Oman: Market for Granules, Chippings And Powder Of Marble 2024

Market Size for Granules, Chippings And Powder Of Marble in Oman

In 2021, the Omani marble granules and powder market decreased by -17.1% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, saw a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted dramatically in the following year.

Production of Granules, Chippings And Powder Of Marble in Oman

In value terms, marble granules and powder production contracted notably to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable downturn. The pace of growth appeared the most rapid in 2015 when the production volume increased by 81% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Granules, Chippings And Powder Of Marble

Exports from Oman

In 2021, the amount of granules, chippings and powder of marble exported from Oman fell significantly to X tons, waning by -64.4% compared with the year before. Overall, exports faced a dramatic decline. The growth pace was the most rapid in 2020 with an increase of 141%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, marble granules and powder exports reduced markedly to $X in 2021. In general, exports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2020 when exports increased by 174% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for marble granules and powder exports from Oman, accounting for a 60% share of total exports. Moreover, marble granules and powder exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. China (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to Qatar totaled +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-51.7% per year) and China (-15.4% per year).

In value terms, the United Arab Emirates ($X), China ($X) and Qatar ($X) appeared to be the largest markets for marble granules and powder exported from Oman worldwide, together comprising 70% of total exports. Saudi Arabia, Kuwait and India lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, Kuwait, with a CAGR of +30.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average marble granules and powder export price amounted to $X per ton, rising by 17% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +9.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, marble granules and powder export price increased by +33.4% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 42% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Qatar ($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 (+26.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Marble

Imports into Oman

In 2021, marble granules and powder imports into Oman skyrocketed to X tons, increasing by 15% against the previous year's figure. Overall, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2018 when imports increased by 106% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, marble granules and powder imports amounted to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 130% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of marble granules and powder to Oman, accounting for a 75% share of total imports. Moreover, marble granules and powder imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), sevenfold. India (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+26.3% per year) and India (+0.9% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of granules, chippings and powder of marble to Oman, comprising 76% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 6.5% share of total imports. It was followed by Vietnam, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+11.1% per year) and Vietnam (+4.4% per year).

Import Prices by Country

In 2021, the average marble granules and powder import price amounted to $X per ton, dropping by -11.4% against the previous year. Overall, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 15%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, 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 Spain ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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