Oman: Alcohols Market 2021

Alcohols Market Size in Oman

In 2020, the Omani alcohols market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, the total consumption indicated a measured expansion 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. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The growth pace was the most rapid in 2009 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Alcohols Production in Oman

In value terms, alcohols production rose markedly to $X in 2020 estimated in export prices. Overall, production continues to indicate significant growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Alcohols production peaked in 2020 and is expected to retain growth in the near future.

Alcohols Exports

Exports from Oman

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were exported from Oman; picking up by X% on the year before. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2008 when exports increased by X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, alcohols exports dropped modestly to $X in 2020. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2019, and then fell slightly in the following year.

Exports by Country

China (X tons) was the main destination for alcohols exports from Oman, with a X% share of total exports. Moreover, alcohols exports to China exceeded the volume sent to the second major destination, India (X tons), fourfold. The third position in this ranking was occupied by Malaysia (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Malaysia (+X% per year).

In value terms, China ($X) remains the key foreign market for alcohols exports from Oman, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, declining by -X% against the previous year. Overall, the export price recorded a pronounced contraction. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2020, the countries with the highest prices were Malaysia ($X per ton) and Singapore ($X per ton), while the average price for exports to the U.S. ($X per ton) and China ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced a decline.

Alcohols Imports

Imports into Oman

In 2020, imports of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives into Oman fell markedly to X tons, with a decrease of -X% on 2019. Over the period under review, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Imports peaked at X tons in 2019, and then declined notably in the following year.

In value terms, alcohols imports rose to $X in 2020. In general, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum in 2020 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of alcohols to Oman, accounting for a X% share of total imports. Moreover, alcohols imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and South Korea (+X% per year).

In value terms, China ($X) constituted the largest supplier of alcohols to Oman, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed a perceptible expansion. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per ton in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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