Report Update Nov 1, 2024

Oman - Nitrates of Potassium - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Potassium Nitrate Market 2024

Potassium Nitrate Market Size in Oman

In 2022, the Omani potassium nitrate market decreased by 99.9% to less than $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption, however, recorded a significant increase. As a result, consumption reached the peak level of $X, and then shrank significantly in the following year.

Potassium Nitrate Production in Oman

In value terms, potassium nitrate production totaled $X in 2022 estimated in export price. In general, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 163%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Potassium Nitrate Exports

Exports from Oman

Potassium nitrate exports from Oman skyrocketed to X tons in 2021, growing by 34% compared with 2020. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, potassium nitrate exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for potassium nitrate exports from Oman, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Saudi Arabia totaled +34.2%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for potassium nitrates exports from Oman.

From 2015 to 2021, the average annual growth rate of value to Saudi Arabia totaled +54.0%.

Export Prices by Country

The average potassium nitrate export price stood at $X per ton in 2021, increasing by 15% against the previous year. Over the period under review, the export price showed resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2015 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to +14.8% per year.

Potassium Nitrate Imports

Imports into Oman

In 2022, after two years of decline, there was significant growth in purchases abroad of potassium nitrates, when their volume increased by 10% to X tons. In general, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 340%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, potassium nitrate imports rose rapidly to $X in 2022. Over the period under review, imports, however, saw a deep setback. The growth pace was the most rapid in 2019 with an increase of 330% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

France (X tons), the Netherlands (X tons) and Jordan (X tons) were the main suppliers of potassium nitrate imports to Oman, together accounting for 71% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +42.6%), while imports for the other leaders experienced a decline.

In value terms, the largest potassium nitrate suppliers to Oman were France ($X), the Netherlands ($X) and Jordan ($X), together comprising 66% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +38.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average potassium nitrate import price stood at $X per ton in 2022, remaining stable against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium nitrate import price decreased by +0.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 28% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potassium nitrates in the world?

China constituted the country with the largest volume of potassium nitrate consumption, accounting for 16% of total volume. Moreover, potassium nitrate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Spain ranked third in terms of total consumption with a 5.5% share.

What are the largest producers of potassium nitrates in the world?

The countries with the highest volumes of in 2021 were China, Chile and India, together accounting for 36% of global production.

What are the leading suppliers of potassium nitrates to Oman?

In value terms, the largest potassium nitrate suppliers to Oman were France, Jordan and the United Arab Emirates, with a combined 85% share of total imports. These countries were followed by the Netherlands and China, which together accounted for a further 15%.

What is the average export price for potassium nitrates in Oman?

The average potassium nitrate export price stood at $840 per ton in 2020, declining by -4.9% against the previous year.

What is the average import price for potassium nitrates in Oman?

The average potassium nitrate import price stood at $788 per ton in 2021, dropping by -3.9% against the previous year.

This report provides an in-depth analysis of the potassium nitrate 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:

FCL 4025 -

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