Oman: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Oman

The Omani magnesium hydroxide and peroxide market declined remarkably to $X in 2022, falling by -99.8% against the previous year. Overall, consumption showed a sharp decline. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Oman

In value terms, magnesium hydroxide and peroxide production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2016 with an increase of 2.3% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Oman

For the ninth consecutive year, Oman recorded growth in shipments abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, which increased by 15% to X tons in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 3,581% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, magnesium hydroxide and peroxide exports dropped to $X in 2022. Overall, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 1,932% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for magnesium hydroxide and peroxide exports from Oman, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +33.4%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exports from Oman.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled -6.7%.

Export Prices by Country

In 2022, the average magnesium hydroxide and peroxide export price amounted to $X per ton, reducing by -20% against the previous year. Over the period under review, the export price continues to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2016 a decrease of -20% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -30.1% per year.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Oman

In 2022, purchases abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium decreased by -23.3% to X tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 303% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide imports reduced notably to $X in 2022. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 189%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), the United Arab Emirates (X kg) and India (X kg) were the main suppliers of magnesium hydroxide and peroxide imports to Oman, together comprising 72% of total imports. Germany, China and Belgium lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +24.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium to Oman, comprising 49% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 20% share of total imports. It was followed by Germany, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-4.5% per year) and Germany (-8.9% per year).

Import Prices by Country

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2022, declining by -40.8% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average import price increased by 49% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+28.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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