken by India ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China stood at +47.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-23.5% per year) and the United Arab Emirates (-15.5% per year).

Export Prices by Country

The average ABS copolymers export price stood at $X per ton in 2021, jumping by 73% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+47.6%), while the prices for the other major destinations experienced a decline.

Abs Copolymers Imports

Imports into Oman

In 2021, the amount of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms imported into Oman declined sharply to X tons, with a decrease of -68% on the previous year's figure. Over the period under review, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by 889%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, ABS copolymers imports shrank dramatically to $X in 2021. Overall, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2019 when imports increased by 212% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest ABS copolymers supplier to Oman, with a 62% share of total imports. Moreover, ABS copolymers imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia totaled +47.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+18.5% per year) and Thailand (+4.1% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms to Oman, comprising 72% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by Thailand, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia totaled +43.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+13.9% per year) and Thailand (+0.8% per year).

Import Prices by Country

In 2021, the average ABS copolymers import price amounted to $X per ton, growing by 46% against the previous year. Over the period under review, the import price saw a temperate increase. The growth pace was the most rapid in 2020 an increase of 138%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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