Oman: Graphite Non-Electrical Articles Market 2024

Graphite Non-Electrical Articles Market Size in Oman

For the third year in a row, the Omani graphite non-electrical articles market recorded decline in sales value, which decreased by -0.3% to $X in 2021. Over the period under review, consumption, however, recorded a resilient expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Graphite Non-Electrical Articles Exports

Exports from Oman

In 2021, shipments abroad of non-electrical articles of graphite or other carbon increased by 2,166% to X tons, rising for the sixth consecutive year after three years of decline. Overall, exports showed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, graphite non-electrical articles exports soared to $X in 2021. Over the period under review, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Yemen (X tons) was the main destination for graphite non-electrical articles exports from Oman, accounting for a 88% share of total exports. Moreover, graphite non-electrical articles exports to Yemen exceeded the volume sent to the second major destination, Germany (X kg), more than tenfold. India (X kg) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to Yemen was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+945.9% per year) and India (-22.8% per year).

In value terms, Yemen ($X) emerged as the key foreign market for graphite non-electrical articles exports from Oman, comprising 65% of total exports. The second position in the ranking was taken by Germany ($X), with a 27% share of total exports. It was followed by India, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Yemen was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+400.8% per year) and India (-25.7% per year).

Export Prices by Country

The average graphite non-electrical articles export price stood at $X per ton in 2021, falling by -36.3% against the previous year. Overall, the export price showed a deep slump. The growth pace was the most rapid in 2015 when the average export price increased by 147% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Yemen ($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 India (-3.7%), while the prices for the other major destinations experienced a decline.

Graphite Non-Electrical Articles Imports

Imports into Oman

In 2021, imports of non-electrical articles of graphite or other carbon into Oman reduced modestly to X tons, with a decrease of -2.4% against 2020. Overall, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 162% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, graphite non-electrical articles imports surged to $X in 2021. In general, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by 148%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of graphite non-electrical articles to Oman, accounting for a 75% share of total imports. Moreover, graphite non-electrical articles imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+24.2% per year) and Spain (+3.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of graphite non-electrical articles to Oman, comprising 45% of total imports. The second position in the ranking was taken by Spain ($X), with a 6.7% share of total imports. It was followed by Ireland, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+16.7% per year) and Ireland (+49.6% per year).

Import Prices by Country

In 2021, the average graphite non-electrical articles import price amounted to $X per ton, rising by 42% against the previous year. Overall, the import price, however, showed a slight reduction. 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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