Oman: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Oman

The Omani rolled bitumen articles market contracted dramatically to $X in 2021, declining by -17.7% 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). In general, consumption recorded a noticeable decrease. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Rolled Bitumen Articles Exports

Exports from Oman

After three years of decline, shipments abroad of articles of bitumen in rolls increased by 1,303% to X square meters in 2021. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 2,735%. Over the period under review, the exports hit record highs at X square meters in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, rolled bitumen articles exports soared to $X in 2021. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 5,829%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Yemen (X square meters) was the main destination for rolled bitumen articles exports from Oman, with a 90% share of total exports. Moreover, rolled bitumen articles exports to Yemen exceeded the volume sent to the second major destination, the United States (X square meters), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Yemen totaled +1,657.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and the United Arab Emirates (+32.7% per year).

In value terms, Yemen ($X) remains the key foreign market for articles of bitumen in rolls exports from Oman, comprising 90% of total exports. The second position in the ranking was taken by the United States ($X), with a 6.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Yemen totaled +983.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and the United Arab Emirates (+15.2% per year).

Export Prices by Country

In 2021, the average rolled bitumen articles export price amounted to $X per square meter, declining by -38.1% against the previous year. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 109% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to the United Arab Emirates ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (-8.9%), while the prices for the other major destinations experienced a decline.

Rolled Bitumen Articles Imports

Imports into Oman

In 2021, approx. X square meters of articles of bitumen in rolls were imported into Oman; with a decrease of -18.4% against the year before. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 64% against the previous year. As a result, imports attained the peak of X square meters. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, rolled bitumen articles imports dropped sharply to $X in 2021. Overall, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 when imports increased by 40% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X square meters) constituted the largest rolled bitumen articles supplier to Oman, with a 80% share of total imports. Moreover, rolled bitumen articles imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Egypt (X square meters), more than tenfold. The third position in this ranking was taken by the United Arab Emirates (X square meters), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-11.4% per year) and the United Arab Emirates (-12.8% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of articles of bitumen in rolls to Oman, comprising 79% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.6% share of total imports. It was followed by Bahrain, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-12.0% per year) and Bahrain (-12.4% per year).

Import Prices by Country

The average rolled bitumen articles import price stood at $X per square meter in 2021, increasing by 2.7% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 11% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per square meter), while the price for Egypt ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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