Report Update Nov 1, 2024

Oman - Argon - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Argon Market 2024

Argon Exports

Exports from Oman

In 2022, overseas shipments of argon increased by 17% to X cubic meters, rising for the third consecutive year after three years of decline. Over the period under review, exports, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 335% against the previous year. Over the period under review, the exports reached the peak figure at X cubic meters in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, argon exports contracted notably to $X in 2022. Overall, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 204%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X cubic meters) was the main destination for argon exports from Oman, accounting for a 95% share of total exports. Moreover, argon exports to the United Arab Emirates exceeded the volume sent to the second major destination, Iran (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -2.6%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for argon exports from Oman, comprising 81% of total exports. The second position in the ranking was taken by Iran ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled -7.8%.

Export Prices by Country

The average argon export price stood at $X per cubic meter in 2022, dropping by -30.2% against the previous year. Overall, the export price recorded a perceptible decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 69%. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per cubic meter), while the average price for exports to the United Arab Emirates amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+64.4%), while the prices for the other major destinations experienced more modest paces of growth.

Argon Imports

Imports into Oman

In 2022, argon imports into Oman stood at X cubic meters, approximately reflecting 2021. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 88%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, argon imports skyrocketed to $X in 2022. In general, imports recorded a noticeable expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 85% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X cubic meters) constituted the largest supplier of argon to Oman, with a 83% share of total imports. Moreover, argon imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Qatar (X cubic meters), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+72.4% per year) and Kuwait (+37.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of argon to Oman, comprising 76% of total imports. The second position in the ranking was taken by Qatar ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+45.3% per year) and Kuwait (+29.9% per year).

Import Prices by Country

The average argon import price stood at $X per cubic meter in 2022, rising by 17% against the previous year. Overall, the import price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 28%. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Kuwait ($X per cubic meter), while the price for the United Arab Emirates ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (-5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for argon in the world?

The countries with the highest volumes of argon consumption in 2021 were the United States, China and India, together accounting for 55% of global consumption. Brazil, Poland, Japan, Germany, Iran, the UK and Russia lagged somewhat behind, together accounting for a further 16%.

What are the largest producers of argon in the world?

The countries with the highest volumes of argon production in 2021 were the United States, China and India, together accounting for 56% of global production. These countries were followed by Brazil, Germany, Poland, Japan, Iran, the Netherlands and the UK, which together accounted for a further 17%.

What are the leading suppliers of argon to Oman?

In value terms, the United Arab Emirates constituted the largest supplier of argon to Oman, comprising 92% of total imports. The second position in the ranking was occupied by Kuwait, with a 6.4% share of total imports.

What are the leading importers of argon from Oman?

In value terms, the United Arab Emirates remains the key foreign market for argon exports from Oman, comprising 81% of total exports. The second position in the ranking was occupied by Iran, with a 19% share of total exports.

What is the average export price for argon in Oman?

In 2021, the average argon export price amounted to $1.1 per cubic meter, reducing by -2.7% against the previous year.

What is the average import price for argon in Oman?

The average argon import price stood at $0.4 per cubic meter in 2021, picking up by 4.4% against the previous year.

This report provides an in-depth analysis of the argon market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20111120 - Argon

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023