Oman: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2024

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Oman

The Omani pigments, opacifiers and colours market reduced to $X in 2022, dropping by -13.9% 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). Overall, consumption recorded a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Oman

In 2022, after two years of decline, there was growth in shipments abroad of pigments, opacifiers and colours for ceramics, enamelling or glass, when their volume increased by 3.1% to X tons. Overall, exports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2015 with an increase of 1,027% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, pigments, opacifiers and colours exports rose to $X in 2022. In general, exports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 1,625% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for pigments, opacifiers and colours exports from Oman, with a 96% share of total exports. Moreover, pigments, opacifiers and colours exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +2.6%.

In value terms, the United Arab Emirates ($X) and Qatar ($X) appeared to be the largest markets for pigments, opacifiers and colours exported from Oman worldwide.

Qatar, with a CAGR of +22.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average pigments, opacifiers and colours export price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price, however, showed a mild setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 105% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

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 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 the United Arab Emirates (+12.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Oman

In 2022, overseas purchases of pigments, opacifiers and colours for ceramics, enamelling or glass decreased by -6.1% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2019 when imports increased by 126%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pigments, opacifiers and colours imports reduced sharply to $X in 2022. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 83% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of pigments, opacifiers and colours to Oman, with a 63% share of total imports. Moreover, pigments, opacifiers and colours imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fivefold. The third position in this ranking was held by Spain (X tons), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+5.5% per year) and Spain (-7.9% per year).

In value terms, the largest pigments, opacifiers and colours suppliers to Oman were Spain ($X), China ($X) and Saudi Arabia ($X), together comprising 59% of total imports.

Among the main suppliers, China, with a CAGR of +12.5%, saw 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

The average pigments, opacifiers and colours import price stood at $X per ton in 2022, waning by -17.8% against the previous year. Over the period under review, the import price saw a slight contraction. The pace of growth appeared the most rapid in 2021 an increase of 145%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 the United Arab Emirates ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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