Report Update Nov 1, 2024

Oman - Natural Cork Debacked or Roughly Squared - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Natural Cork Market 2024

Natural Cork Market Size in Oman

In 2021, the Omani natural cork market decreased by -68.7% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption recorded a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Natural Cork Exports

Exports from Oman

In 2021, overseas shipments of natural cork debacked or roughly squared decreased by -80.9% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 518%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, natural cork exports declined remarkably to $X in 2021. In general, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by 1,170%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for natural cork exports from Oman, accounting for a 96% share of total exports. Moreover, natural cork exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +6.8%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for natural cork debacked or roughly squared exports from Oman, comprising 67% of total exports. The second position in the ranking was held by Qatar ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +10.2%.

Export Prices by Country

In 2021, the average natural cork export price amounted to $X per ton, rising by 163% against the previous year. Overall, the export price continues to indicate buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+52.8%).

Natural Cork Imports

Imports into Oman

In 2021, supplies from abroad of natural cork debacked or roughly squared decreased by -77.8% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 251%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, natural cork imports shrank rapidly to $X in 2021. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by 171% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X kg) were the main suppliers of natural cork imports to Oman, with a combined 74% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +46.3%), while purchases for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of natural cork debacked or roughly squared to Oman, comprising 45% of total imports. The second position in the ranking was held by China ($X), with a 4.5% share of total imports. It was followed by Saudi Arabia, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.2% per year) and Saudi Arabia (+0.8% per year).

Import Prices by Country

In 2021, the average natural cork import price amounted to $X per ton, surging by 168% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+22.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for natural cork debacked or roughly squared in the world?

Portugal remains the largest natural cork consuming country worldwide, comprising approx. 78% of total volume. Moreover, natural cork consumption in Portugal exceeded the figures recorded by the second-largest consumer, Slovakia, sevenfold. Italy ranked third in terms of total consumption with a 1.8% share.

What are the largest producers of natural cork debacked or roughly squared in the world?

The country with the largest volume of natural cork production was Portugal, accounting for 74% of total volume. Moreover, natural cork production in Portugal exceeded the figures recorded by the second-largest producer, Spain, fourfold.

What are the leading suppliers of natural cork debacked or roughly squared to Oman?

In value terms, the United Arab Emirates, Saudi Arabia and South Korea appeared to be the largest natural cork suppliers to Oman, with a combined 69% share of total imports.

What are the leading importers of natural cork debacked or roughly squared from Oman?

In value terms, the United Arab Emirates remains the key foreign market for natural cork exports from Oman.

What is the average export price for natural cork debacked or roughly squared in Oman?

In 2021, the average natural cork export price amounted to $1,518 per ton, which is down by -5.7% against the previous year.

What is the average import price for natural cork debacked or roughly squared in Oman?

The average natural cork import price stood at $1,680 per ton in 2021, waning by -7.8% against the previous year.

This report provides an in-depth analysis of the natural cork market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16292150 - Natural cork, debacked or roughly squared, in rectangular or square blocks, plates, sheets or strips

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023