Oman: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Oman

In 2021, after six years of growth, there was significant decline in the Omani market for plastic plates, sheets, film, foil and strip, when its value decreased by -26.5% to $X. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2020, and then contracted markedly in the following year.

Production of Plastic Plates, Sheets, Film, Foil And Strip in Oman

In value terms, production of plastic plates, sheets, film, foil and strip reduced slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 85% against the previous year. Production of peaked at $X in 2020, and then shrank slightly in the following year.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Oman

For the sixth year in a row, Oman recorded growth in shipments abroad of plastic plates, sheets, film, foil and strip, which increased by 1.9% to X tons in 2021. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 114%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of plastic plates, sheets, film, foil and strip expanded significantly to $X in 2021. Over the period under review, exports posted a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 94%. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exports of plastic plates, sheets, film, foil and strip from Oman, with a 68% share of total exports. Moreover, exports of plastic plates, sheets, film, foil and strip to the United States exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold. The third position in this ranking was held by the Netherlands (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+117.6% per year) and the Netherlands (+57.2% per year).

In value terms, the United States ($X) remains the key foreign market for plastic plates, sheets, film, foil and strip exports from Oman, comprising 66% of total exports. The second position in the ranking was held by Mexico ($X), with a 3.5% share of total exports. It was followed by the United Arab Emirates, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+101.6% per year) and the United Arab Emirates (+10.5% per year).

Export Prices by Country

The average export price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, surging by 11% against the previous year. In general, the export price, however, showed a pronounced decrease. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the Netherlands ($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 the United Arab Emirates (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Oman

In 2021, approx. X tons of plastic plates, sheets, film, foil and strip were imported into Oman; jumping by 18% against the previous year. The total import volume increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 32%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, imports of plastic plates, sheets, film, foil and strip surged to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of plastic plate, sheet, film, foil and strip to Oman, accounting for a 50% share of total imports. Moreover, imports of plastic plates, sheets, film, foil and strip from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+11.2% per year) and China (+10.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of plastic plates, sheets, film, foil and strip to Oman, comprising 53% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 13% share of total imports. It was followed by China, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+12.0% per year) and China (+8.0% per year).

Import Prices by Country

The average import price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, picking up by 12% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 13%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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