Oman: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Oman

After three years of decline, the Omani market for cellular plates, sheets and films of polyymers of styrene increased by 38% to $X in 2022. Overall, consumption, however, recorded a deep reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Oman

Exports of cellular plates, sheets and films of polyymers of styrene from Oman fell sharply to X tons in 2022, with a decrease of -43.1% against 2021. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 750%. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene contracted markedly to $X in 2022. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 629% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from Oman, accounting for a 49% share of total exports. Moreover, exports of cellular plates, sheets and films of polyymers of styrene to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X tons), twofold. Somalia (X tons) ranked third in terms of total exports with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+19.8% per year) and Somalia (+26.2% per year).

In value terms, Kuwait ($X), Saudi Arabia ($X) and Somalia ($X) appeared to be the largest markets for polystyrene cellular plates, sheets and films exported from Oman worldwide, with a combined 95% share of total exports.

Kuwait, with a CAGR of +20.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, approximately equating the previous year. In general, the export price continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2020 when the average export price increased by 57% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Yemen ($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 Kuwait (+0.5%), while the prices for the other major destinations experienced a decline.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Oman

In 2022, after three years of decline, there was significant growth in purchases abroad of cellular plates, sheets and films of polyymers of styrene, when their volume increased by 41% to X tons. Over the period under review, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2015 when imports increased by 132% against the previous year. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene skyrocketed to $X in 2022. Overall, imports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 124% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of polystyrene cellular plates, sheets and films to Oman, accounting for a 67% share of total imports. Moreover, imports of cellular plates, sheets and films of polyymers of styrene from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was held by the UK (X tons), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.7% per year) and the UK (+13.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to Oman, comprising 56% of total imports. The second position in the ranking was held by the UK ($X), with a 12% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+1.4% per year) and China (+7.6% per year).

Import Prices by Country

In 2022, the average import price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, reducing by -13.9% against the previous year. In general, the import price showed a noticeable setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 24% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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