Oman: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Oman

In 2021, after three years of growth, there was significant decline in the Omani market for inorganic oxygen compounds of non-metals, when its value decreased by -21.9% to $X. Over the period under review, consumption, however, saw a significant expansion. As a result, consumption attained the peak level of $X, and then fell notably in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in Oman

In value terms, inorganic oxygen compounds of non-metals production contracted rapidly to $X in 2021 estimated in export price. Overall, production, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 89%. As a result, production attained the peak level of $X, and then fell remarkably in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Oman

In 2021, shipments abroad of inorganic oxygen compounds of non-metals decreased by -89.9% to X tons, falling for the third year in a row after seven years of growth. Over the period under review, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of 850% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, inorganic oxygen compounds of non-metals exports declined notably to $X in 2021. Overall, exports recorded a mild reduction. The pace of growth was the most pronounced in 2017 with an increase of 764% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from Oman, with a 90% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar totaled -2.8%.

In value terms, Qatar ($X) remains the key foreign market for inorganic oxygen compounds of non-metals exports from Oman, comprising 94% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 5.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Qatar totaled +1.0%.

Export Prices by Country

In 2021, the average export price for inorganic oxygen compounds of non-metals amounted to $X per ton, with an increase of 41% against the previous year. Over the period under review, the export price recorded noticeable growth. The growth pace was the most rapid in 2020 an increase of 81% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+324.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Oman

In 2021, inorganic oxygen compounds of non-metals imports into Oman reduced remarkably to X tons, shrinking by -60.3% on 2020. Over the period under review, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2016 with an increase of 163%. Imports peaked at X tons in 2020, and then fell dramatically in the following year.

In value terms, inorganic oxygen compounds of non-metals imports fell rapidly to $X in 2021. In general, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 99%. Imports peaked at $X in 2020, and then dropped dramatically in the following year.

Imports by Country

India (X tons), the United Arab Emirates (X tons) and China (X tons) were the main suppliers of inorganic oxygen compounds of non-metals imports to Oman, together comprising 82% of total imports. Hong Kong SAR and Italy lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +70.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest inorganic oxygen compounds of non-metals suppliers to Oman were India ($X), China ($X) and the United Arab Emirates ($X), with a combined 75% share of total imports.

In terms of the main suppliers, India, with a CAGR of +67.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate modest growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 38%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($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 (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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