Oman: Market for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) 2024

Market Size for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in Oman

In 2021, after four years of growth, there was significant decline in the Omani market for particle board and similar board of ligneous materials (excluding wood), when its value decreased by -8.2% to $X. In general, consumption showed a perceptible decrease. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in Oman

In value terms, production of particle board and similar board of ligneous materials (excluding wood) contracted to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 33%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Exports from Oman

In 2021, shipments abroad of particle board and similar board of ligneous materials (excluding wood) was finally on the rise to reach X cubic meters for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 34,850% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of particle board and similar board of ligneous materials (excluding wood) skyrocketed to $X in 2021. Overall, exports, however, showed a precipitous decrease. The pace of growth was the most pronounced in 2014 when exports increased by 40,270%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

The United Arab Emirates (X cubic meters) was the main destination for exports of particle board and similar board of ligneous materials (excluding wood) from Oman, with a 64% share of total exports. Moreover, exports of particle board and similar board of ligneous materials (excluding wood) to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X cubic meters), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (0.0% per year) and Yemen (-18.4% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for particle board and similar board of ligneous materials (excluding wood) exports from Oman, comprising 67% of total exports. The second position in the ranking was taken by Qatar ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled -23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (0.0% per year) and Yemen (+27.5% per year).

Export Prices by Country

In 2021, the average export price for particle board and similar board of ligneous materials (excluding wood) amounted to $X per cubic meter, almost unchanged from the previous year. Overall, the export price saw a abrupt descent. The growth pace was the most rapid in 2017 an increase of 747%. As a result, the export price reached the peak level of $X per cubic meter. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Yemen ($X per cubic meter), while the average price for exports to Qatar ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+71.0%).

Imports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Imports into Oman

After three years of growth, overseas purchases of particle board and similar board of ligneous materials (excluding wood) decreased by -6% to X cubic meters in 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 308% against the previous year. As a result, imports reached the peak of X cubic meters. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) surged to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 461% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Indonesia (X cubic meters), Belgium (X cubic meters) and the United Arab Emirates (X cubic meters) were the main suppliers of imports of particle board and similar board of ligneous materials (excluding wood) to Oman, together comprising 50% of total imports. These countries were followed by Malaysia, Germany, China and France, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +51.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United Arab Emirates ($X) constituted the largest board of bagasse, bamboo or other particles suppliers to Oman, together accounting for 67% of total imports.

Among the main suppliers, China, with a CAGR of +55.3%, recorded the highest growth rate of 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 import price for particle board and similar board of ligneous materials (excluding wood) amounted to $X per cubic meter, rising by 23% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 37% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Belgium ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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