Oman: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Oman

The Omani synthetic organic colouring matters market fell remarkably to $X in 2022, which is down by -60.5% 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 relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2021, and then declined significantly in the following year.

Exports of Other Synthetic Organic Colouring Matters

Exports from Oman

In 2022, overseas shipments of other synthetic organic colouring matters decreased by -2.5% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 159%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, synthetic organic colouring matters exports expanded sharply to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 254%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Qatar (X tons) was the main destination for synthetic organic colouring matters exports from Oman, with a 54% share of total exports. Moreover, synthetic organic colouring matters exports to Qatar exceeded the volume sent to the second major destination, Yemen (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar stood at +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+17.5% per year) and the United Arab Emirates (+45.0% per year).

In value terms, Qatar ($X) remains the key foreign market for other synthetic organic colouring matters exports from Oman, comprising 80% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 10% share of total exports. It was followed by Tanzania, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar totaled +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+42.3% per year) and Tanzania (+26.8% per year).

Export Prices by Country

In 2022, the average synthetic organic colouring matters export price amounted to $X per ton, jumping by 18% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 55%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+21.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Other Synthetic Organic Colouring Matters

Imports into Oman

In 2022, approx. X tons of other synthetic organic colouring matters were imported into Oman; dropping by -59.6% against the previous year's figure. Overall, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 54% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, synthetic organic colouring matters imports dropped significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a measured expansion. The growth pace was the most rapid in 2019 when imports increased by 69%. Imports peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest synthetic organic colouring matters supplier to Oman, accounting for a 51% share of total imports. Moreover, synthetic organic colouring matters imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Austria (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.4% per year) and Austria (+110.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of other synthetic organic colouring matters to Oman, comprising 62% of total imports. The second position in the ranking was taken by India ($X), with a 15% share of total imports. It was followed by the UK, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.5% per year) and the UK (+0.3% per year).

Import Prices by Country

In 2022, the average synthetic organic colouring matters import price amounted to $X per ton, jumping by 15% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic organic colouring matters import price increased by +75.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :