Oman: Starch Glue Market 2024

Starch Glue Market Size in Oman

The Omani starch glue market surged to $X in 2021, increasing by 166% 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). Overall, consumption continues to indicate resilient growth. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the immediate term.

Starch Glue Exports

Exports from Oman

Starch glue exports from Oman fell markedly to X tons in 2021, waning by -68.3% compared with 2020 figures. In general, exports, however, saw prominent growth. The growth pace was the most rapid in 2020 with an increase of 2,222% against the previous year. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, starch glue exports reduced remarkably to $X in 2021. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,042% against the previous year. As a result, the exports attained the peak of $X, and then declined remarkably in the following year.

Exports by Country

Yemen (X tons) was the main destination for starch glue exports from Oman, accounting for a 85% share of total exports. Moreover, starch glue exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Yemen totaled +24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+3.1% per year) and Somalia (0.0% per year).

In value terms, Yemen ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Oman, comprising 77% of total exports. The second position in the ranking was held by Somalia ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Yemen stood at +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (0.0% per year) and the United Arab Emirates (-17.0% per year).

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, dropping by -10.4% against the previous year. Overall, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 12% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Yemen (+3.9%).

Starch Glue Imports

Imports into Oman

In 2021, the amount of glues based on starches, dextrins or other modified starches imported into Oman soared to X tons, growing by 114% on the previous year's figure. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 534%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, starch glue imports surged to $X in 2021. Over the period under review, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 420% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of starch glue to Oman, with a 51% share of total imports. Moreover, starch glue imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia totaled +74.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+29.5% per year) and the United Arab Emirates (+8.2% per year).

In value terms, Saudi Arabia ($X), the Netherlands ($X) and Italy ($X) constituted the largest starch glue suppliers to Oman, with a combined 54% share of total imports.

Saudi Arabia, with a CAGR of +73.7%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average starch glue import price amounted to $X per ton, rising by 32% against the previous year. Over the period under review, the import price, however, showed a abrupt downturn. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Saudi Arabia ($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 Netherlands (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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