Oman: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Oman

In 2022, after three years of growth, there was significant decline in the Omani plastic household articles market, when its value decreased by -7.5% to $X. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Plastic Household Articles Exports

Exports from Oman

In 2022, approx. X tons of household articles and toilet articles of plastics were exported from Oman; leveling off at the previous year. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 364%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, plastic household articles exports shrank notably to $X in 2022. Overall, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by 598% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted notably in the following year.

Exports by Country

Yemen (X tons) was the main destination for plastic household articles exports from Oman, accounting for a 50% share of total exports. Moreover, plastic household articles exports to Yemen exceeded the volume sent to the second major destination, Qatar (X tons), threefold. Somalia (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Yemen amounted to +62.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+46.8% per year) and Somalia (+36.9% per year).

In value terms, Qatar ($X) remains the key foreign market for household articles and toilet articles of plastics exports from Oman, comprising 46% of total exports. The second position in the ranking was held by Yemen ($X), with a 17% share of total exports. It was followed by the United Arab Emirates, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at +43.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+63.3% per year) and the United Arab Emirates (+7.2% per year).

Export Prices by Country

In 2022, the average plastic household articles export price amounted to $X per ton, waning by -15.3% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic household articles export price decreased by -10.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 95% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Yemen ($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 the United Arab Emirates (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Oman

In 2022, approx. X tons of household articles and toilet articles of plastics were imported into Oman; with a decrease of -3.6% compared with the year before. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 16%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic household articles imports fell to $X in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 21%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Iran (X tons) were the main suppliers of plastic household articles imports to Oman, with a combined 86% share of total imports. Turkey and Bangladesh lagged somewhat behind, together accounting for a further 6.2%.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +101.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of household articles and toilet articles of plastics to Oman, comprising 63% of total imports. The second position in the ranking was held by China ($X), with a 22% share of total imports. It was followed by Turkey, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.2% per year) and Turkey (+22.0% per year).

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, with a decrease of -5% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 30% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, 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 the United Arab Emirates ($X per ton), while the price for Iran ($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 (+8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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