Oman: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Oman

In 2022, the Omani articles of fiber cement market decreased by -28.9% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption recorded a relatively flat trend pattern. Articles of fiber cement consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Oman

In value terms, articles of fiber cement production surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed tangible growth. The growth pace was the most rapid in 2020 with an increase of 96% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Oman

In 2022, overseas shipments of articles of asbestos-cement, cellulose fiber-cement or the like increased by 73% to X tons, rising for the second year in a row after eight years of decline. Overall, exports, however, saw a abrupt downturn. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, articles of fiber cement exports reduced slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 99%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Somalia (X tons) were the main destinations of articles of fiber cement exports from Oman, with a combined 88% share of total exports. Qatar, Bahrain and Yemen lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of +27.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for articles of fiber cement exported from Oman were Somalia ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined 65% share of total exports. Qatar, Bahrain and Yemen lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, Yemen, with a CAGR of +30.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, declining by -42.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 41% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Yemen ($X per ton), while the average price for exports to the United Arab Emirates ($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 Somalia (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Oman

In 2022, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were imported into Oman; with a decrease of -22.9% against 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 136%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, articles of fiber cement imports dropped markedly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 140% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), the United Arab Emirates (X tons) and Italy (X tons) were the main suppliers of articles of fiber cement imports to Oman, together comprising 80% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +43.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Oman, comprising 48% of total imports. The second position in the ranking was taken by India ($X), with a 23% share of total imports. It was followed by Italy, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+21.9% per year) and Italy (-0.3% per year).

Import Prices by Country

The average articles of fiber cement import price stood at $X per ton in 2022, rising by 8.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 18%. The import price peaked at $X per ton in 2017; however, from 2018 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 the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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