Oman: Extruded Rod Market 2025

Extruded Rod Market Size in Oman

The Omani extruded rod market declined remarkably to $X in 2021, falling by -80.5% 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 faced a deep downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Extruded Rod Exports

Exports from Oman

For the fourth consecutive year, Oman recorded growth in overseas shipments of extruded rods and profile shapes of cellular vulcanised rubber, which increased by 97% to X tons in 2021. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 836%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, extruded rod exports surged to $X in 2021. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 873% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Yemen (X tons) was the main destination for extruded rod exports from Oman, with a 98% share of total exports. It was followed by the United Arab Emirates (X kg), with a 2.3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Yemen was relatively modest.

In value terms, Yemen ($X) emerged as the key foreign market for extruded rods and profile shapes of cellular vulcanised rubber exports from Oman, comprising 98% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Yemen was relatively modest.

Export Prices by Country

The average extruded rod export price stood at $X per ton in 2021, waning by -3.7% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 when the average export price increased by 90%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Yemen amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-14.3%).

Extruded Rod Imports

Imports into Oman

In 2021, imports of extruded rods and profile shapes of cellular vulcanised rubber into Oman fell sharply to X tons, which is down by -58.6% compared with 2020. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 615%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, extruded rod imports dropped markedly to $X in 2021. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 330% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), Spain (X tons) and the United Arab Emirates (X tons) were the main suppliers of extruded rod imports to Oman, together comprising 83% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +18.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest extruded rod suppliers to Oman were India ($X), the United Arab Emirates ($X) and Bahrain ($X), together comprising 78% of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +5.2%, saw the highest rates of growth with regard to 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

The average extruded rod import price stood at $X per ton in 2021, increasing by 48% against the previous year. In general, the import price, however, faced a deep reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Bahrain ($X per ton), while the price for Spain ($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 (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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