Oman: Gypsum And Anhydrite Market 2024

Gypsum And Anhydrite Market Size in Oman

After three years of growth, the Omani gypsum and anhydrite market decreased by -17.3% to $X in 2021. Over the period under review, consumption, however, recorded a significant expansion. Gypsum and anhydrite consumption peaked at $X in 2020, and then fell significantly in the following year.

Gypsum And Anhydrite Production in Oman

In value terms, gypsum and anhydrite production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a significant expansion. The growth pace was the most rapid in 2018 when the production volume increased by 245% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Gypsum And Anhydrite Exports

Exports from Oman

In 2021, shipments abroad of gypsum and anhydrite increased by 35% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 190% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, gypsum and anhydrite exports shrank sharply to $X in 2021. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 150% against the previous year. The exports peaked at $X in 2020, and then contracted notably in the following year.

Exports by Country

India (X tons) was the main destination for gypsum and anhydrite exports from Oman, accounting for a 36% share of total exports. Moreover, gypsum and anhydrite exports to India exceeded the volume sent to the second major destination, Bangladesh (X tons), twofold. The third position in this ranking was taken by Vietnam (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to India totaled +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+143.7% per year) and Vietnam (+99.4% per year).

In value terms, India ($X) emerged as the key foreign market for gypsum and anhydrite exports from Oman, comprising 35% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 15% share of total exports. It was followed by Vietnam, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+91.1% per year) and Vietnam (+92.6% per year).

Export Prices by Country

The average gypsum and anhydrite export price stood at $X per ton in 2021, reducing by -41.9% against the previous year. Over the period under review, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2015 an increase of 65%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Bangladesh ($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 (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Gypsum And Anhydrite Imports

Imports into Oman

In 2021, purchases abroad of gypsum and anhydrite decreased by -7.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 116%. Over the period under review, imports attained the peak figure at X tons in 2020, and then fell in the following year.

In value terms, gypsum and anhydrite imports shrank modestly to $X in 2021. Over the period under review, imports, however, posted a notable increase. The pace of growth was the most pronounced in 2019 with an increase of 124%. Imports peaked at $X in 2020, and then contracted slightly in the following year.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and Saudi Arabia (X tons) were the main suppliers of gypsum and anhydrite imports to Oman, together accounting for 79% of total imports. Iran and Belgium lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +237.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of gypsum and anhydrite to Oman, comprising 57% of total imports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total imports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +34.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+188.1% per year) and the United Arab Emirates (-15.6% per year).

Import Prices by Country

In 2021, the average gypsum and anhydrite import price amounted to $X per ton, surging by 3.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2016 an increase of 17%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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