Oman: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Oman

The Omani high-tenacity filament nylon yarn market contracted to $X in 2022, waning by -6.7% against the previous year. Over the period under review, consumption, however, recorded resilient growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Oman

In value terms, high-tenacity filament nylon yarn production fell to $X in 2022 estimated in export price. In general, production, however, posted a resilient expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 52%. High-tenacity filament nylon yarn production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports from Oman

After two years of growth, overseas shipments of high-tenacity filament yarn of nylon or other polyamides decreased by -44.6% to X tons in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 824%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn exports declined markedly to $X in 2022. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 506% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan (X tons) was the main destination for high-tenacity filament nylon yarn exports from Oman, accounting for a 95% share of total exports. Moreover, high-tenacity filament nylon yarn exports to Pakistan exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Pakistan stood at -10.6%.

In value terms, Pakistan ($X) emerged as the key foreign market for high-tenacity filament yarn of nylon or other polyamides exports from Oman, comprising 94% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Pakistan totaled -14.3%.

Export Prices by Country

In 2022, the average high-tenacity filament nylon yarn export price amounted to $X per ton, with an increase of 5.1% against the previous year. Overall, the export price, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2016 an increase of 57% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Pakistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (-4.2%).

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports into Oman

In 2022, after two years of growth, there was significant decline in purchases abroad of high-tenacity filament yarn of nylon or other polyamides, when their volume decreased by -41.4% to X tons. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 2,955% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn imports shrank notably to $X in 2022. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 1,485% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest high-tenacity filament nylon yarn supplier to Oman, with a 74% share of total imports. Moreover, high-tenacity filament nylon yarn imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-19.2% per year) and India (-7.7% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to Oman, comprising 85% of total imports. The second position in the ranking was taken by India ($X), with a 9.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.7% per year) and the United Arab Emirates (-32.9% per year).

Import Prices by Country

In 2022, the average high-tenacity filament nylon yarn import price amounted to $X per ton, picking up by 7.1% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2020 when the average import price increased by 44% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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