Oman: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2024

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Oman

In 2022, the Omani solid vulcanised rubber sheet market increased by 6.4% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed a temperate increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports from Oman

Solid vulcanised rubber sheet exports from Oman dropped notably to X tons in 2022, declining by -76.4% against 2021 figures. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 1,235% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, solid vulcanised rubber sheet exports dropped markedly to $X in 2022. Overall, exports continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 608% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for solid vulcanised rubber sheet exports from Oman, accounting for a 69% share of total exports. Moreover, solid vulcanised rubber sheet exports to Qatar exceeded the volume sent to the second major destination, Canada (X kg), fourfold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar stood at -10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+24.8% per year) and the United Arab Emirates (-34.4% per year).

In value terms, Qatar ($X) emerged as the key foreign market for plates, sheets, strips for floor covering of solid vulcanised rubber exports from Oman, comprising 71% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by Bahrain, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-38.2% per year) and Bahrain (-25.8% per year).

Export Prices by Country

The average solid vulcanised rubber sheet export price stood at $X per ton in 2022, jumping by 218% against the previous year. Over the period under review, the export price, however, saw a abrupt setback. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Canada ($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 Canada (+61.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports into Oman

In 2022, overseas purchases of plates, sheets, strips for floor covering of solid vulcanised rubber increased by 45% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw moderate growth. The most prominent rate of growth was recorded in 2016 with an increase of 60%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, solid vulcanised rubber sheet imports shrank rapidly to $X in 2022. In general, imports showed a modest expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 48% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of solid vulcanised rubber sheet to Oman, with a 40% share of total imports. Moreover, solid vulcanised rubber sheet imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. Saudi Arabia (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-13.1% per year) and Saudi Arabia (+7.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of plates, sheets, strips for floor covering of solid vulcanised rubber to Oman, comprising 43% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 9.1% share of total imports. It was followed by India, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+13.8% per year) and India (-13.9% per year).

Import Prices by Country

In 2022, the average solid vulcanised rubber sheet import price amounted to $X per ton, shrinking by -41.6% against the previous year. Over the period under review, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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