Oman: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Oman

In 2021, the Omani oxygen-function amino-compound market was finally on the rise to reach $X after two years of decline. Overall, consumption showed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Oxygen-Function Amino-Compound Production in Oman

In value terms, oxygen-function amino-compound production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production saw a significant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 154% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Oxygen-Function Amino-Compound Exports

Exports from Oman

In 2021, the amount of oxygen-function amino-compounds exported from Oman stood at X tons, therefore, remained relatively stable against the year before. Overall, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 89% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, oxygen-function amino-compound exports surged to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 57%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Yemen (X tons) was the main destination for oxygen-function amino-compound exports from Oman, accounting for a 85% share of total exports. Moreover, oxygen-function amino-compound exports to Yemen exceeded the volume sent to the second major destination, Greece (X tons), eightfold. The third position in this ranking was held by Sudan (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Yemen totaled +806.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+14.4% per year) and Sudan (-26.6% per year).

In value terms, Yemen ($X) emerged as the key foreign market for oxygen-function amino-compounds exports from Oman, comprising 82% of total exports. The second position in the ranking was held by Greece ($X), with a 15% share of total exports. It was followed by Saudi Arabia, with a 1.1% share.

From 2012 to 2021, the average annual growth rate of value to Yemen stood at +28,534.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+29.1% per year) and Saudi Arabia (+3.1% per year).

Export Prices by Country

The average oxygen-function amino-compound export price stood at $X per ton in 2021, growing by 17% against the previous year. Overall, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +9.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Sudan ($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 Yemen (+3,058.6%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen-Function Amino-Compound Imports

Imports into Oman

In 2021, purchases abroad of oxygen-function amino-compounds increased by 12% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 19%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, oxygen-function amino-compound imports surged to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 41% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), the United Arab Emirates (X tons) and the United States (X tons) were the main suppliers of oxygen-function amino-compound imports to Oman, together accounting for 76% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +12.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest oxygen-function amino-compound suppliers to Oman, with a combined 63% share of total imports.

Among the main suppliers, Germany, with a CAGR of +11.9%, recorded 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

In 2021, the average oxygen-function amino-compound import price amounted to $X per ton, growing by 3.8% against the previous year. Overall, the import price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2016 an increase of 75% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average 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 India ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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