Oman: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper in Oman

After two years of growth, the Omani market for boards, sheets, panels, tiles and similar articles of plaster faced with paper decreased by -88.6% to $X in 2021. Over the period under review, consumption continues to indicate a abrupt slump. Over the period under review, the market hit record highs at $X in 2020, and then shrank sharply in the following year.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper in Oman

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster faced with paper dropped to $X in 2021 estimated in export price. In general, production, however, posted prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 39%. Production of peaked at $X in 2020, and then declined in the following year.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Exports from Oman

For the fifth consecutive year, Oman recorded growth in overseas shipments of boards, sheets, panels, tiles and similar articles of plaster faced with paper, which increased by 37% to X square meters in 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 227%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper soared to $X in 2021. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 201% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

India (X square meters) was the main destination for exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper from Oman, accounting for a 87% share of total exports. Moreover, exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper to India exceeded the volume sent to the second major destination, Qatar (X square meters), more than tenfold. The third position in this ranking was held by the United Arab Emirates (X square meters), with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+65.1% per year) and the United Arab Emirates (+40.9% per year).

In value terms, India ($X) remains the key foreign market for boards, sheets, panels, tiles and similar articles of plaster faced with paper exports from Oman, comprising 83% of total exports. The second position in the ranking was taken by Qatar ($X), with a 3.6% share of total exports. It was followed by Saudi Arabia, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to India stood at +40.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+59.8% per year) and Saudi Arabia (+72.6% per year).

Export Prices by Country

In 2021, the average export price for boards, sheets, panels, tiles and similar articles of plaster faced with paper amounted to $X per square meter, remaining stable against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 38%. As a result, the export price attained the peak level of $X per square meter. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per square meter), while the average price for exports to Qatar ($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 Saudi Arabia (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Imports into Oman

In 2021, the amount of boards, sheets, panels, tiles and similar articles of plaster faced with paper imported into Oman contracted to X square meters, which is down by -12.8% against 2020 figures. Over the period under review, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 112% against the previous year. Imports peaked at X square meters in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper fell to $X in 2021. Overall, imports, however, continue to indicate a tangible increase. The pace of growth was the most pronounced in 2019 when imports increased by 70%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X square meters) was the main supplier of board, sheet, panel and tile faced with paper to Oman, accounting for a 96% share of total imports. It was followed by China (X square meters), with a 1.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +15.3%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of boards, sheets, panels, tiles and similar articles of plaster faced with paper to Oman, comprising 94% of total imports. The second position in the ranking was held by China ($X), with a 1.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +6.2%.

Import Prices by Country

In 2021, the average import price for boards, sheets, panels, tiles and similar articles of plaster faced with paper amounted to $X per square meter, increasing by 3.9% against the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 9.5% against the previous year. Over the period under review, average import prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per square meter), while the price for the United Arab Emirates amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Free Zones (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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