Oman: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in Oman

In 2021, the Omani activated natural mineral products market increased by 10% to $X, rising for the second consecutive year after three years of decline. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +79.4% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the near future.

Exports of Activated Natural Mineral Products

Exports from Oman

In 2021, approx. X tons of activated natural mineral products were exported from Oman; waning by -27% compared with 2020 figures. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 36% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, activated natural mineral products exports shrank notably to $X in 2021. In general, exports saw a abrupt downturn. The smallest decline of -9.7% was in 2017. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Yemen (X tons) and Qatar (X tons) were the main destinations of activated natural mineral products exports from Oman.

From 2012 to 2021, the biggest increases were recorded for Yemen (with a CAGR of 0.0%).

In value terms, Qatar ($X) remains the key foreign market for activated natural mineral products exports from Oman, comprising 91% of total exports. The second position in the ranking was taken by Yemen ($X), with an 8.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Qatar amounted to -10.0%.

Export Prices by Country

The average activated natural mineral products export price stood at $X per ton in 2021, falling by -5.8% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Yemen stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+3.9%).

Imports of Activated Natural Mineral Products

Imports into Oman

In 2021, supplies from abroad of activated natural mineral products increased by 8.8% to X tons, rising for the third year in a row after two years of decline. In general, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2015 when imports increased by 79% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, activated natural mineral products imports rose significantly to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +88.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 71% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, India (X tons) constituted the largest activated natural mineral products supplier to Oman, with a 64% share of total imports. Moreover, activated natural mineral products imports from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+10.1% per year) and Spain (+32.9% per year).

In value terms, India ($X) constituted the largest supplier of activated natural mineral products to Oman, comprising 65% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 23% share of total imports. It was followed by China, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from India stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+5.9% per year) and China (+7.7% per year).

Import Prices by Country

In 2021, the average activated natural mineral products import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 69% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :