Oman: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Oman

In 2021, the Omani market for liquid or compressed air and distilled or conductivity water decreased by -54.5% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a strong increase. Liquid air and distilled water consumption peaked at $X in 2020, and then dropped significantly in the following year.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Oman

For the fourth year in a row, Oman recorded growth in shipments abroad of liquid or compressed air and distilled or conductivity water, which increased by 5% to X tons in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,420% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, liquid air and distilled water exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 2,667% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Qatar (X tons), Yemen (X tons) and Somalia (X tons) were the main destinations of liquid air and distilled water exports from Oman, together comprising 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +73.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for liquid air and distilled water exported from Oman were Yemen ($X), Somalia ($X) and Qatar ($X), together accounting for 99% of total exports.

Qatar, with a CAGR of +113.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, jumping by 57% against the previous year. Overall, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 85%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Yemen ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Oman

After two years of growth, purchases abroad of liquid or compressed air and distilled or conductivity water decreased by -53% to X tons in 2021. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 836%. Over the period under review, imports attained the peak figure at X tons in 2020, and then reduced sharply in the following year.

In value terms, liquid air and distilled water imports shrank notably to $X in 2021. Overall, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 591% against the previous year. Imports peaked at $X in 2020, and then dropped dramatically in the following year.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main supplier of liquid air and distilled water to Oman, accounting for a 95% share of total imports. It was followed by China (X tons), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+53.2% per year) and Qatar (-20.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to Oman, comprising 50% of total imports. The second position in the ranking was held by Qatar ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+5.3% per year) and China (+25.9% per year).

Import Prices by Country

In 2021, the average import price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, with an increase of 19% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 102% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+32.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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