Oman: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Oman

In 2021, the Omani multiple-walled insulating glass unit market increased by 17% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, posted a strong expansion. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Oman

In 2021, after four years of growth, there was significant decline in shipments abroad of multiple-walled insulating units of glass, when their volume decreased by -80.1% to X square meters. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 357% against the previous year. As a result, the exports reached the peak of X square meters, and then fell remarkably in the following year.

In value terms, multiple-walled insulating glass unit exports contracted significantly to $X in 2021. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 372%. As a result, the exports reached the peak of $X, and then fell remarkably in the following year.

Exports by Country

Yemen (X square meters), the United Arab Emirates (X square meters) and Qatar (X square meters) were the main destinations of multiple-walled insulating glass unit exports from Oman, with a combined 93% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +54.0%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Yemen ($X) and the United Arab Emirates ($X) were the largest markets for multiple-walled insulating glass unit exported from Oman worldwide, together accounting for 95% of total exports. These countries were followed by Niger and Ethiopia, which together accounted for a further 3.2%.

Ethiopia, with a CAGR of +112.2%, recorded the highest growth rate of 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

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, shrinking by -28.8% against the previous year. Overall, the export price recorded a slight downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 30%. The export price peaked at $X per square meter in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+27.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Oman

In 2021, approx. X square meters of multiple-walled insulating units of glass were imported into Oman; falling by -17% compared with the previous year's figure. Overall, imports, however, continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2014 with an increase of 76% against the previous year. Imports peaked at X square meters in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit imports surged to $X in 2021. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 160% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X square meters) was the main supplier of multiple-walled insulating glass unit to Oman, accounting for a 90% share of total imports. Moreover, multiple-walled insulating glass unit imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X square meters), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+30.8% per year) and China (+0.8% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of multiple-walled insulating units of glass to Oman, comprising 95% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 1.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+24.1% per year) and China (+14.6% per year).

Import Prices by Country

In 2021, the average multiple-walled insulating glass unit import price amounted to $X per square meter, increasing by 80% against the previous year. Overall, the import price saw a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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