Oman: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in Oman

The Omani metal flexible tubing market skyrocketed to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a noticeable downturn. Metal flexible tubing consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Flexible Tubing Exports

Exports from Oman

In 2022, shipments abroad of iron or steel flexible tubing was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal flexible tubing exports shrank to $X in 2022. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for metal flexible tubing exports from Oman, accounting for a X% share of total exports. Moreover, metal flexible tubing exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X kg), sixfold. Saudi Arabia (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Saudi Arabia (X% per year).

In value terms, Qatar ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) were the largest markets for metal flexible tubing exported from Oman worldwide, with a combined X% share of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal flexible tubing export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price, however, recorded prominent growth. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then declined dramatically in the following year.

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 Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Flexible Tubing Imports

Imports into Oman

For the fourth year in a row, Oman recorded growth in purchases abroad of iron or steel flexible tubing, which increased by X% to X tons in 2022. Overall, imports enjoyed a mild expansion. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, metal flexible tubing imports expanded remarkably to $X in 2022. Over the period under review, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest metal flexible tubing supplier to Oman, with a X% share of total imports. Moreover, metal flexible tubing imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by India (X tons), with a X% share.

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

In value terms, the largest metal flexible tubing suppliers to Oman were the United Arab Emirates ($X), China ($X) and Qatar ($X), with a combined X% share of total imports. India, the United States, the UK, Saudi Arabia, Thailand and Malaysia lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal flexible tubing import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% 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 Qatar ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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