Oman: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Oman

The Omani market for plasticised mixed polyvinyl chloride in primary forms dropped sharply to $X in 2022, with a decrease of -38.7% against the previous year. In general, consumption, however, recorded a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted markedly in the following year.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Oman

In value terms, production of plasticised mixed polyvinyl chloride in primary forms fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 520%. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Oman

In 2022, overseas shipments of plasticised mixed polyvinyl chloride in primary forms were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2018 when exports increased by 200%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms contracted sharply to $X in 2022. Overall, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of 232% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for exports of plasticised mixed polyvinyl chloride in primary forms from Oman, accounting for a 89% share of total exports. Moreover, exports of plasticised mixed polyvinyl chloride in primary forms to Qatar exceeded the volume sent to the second major destination, Pakistan (X tons), more than tenfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar amounted to +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+17.4% per year) and the United Arab Emirates (-25.5% per year).

In value terms, Qatar ($X) emerged as the key foreign market for plasticised mixed polyvinyl chloride in primary forms exports from Oman, comprising 68% of total exports. The second position in the ranking was taken by India ($X), with a 27% share of total exports. It was followed by the United Arab Emirates, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar stood at +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-15.7% per year) and the United Arab Emirates (-27.5% per year).

Export Prices by Country

The average export price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, which is down by -67% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 193% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Pakistan ($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 India (+28.2%), while the prices for the other major destinations experienced a decline.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Oman

In 2022, imports of plasticised mixed polyvinyl chloride in primary forms into Oman amounted to X tons, picking up by 5.3% against 2021 figures. In general, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 302% against the previous year. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms fell to $X in 2022. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 159% against the previous year. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of plasticised mixed polyvinyl chloride in primary forms to Oman, with a 54% share of total imports. Moreover, imports of plasticised mixed polyvinyl chloride in primary forms from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Egypt (X tons), twofold. The third position in this ranking was taken by Singapore (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+45.1% per year) and Singapore (+11.5% per year).

In value terms, the United Arab Emirates ($X), Egypt ($X) and Singapore ($X) constituted the largest plasticised mixed polyvinyl chloride in primary forms suppliers to Oman, together accounting for 93% of total imports.

Among the main suppliers, Egypt, with a CAGR of +54.5%, saw 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 2022, the average import price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, dropping by -13.4% against the previous year. Over the period under review, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by 35%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 Saudi Arabia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :