Oman: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Oman

In 2022, the Omani market for floor, wall or ceiling coverings of plastics increased by 9.1% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption saw prominent growth. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Oman

Exports of floor, wall or ceiling coverings of plastics from Oman surged to X square meters in 2022, growing by 83% against 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 575%. Over the period under review, the exports of attained the peak figure at X square meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of floor, wall or ceiling coverings of plastics surged to $X in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2015 with an increase of 588% against the previous year. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Somalia (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Oman, with a 55% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to Somalia exceeded the volume sent to the second major destination, Yemen (X square meters), threefold. Tanzania (X square meters) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Somalia totaled +36.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+41.7% per year) and Tanzania (+55.2% per year).

In value terms, Somalia ($X) remains the key foreign market for floor, wall or ceiling coverings of plastics exports from Oman, comprising 48% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 20% share of total exports. It was followed by the United Arab Emirates, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Somalia totaled +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+48.6% per year) and the United Arab Emirates (+62.7% per year).

Export Prices by Country

In 2022, the average export price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, declining by -14.2% against the previous year. Overall, the export price faced a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 228%. The export price peaked at $X per square meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while the average price for exports to Yemen ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (-4.3%), while the prices for the other major destinations experienced a decline.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Oman

In 2022, overseas purchases of floor, wall or ceiling coverings of plastics were finally on the rise to reach X square meters after two years of decline. Over the period under review, imports posted a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 62%. Imports peaked at X square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of floor, wall or ceiling coverings of plastics rose markedly to $X in 2022. Overall, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by 57% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X square meters), the United Arab Emirates (X square meters) and Egypt (X square meters) were the main suppliers of imports of floor, wall or ceiling coverings of plastics to Oman, together accounting for 64% of total imports. India, Poland, Taiwan (Chinese), Saudi Arabia and Germany lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +49.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and Egypt ($X) appeared to be the largest plastic floor, wall and ceiling coverings suppliers to Oman, together accounting for 57% of total imports. India, Poland, Taiwan (Chinese), Germany and Saudi Arabia lagged somewhat behind, together comprising a further 16%.

Among the main suppliers, Poland, with a CAGR of +40.6%, 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

The average import price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, falling by -2.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 16%. As a result, import price reached the peak level of $X per square meter. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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