Oman: Flat Glass Market 2024

Flat Glass Market Size in Oman

In 2021, the Omani flat glass market decreased by -11.3% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Flat glass consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Flat Glass Exports

Exports from Oman

In 2021, flat glass exports from Oman soared to X tons, with an increase of 71% compared with the previous year. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 187%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, flat glass exports surged to $X in 2021. In general, exports continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2018 when exports increased by 237% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons), India (X tons) and the United Arab Emirates (X tons) were the main destinations of flat glass exports from Oman, with a combined 57% share of total exports. These countries were followed by Sri Lanka, Qatar, Brazil and Peru, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of +244.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flat glass exported from Oman were Spain ($X), India ($X) and the United Arab Emirates ($X), together comprising 53% of total exports. These countries were followed by Sri Lanka, Qatar, Peru and Brazil, which together accounted for a further 14%.

Sri Lanka, with a CAGR of +164.9%, recorded the highest growth rate of 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

The average flat glass export price stood at $X per ton in 2021, with an increase of 16% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2013 an increase of 142% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per ton), while the average price for exports to Brazil ($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 India (-8.7%), while the prices for the other major destinations experienced a decline.

Flat Glass Imports

Imports into Oman

In 2021, the amount of flat glass imported into Oman dropped to X tons, reducing by -14.8% compared with 2020 figures. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.9% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, flat glass imports reduced to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 29% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest flat glass supplier to Oman, with a 52% share of total imports. Moreover, flat glass imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Iran (X tons), threefold. China (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+20.7% per year) and China (-5.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of flat glass to Oman, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Iran, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.3% per year) and Iran (+27.3% per year).

Import Prices by Country

The average flat glass import price stood at $X per ton in 2021, increasing by 10% against the previous year. Over the period under review, the import price, however, saw a noticeable descent. The growth pace was the most rapid in 2018 an increase of 22% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 India ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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