Oman: Market for Organic Surface Active Agents 2024

Market Size for Organic Surface Active Agents in Oman

The Omani organic surface active agent market plummeted to $X in 2021, which is down by -18.9% against the previous year. Overall, consumption, however, continues to indicate a moderate increase. As a result, consumption reached the peak level of $X, and then dropped significantly in the following year.

Production of Organic Surface Active Agents in Oman

In value terms, organic surface active agent production fell dramatically to $X in 2021 estimated in export price. In general, production, however, posted strong growth. The pace of growth was the most pronounced in 2020 with an increase of 119% against the previous year. As a result, production reached the peak level of $X, and then dropped markedly in the following year.

Exports of Organic Surface Active Agents

Exports from Oman

In 2021, overseas shipments of organic surface active agents were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2015 when exports increased by 81% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, organic surface active agent exports fell to $X in 2021. Over the period under review, exports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 62% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Ethiopia (X tons) and Bahrain (X tons) were the main destinations of organic surface active agent exports from Oman, together accounting for 77% of total exports.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +75.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for organic surface active agents exports from Oman, comprising 44% of total exports. The second position in the ranking was taken by Ethiopia ($X), with a 17% share of total exports. It was followed by Bahrain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (-16.9% per year) and Bahrain (+79.7% per year).

Export Prices by Country

In 2021, the average organic surface active agent export price amounted to $X per ton, reducing by -13.8% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, organic surface active agent export price increased by +59.8% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 69%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Sudan ($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 Iran (+36.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organic Surface Active Agents

Imports into Oman

In 2021, the amount of organic surface active agents imported into Oman surged to X tons, picking up by 20% against the year before. Overall, imports, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 40%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, organic surface active agent imports surged to $X in 2021. Over the period under review, imports, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 24%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India (X tons), the United Arab Emirates (X tons) and China (X tons) were the main suppliers of organic surface active agent imports to Oman, together comprising 79% of total imports. These countries were followed by Saudi Arabia, the United States, the UK, Belgium and France, which together accounted for a further 7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +19.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), India ($X) and China ($X) constituted the largest organic surface active agent suppliers to Oman, together comprising 66% of total imports. The United States, Saudi Arabia, the UK, Belgium and France lagged somewhat behind, together accounting for a further 12%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +30.6%, saw 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

The average organic surface active agent import price stood at $X per ton in 2021, growing by 2.9% against the previous year. In general, the import price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2013 an increase of 23%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 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 the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform