Report Update Nov 1, 2024

Oman - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in Oman

The Omani nitric and sulphonitric acids market fell to $X in 2021, approximately reflecting the previous year. Overall, consumption posted a buoyant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Nitric Acid And Sulphonitric Acids in Oman

In value terms, nitric and sulphonitric acids production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 68% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Nitric Acid And Sulphonitric Acids

Exports from Oman

In 2021, overseas shipments of nitric acid and sulphonitric acids increased by 9.9% to X tons for the first time since 2013, thus ending a seven-year declining trend. In general, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 185% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, nitric and sulphonitric acids exports dropped to $X in 2021. Over the period under review, exports recorded resilient growth. The growth pace was the most rapid in 2013 when exports increased by 231% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Senegal (X tons) was the main destination for nitric and sulphonitric acids exports from Oman, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Senegal totaled -5.5%.

In value terms, Senegal ($X) also remains the key foreign market for nitric acid and sulphonitric acids exports from Oman.

From 2012 to 2021, the average annual growth rate of value to Senegal amounted to +7.7%.

Export Prices by Country

In 2021, the average nitric and sulphonitric acids export price amounted to $X per ton, falling by -9.1% against the previous year. Overall, the export price, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2019 an increase of 20% against the previous year. The export price peaked at $X per ton in 2020, and then dropped in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Senegal amounted to +13.9% per year.

Imports of Nitric Acid And Sulphonitric Acids

Imports into Oman

In 2021, approx. X tons of nitric acid and sulphonitric acids were imported into Oman; declining by -29% on the previous year. In general, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 when imports increased by 153%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, nitric and sulphonitric acids imports contracted notably to $X in 2021. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 79%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), India (X tons) and China (X tons) were the main suppliers of nitric and sulphonitric acids imports to Oman.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +54.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nitric and sulphonitric acids suppliers to Oman were India ($X), the United Arab Emirates ($X) and China ($X), with a combined 80% share of total imports.

Among the main suppliers, India, with a CAGR of +19.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average nitric and sulphonitric acids import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price recorded a mild reduction. The pace of growth was the most pronounced in 2018 an increase of 82% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitric acid and sulphonitric acids in the world?

The country with the largest volume of nitric and sulphonitric acids consumption was China, comprising approx. 23% of total volume. Moreover, nitric and sulphonitric acids consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 9.5% share.

What are the largest producers of nitric acid and sulphonitric acids in the world?

The country with the largest volume of nitric and sulphonitric acids production was China, accounting for 23% of total volume. Moreover, nitric and sulphonitric acids production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 9.7% share.

What are the leading suppliers of nitric acid and sulphonitric acids to Oman?

In value terms, India constituted the largest supplier of nitric and sulphonitric acids to Oman, comprising 76% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 9.6% share of total imports.

What are the leading importers of nitric acid and sulphonitric acids from Oman?

In value terms, Senegal remains the key foreign market for nitric and sulphonitric acids exports from Oman.

What is the average export price for nitric acid and sulphonitric acids in Oman?

In 2021, the average nitric and sulphonitric acids export price amounted to $4,694 per ton, reducing by -9.1% against the previous year.

What is the average import price for nitric acid and sulphonitric acids in Oman?

In 2021, the average nitric and sulphonitric acids import price amounted to $202 per ton, which is down by -27.5% against the previous year.

This report provides an in-depth analysis of the market for nitric and sulphonitric acids 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 20151050 - Nitric acid, sulphonitric acids

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:

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

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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