Oman: Non-Cellular Polypropylene Film Market 2024

Non-Cellular Polypropylene Film Market Size in Oman

The Omani non-cellular polypropylene film market rose significantly to $X in 2021, growing by 12% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +105.4% against 2013 indices. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Non-Cellular Polypropylene Film Production in Oman

In value terms, non-cellular polypropylene film production stood at $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.7% against 2018 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 66% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Non-Cellular Polypropylene Film Exports

Exports from Oman

In 2021, shipments abroad of non-cellular polypropylene films, sheets, foil and strip decreased by -3.7% to X tons, falling for the third consecutive year after two years of growth. Overall, total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -8.0% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of 61%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, non-cellular polypropylene film exports soared to $X in 2021. Over the period under review, total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 56%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for non-cellular polypropylene film exports from Oman, with a 55% share of total exports. Moreover, non-cellular polypropylene film exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. El Salvador (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+16.7% per year) and El Salvador (+59.6% per year).

In value terms, the United States ($X) remains the key foreign market for non-cellular polypropylene films, sheets, foil and strip exports from Oman, comprising 59% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.9% share of total exports. It was followed by El Salvador, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+19.9% per year) and El Salvador (+62.1% per year).

Export Prices by Country

The average non-cellular polypropylene film export price stood at $X per ton in 2021, with an increase of 49% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. 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 the United States ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polypropylene Film Imports

Imports into Oman

In 2021, the amount of non-cellular polypropylene films, sheets, foil and strip imported into Oman rose significantly to X tons, surging by 7.4% against 2020. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -5.7% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 58%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, non-cellular polypropylene film imports surged to $X in 2021. In general, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 60%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of non-cellular polypropylene film to Oman, with a 82% share of total imports. Moreover, non-cellular polypropylene film imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), more than tenfold. The third position in this ranking was taken by India (X tons), with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-5.4% per year) and India (-8.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of non-cellular polypropylene films, sheets, foil and strip to Oman, comprising 84% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 5.1% share of total imports. It was followed by India, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-5.6% per year) and India (-7.8% per year).

Import Prices by Country

The average non-cellular polypropylene film import price stood at $X per ton in 2021, jumping by 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. 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 Turkey ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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