Oman: Market for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Oman

The Omani market for non-cellular plates, sheets, film, foil and strip of plastics amounted to $X in 2022, leveling off at the previous year. In general, consumption posted a prominent increase. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Oman

In value terms, production of non-cellular plates, sheets, film, foil and strip of plastics reached $X in 2022 estimated in export price. In general, production posted a prominent expansion. The growth pace was the most rapid in 2018 when the production volume increased by 200%. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from Oman

In 2022, overseas shipments of non-cellular plates, sheets, film, foil and strip of plastics decreased by -8.2% to X tons, falling for the sixth consecutive year after two years of growth. In general, exports, however, showed strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 927%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of non-cellular plates, sheets, film, foil and strip of plastics totaled $X in 2022. Overall, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 667% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for exports of non-cellular plates, sheets, film, foil and strip of plastics from Oman, accounting for a 49% share of total exports. Moreover, exports of non-cellular plates, sheets, film, foil and strip of plastics to Chile exceeded the volume sent to the second major destination, India (X tons), threefold. Qatar (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile amounted to +44.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+61.9% per year) and Qatar (+3.6% per year).

In value terms, Chile ($X) remains the key foreign market for non-cellular plates, sheets, film, foil and strip of plastics exports from Oman, comprising 50% of total exports. The second position in the ranking was taken by Qatar ($X), with an 18% share of total exports. It was followed by Saudi Arabia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Chile totaled +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-8.6% per year) and Saudi Arabia (-8.2% per year).

Export Prices by Country

In 2022, the average export price for non-cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, rising by 9.4% against the previous year. In general, the export price, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to India ($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 Saudi Arabia (+8.5%), while the prices for the other major destinations experienced a decline.

Imports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into Oman

In 2022, purchases abroad of non-cellular plates, sheets, film, foil and strip of plastics decreased by -9.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +4.9% against 2017 indices. The growth pace was the most rapid in 2015 when imports increased by 34% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, imports of non-cellular plates, sheets, film, foil and strip of plastics contracted to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.6% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and China (X tons) were the main suppliers of imports of non-cellular plates, sheets, film, foil and strip of plastics to Oman, together accounting for 93% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +46.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and India ($X) were the largest non-cellular plates, sheets, film, foil and strip of plastics suppliers to Oman, together comprising 91% of total imports.

Saudi Arabia, with a CAGR of +41.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for non-cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, falling by -2.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform