Oman: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Oman

The Omani organo-inorganic compounds market skyrocketed to $X in 2021, jumping by 31% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a strong increase. Organo-inorganic compounds consumption peaked in 2021 and is expected to retain growth in the near future.

Organo-Inorganic Compounds Exports

Exports from Oman

In 2021, exports of organo-inorganic compounds (excluding organo-sulphur compounds) from Oman dropped sharply to X tons, with a decrease of -83.3% on the year before. Over the period under review, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 944%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, organo-inorganic compounds exports plummeted to $X in 2021. In general, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2017 with an increase of 908% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Egypt (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the main destinations of organo-inorganic compounds exports from Oman, with a combined 100% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for organo-inorganic compounds (excluding organo-sulphur compounds) exports from Oman, comprising 58% of total exports. The second position in the ranking was taken by Egypt ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to -25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (0.0% per year) and Saudi Arabia (-71.6% per year).

Export Prices by Country

The average organo-inorganic compounds export price stood at $X per ton in 2021, surging by 9.7% against the previous year. Over the period under review, the export price, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 65%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Egypt ($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 Yemen (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Organo-Inorganic Compounds Imports

Imports into Oman

In 2021, organo-inorganic compounds imports into Oman skyrocketed to X tons, jumping by 23% against the year before. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 178%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, organo-inorganic compounds imports soared to $X in 2021. Overall, imports showed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 145%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

The United Arab Emirates (X tons), India (X tons) and China (X tons) were the main suppliers of organo-inorganic compounds imports to Oman, with a combined 73% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +28.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of organo-inorganic compounds (excluding organo-sulphur compounds) to Oman, comprising 42% of total imports. The second position in the ranking was taken by India ($X), with a 21% share of total imports. It was followed by China, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+20.3% per year) and China (+6.8% per year).

Import Prices by Country

The average organo-inorganic compounds import price stood at $X per ton in 2021, rising by 9.1% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decline. The growth pace was the most rapid in 2015 an increase of 79% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

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 UK ($X per ton), while the price for Iran ($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 (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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