Oman: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Oman

The Omani ethylene-vinyl acetate copolymers market contracted to $X in 2022, waning by -6.9% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Ethylene-Vinyl Acetate Copolymers Production in Oman

In value terms, ethylene-vinyl acetate copolymers production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 50% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Oman

In 2022, approx. X tons of ethylene-vinyl acetate copolymers in primary forms were exported from Oman; increasing by 191% against the year before. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 419% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, ethylene-vinyl acetate copolymers exports surged to $X in 2022. Over the period under review, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 217% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from Oman, accounting for a 92% share of total exports. Moreover, ethylene-vinyl acetate copolymers exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +80.5%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from Oman, comprising 92% of total exports. The second position in the ranking was held by Qatar ($X), with an 8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +72.3%.

Export Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers export price amounted to $X per ton, with a decrease of -26.6% against the previous year. In general, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2013 when the average export price increased by 107%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+31.1%), while the prices for the other major destinations experienced mixed trend patterns.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Oman

In 2022, ethylene-vinyl acetate copolymers imports into Oman fell remarkably to X tons, waning by -18.9% against the year before. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 102% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, ethylene-vinyl acetate copolymers imports shrank rapidly to $X in 2022. Over the period under review, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 99%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea (X tons), the United Arab Emirates (X tons) and Italy (X tons) were the main suppliers of ethylene-vinyl acetate copolymers imports to Oman, together comprising 67% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +40.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), the United Arab Emirates ($X) and Italy ($X) constituted the largest ethylene-vinyl acetate copolymers suppliers to Oman, together comprising 69% of total imports.

Among the main suppliers, Italy, with a CAGR of +38.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers import price amounted to $X per ton, waning by -3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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