Oman: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Oman

After two years of decline, the Omani anti-freezing preparations market increased by 700% to $X in 2021. Overall, consumption posted a resilient increase. Anti-freezing preparations consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Anti-Freezing Preparations Exports

Exports from Oman

In 2021, after two years of growth, there was significant decline in overseas shipments of anti-freezing preparations and prepared de-icing fluids, when their volume decreased by -37.7% to X tons. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 734%. Over the period under review, the exports hit record highs at X tons in 2020, and then shrank significantly in the following year.

In value terms, anti-freezing preparations exports rose significantly to $X in 2021. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 617% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

The United Arab Emirates (X tons) was the main destination for anti-freezing preparations exports from Oman, accounting for a 66% share of total exports. Moreover, anti-freezing preparations exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), threefold. The third position in this ranking was held by Singapore (X tons), with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +130.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+48.8% per year) and Singapore (+66.2% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for anti-freezing preparations and prepared de-icing fluids exports from Oman, comprising 75% of total exports. The second position in the ranking was taken by Qatar ($X), with an 8.8% share of total exports. It was followed by Singapore, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +164.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+79.5% per year) and Singapore (+113.6% per year).

Export Prices by Country

In 2021, the average anti-freezing preparations export price amounted to $X per ton, surging by 75% against the previous year. In general, the export price saw notable growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.

Anti-Freezing Preparations Imports

Imports into Oman

In 2021, purchases abroad of anti-freezing preparations and prepared de-icing fluids increased by 74% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 79%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, anti-freezing preparations imports surged to $X in 2021. Over the period under review, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest anti-freezing preparations supplier to Oman, with a 41% share of total imports. Moreover, anti-freezing preparations imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+45.9% per year) and Saudi Arabia (+23.8% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of anti-freezing preparations and prepared de-icing fluids to Oman, comprising 41% of total imports. The second position in the ranking was held by the United States ($X), with a 16% share of total imports. It was followed by Saudi Arabia, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+42.6% per year) and Saudi Arabia (+19.2% per year).

Import Prices by Country

The average anti-freezing preparations import price stood at $X per ton in 2021, dropping by -15.5% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 35% 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 remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :