Oman: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in Oman

After six years of growth, the Omani plastic tableware and kitchenware market decreased by -5.1% to $X in 2022. Overall, consumption, however, saw strong growth. Plastic tableware and kitchenware consumption peaked at $X in 2021, and then contracted in the following year.

Exports of Plastic Tableware And Kitchenware

Exports from Oman

In 2022, overseas shipments of plastic tableware and kitchenware were finally on the rise to reach X tons for the first time since 2015, thus ending a six-year declining trend. Overall, exports, however, showed a significant curtailment. The pace of growth was the most pronounced in 2015 with an increase of 87%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic tableware and kitchenware exports surged to $X in 2022. Over the period under review, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2015 when exports increased by 51% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Yemen (X tons), Somalia (X tons) and the United Arab Emirates (X tons) were the main destinations of plastic tableware and kitchenware exports from Oman, with a combined 55% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Somalia (with a CAGR of +23.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Yemen ($X), Somalia ($X) and Bahrain ($X) constituted the largest markets for plastic tableware and kitchenware exported from Oman worldwide, together accounting for 45% of total exports. Saudi Arabia, the United Arab Emirates, Qatar, the UK, Tunisia, Venezuela, Kuwait, Myanmar, Eritrea and Liberia lagged somewhat behind, together comprising a further 37%.

Venezuela, with a CAGR of +33.4%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average plastic tableware and kitchenware export price amounted to $X per ton, picking up by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Liberia ($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 Venezuela (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Tableware And Kitchenware

Imports into Oman

In 2022, the amount of plastic tableware and kitchenware imported into Oman contracted slightly to X tons, shrinking by -2.9% on the previous year's figure. The total import volume increased at an average annual rate of +6.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 55% against the previous year. Imports peaked at X tons in 2021, and then reduced modestly in the following year.

In value terms, plastic tableware and kitchenware imports reduced to $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.2% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 26%. Over the period under review, imports reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Saudi Arabia (X tons) were the main suppliers of plastic tableware and kitchenware imports to Oman, together accounting for 92% of total imports. Iran and Qatar lagged somewhat behind, together accounting for a further 3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +39.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of plastic tableware and kitchenware to Oman, comprising 64% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by Saudi Arabia, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.0% per year) and Saudi Arabia (+2.9% per year).

Import Prices by Country

In 2022, the average plastic tableware and kitchenware import price amounted to $X per ton, reducing by -2.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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