Oman: Fibreboard Market 2024

Fibreboard Market Size in Oman

In 2022, after three years of growth, there was decline in the Omani fibreboard market, when its value decreased by X% to $X. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. Fibreboard consumption peaked at $X in 2021, and then reduced in the following year.

Fibreboard Exports

Exports from Oman

Fibreboard exports from Oman dropped slightly to X cubic meters in 2022, which is down by X% against the previous year. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, fibreboard exports reduced to $X in 2022. Overall, exports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X cubic meters) was the main destination for fibreboard exports from Oman, accounting for a X% share of total exports. Moreover, fibreboard exports to Qatar exceeded the volume sent to the second major destination, Somalia (X cubic meters), twofold.

From 2012 to 2022, the average annual growth rate of volume to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (X% per year) and the United Arab Emirates (X% per year).

In value terms, Qatar ($X) remains the key foreign market for fibreboard exports from Oman, comprising X% of total exports. The second position in the ranking was held by Somalia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average fibreboard export price stood at $X per cubic meter in 2022, dropping by X% against the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fibreboard export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per cubic meter), while the average price for exports to Somalia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Fibreboard Imports

Imports into Oman

In 2022, after three years of growth, there was decline in overseas purchases of fibreboard, when their volume decreased by X% to X cubic meters. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2013 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs at X cubic meters in 2021, and then shrank slightly in the following year.

In value terms, fibreboard imports dropped modestly to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then contracted slightly in the following year.

Imports by Country

The United Arab Emirates (X cubic meters), China (X cubic meters) and Chile (X cubic meters) were the main suppliers of fibreboard imports to Oman, with a combined X% share of total imports. Indonesia, Thailand, Malaysia, Singapore and Norway lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fibreboard suppliers to Oman were the United Arab Emirates ($X), China ($X) and Chile ($X), together comprising X% of total imports. Indonesia, Malaysia, Thailand, Singapore and Norway lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 fibreboard import price amounted to $X per cubic meter, approximately equating the previous year. Overall, the import price showed a slight descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per cubic meter in 2015; however, from 2016 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 Indonesia ($X per cubic meter), while the price for Thailand ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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