Oman: Antimony Oxides Market 2024

Antimony Oxides Market Size in Oman

The Omani antimony oxides market rose notably to $X in 2022, with an increase of 8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a deep slump. Antimony oxides consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Antimony Oxides Exports

Exports from Oman

For the third consecutive year, Oman recorded growth in shipments abroad of antimony oxides, which increased by 64% to X tons in 2021. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 177% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, antimony oxides exports skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 220% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Iran (X tons) was the main destination for antimony oxides exports from Oman, accounting for a 98% share of total exports. It was followed by South Africa (X kg), with a 2.4% share of total exports.

From 2019 to 2021, the average annual rate of growth in terms of volume to Iran was relatively modest.

In value terms, Iran ($X) emerged as the key foreign market for antimony oxides exports from Oman, comprising 98% of total exports. The second position in the ranking was held by South Africa ($X), with a 2% share of total exports.

From 2019 to 2021, the average annual growth rate of value to Iran was relatively modest.

Export Prices by Country

In 2021, the average antimony oxides export price amounted to $X per ton, picking up by 3% against the previous year. Over the period from 2019 to 2021, it increased at an average annual rate of +9.1%. The most prominent rate of growth was recorded in 2020 an increase of 16%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to South Africa totaled $X per ton.

From 2019 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Antimony Oxides Imports

Imports into Oman

In 2022, approx. X tons of antimony oxides were imported into Oman; growing by 4.5% against the previous year's figure. Overall, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 61%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, antimony oxides imports totaled $X in 2022. Over the period under review, imports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2014 when imports increased by 55%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest antimony oxides supplier to Oman, accounting for a 48% share of total imports. Moreover, antimony oxides imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by Japan (X tons), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +38.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.3% per year) and Japan (-10.1% per year).

In value terms, the largest antimony oxides suppliers to Oman were Japan ($X), India ($X) and the United States ($X), together comprising 84% of total imports. The United Arab Emirates, Belgium and China lagged somewhat behind, together comprising a further 12%.

The United Arab Emirates, with a CAGR of +34.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average antimony oxides import price stood at $X per ton in 2022, almost unchanged from the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +9.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, antimony oxides import price increased by +2.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 183% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United States ($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 Arab Emirates (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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