Oman: Alkali Metals Market 2024

Alkali Metals Market Size in Oman

After two years of decline, the Omani alkali metals market increased by 889% to $X in 2021. In general, consumption saw a buoyant expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in years to come.

Alkali Metals Production in Oman

In value terms, alkali metals production stood at $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep reduction. The pace of growth was the most pronounced in 2020 when the production volume decreased by 99.9%. Alkali metals production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Alkali Metals Exports

Exports from Oman

In 2021, approx. X tons of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury were exported from Oman; waning by -19.2% on the year before. Overall, exports showed a dramatic setback. The pace of growth was the most pronounced in 2019 with an increase of 275%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, alkali metals exports surged to $X in 2021. Over the period under review, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 207% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Yemen (X tons) was the main destination for alkali metals exports from Oman, with a 99% share of total exports. It was followed by the United Arab Emirates (X kg), with a 0.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Yemen totaled -9.2%.

In value terms, Yemen ($X) remains the key foreign market for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury exports from Oman, comprising 97% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Yemen totaled +28.2%.

Export Prices by Country

The average alkali metals export price stood at $X per ton in 2021, growing by 44% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($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 Yemen (+41.2%), while the prices for the other major destinations experienced mixed trend patterns.

Alkali Metals Imports

Imports into Oman

Alkali metals imports into Oman soared to X tons in 2021, rising by 186% against the previous year's figure. In general, imports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2016 with an increase of 396% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, alkali metals imports skyrocketed to $X in 2021. Overall, imports, however, recorded a slight contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of alkali metals to Oman, with a 70% share of total imports. Moreover, alkali metals imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +37.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+35.8% per year) and China (+1.1% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury to Oman, comprising 70% of total imports. The second position in the ranking was held by India ($X), with a 15% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.8% per year) and China (+9.0% per year).

Import Prices by Country

The average alkali metals import price stood at $X per ton in 2021, growing by 47% against the previous year. In general, the import price recorded a perceptible increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 145%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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 States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+47.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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