Oman: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Oman

In 2022, the Omani market for organo-sulphur compounds and other organo-inorganic compounds increased by 30% to $X, rising for the fifth consecutive year after two years of decline. Overall, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +159.0% against 2017 indices. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Oman

In 2022, shipments abroad of organo-sulphur compounds and other organo-inorganic compounds decreased by -96% to X tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 6,098% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds contracted rapidly to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 14,307% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of organo-sulphur compounds and other organo-inorganic compounds from Oman, with a 96% share of total exports. Moreover, exports of organo-sulphur compounds and other organo-inorganic compounds to the United Arab Emirates exceeded the volume sent to the second major destination, Iran (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at -3.8%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for organo-sulphur compounds and other organo-inorganic compounds exports from Oman, comprising 92% of total exports. The second position in the ranking was taken by Iran ($X), with a 7.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to -9.1%.

Export Prices by Country

The average export price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, dropping by -20.5% against the previous year. In general, the export price showed a abrupt setback. The growth pace was the most rapid in 2017 an increase of 132% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+21.9%), while the prices for the other major destinations experienced a decline.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Oman

In 2022, overseas purchases of organo-sulphur compounds and other organo-inorganic compounds increased by 3.5% to X tons, rising for the fifth consecutive year after two years of decline. In general, imports showed a notable expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 36%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds stood at $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 52%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and India (X tons) were the main suppliers of imports of organo-sulphur compounds and other organo-inorganic compounds to Oman, with a combined 71% share of total imports. France, Japan, Taiwan (Chinese), Malaysia and the UK lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +21.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest organo-sulphur compounds and other organo-inorganic compounds suppliers to Oman were China ($X), the United Arab Emirates ($X) and India ($X), with a combined 57% share of total imports.

India, with a CAGR of +22.1%, recorded the highest rates of growth with regard to 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

The average import price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, rising by 9.1% against the previous year. In general, the import price, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2015 when the average import price increased by 39%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the United Arab Emirates ($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 (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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