Oman: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Oman

The Omani cotton sewing thread market reduced rapidly to $X in 2021, with a decrease of -49.1% against the previous year. In general, consumption, however, saw a tangible expansion. Cotton sewing thread consumption peaked at $X in 2020, and then contracted remarkably in the following year.

Cotton Sewing Thread Production in Oman

In value terms, cotton sewing thread production rose significantly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 510% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Cotton Sewing Thread Exports

Exports from Oman

Cotton sewing thread exports from Oman soared to X tons in 2021, rising by 58% compared with the previous year's figure. Over the period under review, exports enjoyed a slight expansion. The growth pace was the most rapid in 2017 when exports increased by 93%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, cotton sewing thread exports soared to $X in 2021. In general, exports, however, saw a slight decline. The pace of growth appeared the most rapid in 2017 with an increase of 102% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), Jordan (X tons) and Qatar (X tons) were the main destinations of cotton sewing thread exports from Oman, together comprising 57% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +53.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cotton sewing thread exported from Oman were Saudi Arabia ($X), Jordan ($X) and Pakistan ($X), with a combined 65% share of total exports. Kenya, Egypt, Turkey, Yemen, the United Arab Emirates and Qatar lagged somewhat behind, together accounting for a further 26%.

Kenya, with a CAGR of +59.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cotton sewing thread export price amounted to $X per ton, falling by -12.6% against the previous year. In general, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Sewing Thread Imports

Imports into Oman

In 2021, cotton sewing thread imports into Oman shrank notably to X tons, dropping by -61.6% on the previous year's figure. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 286%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton sewing thread imports plummeted to $X in 2021. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 375% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main cotton sewing thread supplier to Oman, accounting for a 94% share of total imports. It was followed by China (X tons), with a 1.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.7% per year) and the United States (-70.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of cotton sewing thread to Oman, comprising 94% of total imports. The second position in the ranking was held by China ($X), with a 1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.2% per year) and the United States (-76.7% per year).

Import Prices by Country

The average cotton sewing thread import price stood at $X per ton in 2021, growing by 18% against the previous year. Overall, the import price, however, continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2013 an increase of 59% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, 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 United Arab Emirates ($X per ton), while the price for the United States ($X per ton) 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 (-3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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