Oman: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Oman

The Omani acyclic hydrocarbons market reduced to $X in 2020, with a decrease of -X% against the previous year. Overall, the total consumption indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Acyclic Hydrocarbons Production in Oman

In value terms, acyclic hydrocarbons production declined to $X in 2020 estimated in export prices. Overall, the total production indicated a notable increase from 2007 to 2020: its value 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, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. Acyclic hydrocarbons production peaked at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Acyclic Hydrocarbons Exports

Exports from Oman

In 2020, the amount of acyclic hydrocarbons exported from Oman expanded remarkably to X tons, with an increase of X% on the previous year. In general, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Exports peaked at X tons in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, acyclic hydrocarbons exports shrank to $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Kuwait (X tons), Saudi Arabia (X tons) and China (X tons) were the main destinations of acyclic hydrocarbons exports from Oman, together comprising X% of total exports. Taiwan (Chinese), Spain, the Netherlands and Belgium lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese), while exports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Kuwait ($X) and China ($X) were the largest markets for acyclic hydrocarbons exported from Oman worldwide, together comprising X% of total exports.

Among the main countries of destination, Saudi Arabia saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average acyclic hydrocarbons export price stood at $X per ton in 2020, reducing by -X% against the previous year. In general, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Belgium, while the prices for the other major destinations experienced a decline.

Acyclic Hydrocarbons Imports

Imports into Oman

In 2020, after six years of growth, there was significant decline in overseas purchases of acyclic hydrocarbons, when their volume decreased by -X% to X tons. Overall, total imports indicated modest growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Imports peaked at X tons in 2019, and then dropped in the following year.

In value terms, acyclic hydrocarbons imports declined sharply to $X in 2020. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2019, and then contracted dramatically in the following year.

Imports by Country

In 2020, the United Arab Emirates (X tons) constituted the largest supplier of acyclic hydrocarbons to Oman, with a X% share of total imports. Moreover, acyclic hydrocarbons imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was occupied by Saudi Arabia (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the United Arab Emirates totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Saudi Arabia (+X% per year).

In value terms, the largest acyclic hydrocarbons suppliers to Oman were the United Arab Emirates ($X), India ($X) and Saudi Arabia ($X), with a combined X% share of total imports.

Among the main suppliers, India (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average acyclic hydrocarbons import price stood at $X per ton in 2020, falling by -X% against the previous year. Over the period under review, import price indicated temperate growth 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, acyclic hydrocarbons import price increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. The import price peaked at $X per ton in 2019, and then fell in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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