Oman: Amino-Resin Market 2025

Amino-Resin Market Size in Oman

The Omani amino-resin market rose markedly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Amino-Resin Production in Oman

In value terms, amino-resin production expanded markedly to $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Amino-Resin Exports

Exports from Oman

In 2022, exports of amino-resins, phenolic resins and polyurethanes (in primary forms) from Oman soared to X tons, jumping by X% on 2021 figures. In general, exports posted buoyant growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, amino-resin exports skyrocketed to $X in 2022. Overall, exports, however, showed a noticeable contraction. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X tons), Bangladesh (X tons) and the United Arab Emirates (X tons) were the main destinations of amino-resin exports from Oman, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) remains the key foreign market for amino-resins, phenolic resins and polyurethanes (in primary forms) exports from Oman, comprising X% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nigeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average amino-resin export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, showed a abrupt setback. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced a decline.

Amino-Resin Imports

Imports into Oman

In 2022, after two years of growth, there was decline in purchases abroad of amino-resins, phenolic resins and polyurethanes (in primary forms), when their volume decreased by X% to X tons. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, amino-resin imports dropped slightly to $X in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest amino-resin supplier to Oman, with a X% share of total imports. Moreover, amino-resin imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was held by Japan (X tons), with a X% share.

From 2012 to 2022, 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: China (X% per year) and Japan (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of amino-resins, phenolic resins and polyurethanes (in primary forms) to Oman, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the average amino-resin import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price recorded a pronounced shrinkage. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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