Oman: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in Oman

In 2022, the Omani coal other than lingite market was finally on the rise to reach $X after two years of decline. In general, consumption posted a significant increase. Coal other than lingite consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Coal Other Than Lingite

Exports from Oman

In 2022, approx. X tons of coal other than lingites were exported from Oman; jumping by 21% compared with 2021. Over the period under review, exports showed a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by 753% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, coal other than lingite exports soared to $X in 2022. Overall, exports, however, continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2017 when exports increased by 1,114% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for coal other than lingite exports from Oman, with a 82% share of total exports. Moreover, coal other than lingite exports to the United Arab Emirates exceeded the volume sent to the second major destination, India (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-10.4% per year) and Qatar (+8.8% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for coal other than lingites exports from Oman, comprising 77% of total exports. The second position in the ranking was held by India ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-19.1% per year) and Qatar (+4.0% per year).

Export Prices by Country

The average coal other than lingite export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 74%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to India ($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 Qatar (-4.5%), while the prices for the other major destinations experienced a decline.

Imports of Coal Other Than Lingite

Imports into Oman

In 2022, approx. X tons of coal other than lingites were imported into Oman; rising by 71% compared with 2021 figures. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 237% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, coal other than lingite imports surged to $X in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 253% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X tons), the United Arab Emirates (X tons) and Latvia (X tons) were the main suppliers of coal other than lingite imports to Oman, with a combined 92% share of total imports. Egypt and Thailand lagged somewhat behind, together comprising a further 4.9%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +114.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Russia ($X) and Latvia ($X) appeared to be the largest coal other than lingite suppliers to Oman, together accounting for 85% of total imports. Egypt and Thailand lagged somewhat behind, together comprising a further 10%.

Thailand, with a CAGR of +94.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average coal other than lingite import price stood at $X per ton in 2022, surging by 3.8% against the previous year. Over the period under review, the import price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 29%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (-5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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