Oman: Market for Limestone Flux, Limestone And Calcareous Stone 2024

Market Size for Limestone Flux, Limestone And Calcareous Stone in Oman

The Omani limestone flux and limestone market reduced markedly to $X in 2022, with a decrease of -19.9% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2021, and then reduced markedly in the following year.

Production of Limestone Flux, Limestone And Calcareous Stone in Oman

In value terms, limestone flux and limestone production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed measured growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 80%. Limestone flux and limestone production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports from Oman

In 2022, shipments abroad of limestone flux, limestone and calcareous stone increased by 30% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 411%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, limestone flux and limestone exports totaled $X in 2022. Over the period under review, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 411%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for limestone flux and limestone exports from Oman, with a 96% share of total exports. Moreover, limestone flux and limestone exports to India exceeded the volume sent to the second major destination, Bangladesh (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to India amounted to +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+34.4% per year) and Bahrain (-40.1% per year).

In value terms, India ($X) remains the key foreign market for limestone flux, limestone and calcareous stone exports from Oman, comprising 95% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 3.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India stood at +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+18.9% per year) and Bahrain (-41.2% per year).

Export Prices by Country

In 2022, the average limestone flux and limestone export price amounted to $X per ton, falling by -16.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 22%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Bahrain ($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 (+4.1%), while the prices for the other major destinations experienced a decline.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports into Oman

In 2022, purchases abroad of limestone flux, limestone and calcareous stone was finally on the rise to reach X tons after two years of decline. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 1,174% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, limestone flux and limestone imports expanded to $X in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 967% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main supplier of limestone flux and limestone to Oman, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +26.2%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of limestone flux, limestone and calcareous stone to Oman.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +38.8%.

Import Prices by Country

In 2022, the average limestone flux and limestone import price amounted to $X per ton, shrinking by -2.7% against the previous year. Overall, the import price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 104% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, 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 Iran amounted to +797.4% per year.

Source: IndexBox Platform

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