Oman: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Oman

The Omani halogenated hydrocarbon derivative market dropped to $X in 2022, with a decrease of -13.5% 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). In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from Oman

In 2022, after two years of growth, there was significant decline in shipments abroad of halogenated derivatives of hydrocarbons, when their volume decreased by -8.9% to X tons. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 908%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, halogenated hydrocarbon derivative exports expanded to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 1,296%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Yemen (X tons) was the main destination for halogenated hydrocarbon derivative exports from Oman, with a 60% share of total exports. Moreover, halogenated hydrocarbon derivative exports to Yemen exceeded the volume sent to the second major destination, Kuwait (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen totaled +59.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+48.9% per year) and India (+63.3% per year).

In value terms, Yemen ($X) remains the key foreign market for halogenated derivatives of hydrocarbons exports from Oman, comprising 62% of total exports. The second position in the ranking was held by the UK ($X), with a 12% share of total exports. It was followed by Kuwait, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Yemen totaled +47.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+22.8% per year) and Kuwait (+30.1% per year).

Export Prices by Country

In 2022, the average halogenated hydrocarbon derivative export price amounted to $X per ton, picking up by 14% against the previous year. Overall, the export price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2017 an increase of 38%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+21.7%), while the prices for the other major destinations experienced a decline.

Halogenated Hydrocarbon Derivative Imports

Imports into Oman

In 2022, halogenated hydrocarbon derivative imports into Oman contracted to X tons, reducing by -7.6% on the previous year. In general, imports, however, posted a mild expansion. The most prominent rate of growth was recorded in 2018 with an increase of 85% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative imports dropped significantly to $X in 2022. Over the period under review, imports, however, posted a perceptible increase. The pace of growth was the most pronounced in 2018 when imports increased by 76% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and India (X tons) were the main suppliers of halogenated hydrocarbon derivative imports to Oman, with a combined 87% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +11.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest halogenated hydrocarbon derivative suppliers to Oman were the United Arab Emirates ($X), China ($X) and India ($X), with a combined 68% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +15.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, falling by -8.7% against the previous year. Over the period under review, the import price, however, saw a slight expansion. The most prominent rate of growth was recorded in 2014 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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