Oman: Color Printing Ink Market 2024

Color Printing Ink Market Size in Oman

The Omani color printing ink market contracted to $X in 2022, waning by -5% 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). Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Color Printing Ink Exports

Exports from Oman

In 2022, after two years of growth, there was significant decline in shipments abroad of color printing ink, when their volume decreased by -8.7% to X tons. Overall, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 75% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, color printing ink exports contracted slightly to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 46% against the previous year. The exports peaked at $X in 2021, and then contracted slightly in the following year.

Exports by Country

Yemen (X tons) was the main destination for color printing ink exports from Oman, with a 91% share of total exports. Moreover, color printing ink exports to Yemen exceeded the volume sent to the second major destination, Qatar (X tons), more than tenfold. Ethiopia (X tons) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume to Yemen amounted to +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-15.3% per year) and Ethiopia (+12.0% per year).

In value terms, Yemen ($X) remains the key foreign market for color printing ink exports from Oman, comprising 84% of total exports. The second position in the ranking was taken by Qatar ($X), with a 9.1% share of total exports. It was followed by Ethiopia, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen totaled +44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-20.1% per year) and Ethiopia (+45.9% per year).

Export Prices by Country

The average color printing ink export price stood at $X per ton in 2022, increasing by 6.2% against the previous year. Over the period under review, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 54%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Ethiopia (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Oman

Color printing ink imports into Oman fell to X tons in 2022, which is down by -10.2% on the previous year. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, color printing ink imports reduced to $X in 2022. In general, imports recorded a slight reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 52%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of color printing ink to Oman, with a 67% share of total imports. Moreover, color printing ink imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Pakistan (X tons), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.7% per year) and Pakistan (+3.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of color printing ink to Oman, comprising 51% of total imports. The second position in the ranking was taken by India ($X), with a 21% share of total imports. It was followed by the Netherlands, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.4% per year) and the Netherlands (-16.8% per year).

Import Prices by Country

In 2022, the average color printing ink import price amounted to $X per ton, picking up by 8.9% against the previous year. Overall, the import price, however, recorded a mild contraction. The growth pace was the most rapid in 2015 when the average import price increased by 46% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average 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 the Netherlands ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform