Oman: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Oman

The Omani odoriferous substance mixture market was estimated at $X in 2022, with an increase of 4.1% 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). The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Odoriferous Substance Mixture Exports

Exports from Oman

In 2022, the amount of mixtures of odoriferous substances and their preparations exported from Oman fell remarkably to X tons, with a decrease of -34.1% on the previous year. Overall, exports, however, posted measured growth. The growth pace was the most rapid in 2017 with an increase of 455% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, odoriferous substance mixture exports contracted notably to $X in 2022. Over the period under review, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 396%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), Qatar (X tons) and Somalia (X tons) were the main destinations of odoriferous substance mixture exports from Oman, together comprising 80% of total exports. The United Arab Emirates, Ethiopia, Kuwait and Jordan lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +63.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for odoriferous substance mixture exported from Oman were Saudi Arabia ($X), Qatar ($X) and the United Arab Emirates ($X), with a combined 66% share of total exports. Somalia, Ethiopia, Kuwait and Jordan lagged somewhat behind, together comprising a further 21%.

Kuwait, with a CAGR of +60.0%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average odoriferous substance mixture export price amounted to $X per ton, declining by -2.9% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, odoriferous substance mixture export price increased by +35.8% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 25% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Somalia ($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 Jordan (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Oman

In 2022, the amount of mixtures of odoriferous substances and their preparations imported into Oman reached X tons, approximately mirroring the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 27%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, odoriferous substance mixture imports rose to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 33% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Ireland (X tons) and India (X tons) were the main suppliers of odoriferous substance mixture imports to Oman, with a combined 71% share of total imports. Japan, the Netherlands, France, Kuwait, Germany, Switzerland, Qatar, Turkey, Denmark and Indonesia lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +71.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), the United Arab Emirates ($X) and India ($X) were the largest odoriferous substance mixture suppliers to Oman, together accounting for 82% of total imports. Switzerland, Turkey, Qatar, France, the Netherlands, Germany, Japan, Kuwait, Denmark and Indonesia lagged somewhat behind, together accounting for a further 14%.

Qatar, with a CAGR of +68.6%, recorded the highest rates of growth with regard to the value of imports, among 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 odoriferous substance mixture import price stood at $X per ton in 2022, growing by 2.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 an increase of 19%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+13.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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