Oman: Market for Glass Fibres And Glass Wool 2025

Market Size for Glass Fibres And Glass Wool in Oman

The Omani glass fibres and wool market soared to $X in 2022, rising by 17% against the previous year. Overall, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.6% 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 lower figure.

Production of Glass Fibres And Glass Wool in Oman

In value terms, glass fibres and wool production surged to $X in 2022 estimated in export price. In general, production continues to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 405% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Glass Fibres And Glass Wool

Exports from Oman

In 2022, after four years of decline, there was significant growth in overseas shipments of glass fibres and glass wool, when their volume increased by 139% to X tons. Overall, exports showed a notable increase. The pace of growth appeared the most rapid in 2016 with an increase of 139% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, glass fibres and wool exports surged to $X in 2022. Over the period under review, exports, however, saw a mild curtailment. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for glass fibres and wool exports from Oman, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +10.2%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for glass fibres and glass wool exports from Oman.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +6.2%.

Export Prices by Country

The average glass fibres and wool export price stood at $X per ton in 2022, flattening at the previous year. In general, the export price showed a noticeable setback. The pace of growth was the most pronounced in 2013 an increase of 24%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +75.4% per year.

Imports of Glass Fibres And Glass Wool

Imports into Oman

In 2022, purchases abroad of glass fibres and glass wool increased by 23% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2014 when imports increased by 59%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibres and wool imports expanded notably to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2014 with an increase of 102%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main supplier of glass fibres and wool to Oman, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +2.7%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of glass fibres and glass wool to Oman.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at +13.2%.

Import Prices by Country

In 2022, the average glass fibres and wool import price amounted to $X per ton, declining by -10.9% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibres and wool import price increased by +3.5% against 2017 indices. The most prominent rate of growth was recorded in 2016 an increase of 36%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +10.8% per year.

Source: IndexBox Platform

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