Report Update Nov 1, 2024

Oman - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in Oman

The Omani industrial stearic acid market contracted to $X in 2021, dropping by -8.6% against the previous year. Overall, consumption, however, saw a resilient increase. Over the period under review, the market attained the peak level at $X in 2020, and then shrank in the following year.

Industrial Stearic Acid Production in Oman

In value terms, industrial stearic acid production reduced to $X in 2021 estimated in export price. Overall, production, however, saw prominent growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 122%. Industrial stearic acid production peaked at $X in 2020, and then declined in the following year.

Industrial Stearic Acid Exports

Exports from Oman

In 2019, industrial stearic acid exports from Oman totaled X kg, flattening at 2018. Overall, exports recorded a dramatic slump. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2019, the exports remained at a lower figure.

In value terms, industrial stearic acid exports stood at $X in 2019. Over the period under review, exports showed a significant decline. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2019, the exports remained at a lower figure.

Exports by Country

Yemen (X kg) was the main destination for industrial stearic acid exports from Oman, with a approx. 100% share of total exports.

From 2015 to 2019, the average annual growth rate of volume to Yemen was relatively modest.

From 2015 to 2019, the average annual growth rate of value to Yemen was relatively modest.

Export Prices by Country

The average industrial stearic acid export price stood at $X per ton in 2019, approximately mirroring the previous year. In general, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2016 a decrease of 99.9%. Over the period under review, the average export prices attained the peak figure in 2019 and is expected to retain growth in the near future.

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

From 2015 to 2019, the rate of growth in terms of prices for Bahrain amounted to 0.0% per year.

Industrial Stearic Acid Imports

Imports into Oman

In 2021, supplies from abroad of industrial stearic acid increased by 70% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 96%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial stearic acid imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a temperate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of industrial stearic acid imports to Oman, with a combined 28% share of total imports. These countries were followed by Indonesia, Germany and China, which together accounted for a further 5.9%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +82.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest industrial stearic acid suppliers to Oman were Malaysia ($X), the United Arab Emirates ($X) and India ($X), together accounting for 37% of total imports. Indonesia, Germany and China lagged somewhat behind, together comprising a further 5.3%.

Indonesia, with a CAGR of +46.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average industrial stearic acid import price amounted to $X per ton, surging by 21% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial stearic acid in the world?

China constituted the country with the largest volume of industrial stearic acid consumption, comprising approx. 26% of total volume. Moreover, industrial stearic acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 11% share.

What are the largest producers of industrial stearic acid in the world?

The countries with the highest volumes of industrial stearic acid production in 2020 were Indonesia, China and the United States, with a combined 51% share of global production.

What are the leading suppliers of industrial stearic acid to Oman?

In value terms, Malaysia constituted the largest supplier of industrial stearic acid to Oman, comprising 52% of total imports. The second position in the ranking was occupied by Austria, with a 15% share of total imports. It was followed by the United Arab Emirates, with a 15% share.

What is the average export price for industrial stearic acid in Oman?

The average industrial stearic acid export price stood at $1,865 per ton in 2015, almost unchanged from the previous year.

What is the average import price for industrial stearic acid in Oman?

The average industrial stearic acid import price stood at $899 per ton in 2020, jumping by 22% against the previous year.

This report provides an in-depth analysis of the industrial stearic acid market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143120 - Industrial stearic acid

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023