Report Update Nov 1, 2024

Oman - Platinum - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Platinum Market 2024

Platinum Market Size in Oman

In 2021, the Omani platinum market increased by 21% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption posted a perceptible expansion. Platinum consumption peaked in 2021 and is expected to retain growth in the near future.

Platinum Exports

Exports from Oman

In 2018, approx. X kg of platinum were exported from Oman; therefore, remained relatively stable against the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum in 2018 and are expected to retain growth in the near future.

In value terms, platinum exports stood at $X in 2018. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2018 and are likely to see gradual growth in the immediate term.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, Germany ($X) also remains the key foreign market for platinum exports from Oman.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +17.4%.

Platinum Imports

Imports into Oman

In 2021, overseas purchases of platinum increased by 25% to X kg, rising for the fourth consecutive year after two years of decline. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 109% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, platinum imports rose slightly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 66%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X kg) constituted the largest platinum supplier to Oman, with a 76% share of total imports. Moreover, platinum imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X kg), fivefold. The United States (X kg) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-9.9% per year) and the United States (+16.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of platinum to Oman, comprising 99% of total imports. The second position in the ranking was held by India ($X), with a 0.8% share of total imports. It was followed by the United States, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-33.8% per year) and the United States (-14.4% per year).

Import Prices by Country

The average platinum import price stood at $X per ton in 2021, shrinking by -17.6% against the previous year. Over the period under review, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 83%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Germany ($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 (-10.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for platinum in the world?

South Africa remains the largest platinum consuming country worldwide, accounting for 59% of total volume. Moreover, platinum consumption in South Africa exceeded the figures recorded by the second-largest consumer, Russia, sixfold. Zimbabwe ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of platinum in the world?

South Africa constituted the country with the largest volume of platinum production, accounting for 60% of total volume. Moreover, platinum production in South Africa exceeded the figures recorded by the second-largest producer, Russia, sixfold. Zimbabwe ranked third in terms of total production with a 6.6% share.

What are the leading suppliers of platinum to Oman?

In value terms, India, the United Arab Emirates and the United States appeared to be the largest platinum suppliers to Oman, together accounting for 95% of total imports.

What are the leading importers of platinum from Oman?

In value terms, Germany and the United Arab Emirates appeared to be the largest markets for platinum exported from Oman worldwide.

What is the average export price for platinum in Oman?

In 2018, the average platinum export price amounted to $689,535 per ton, remaining constant against the previous year.

What is the average import price for platinum in Oman?

The average platinum import price stood at $5,110 per kg in 2021, waning by -14.6% against the previous year.

This report provides an in-depth analysis of the platinum market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24413010 -
Prodcom 24413015 -
Prodcom 24413020 -
Prodcom 24413025 -
Prodcom 24413040 -
Prodcom 24413045 -
Prodcom 24413055 -
Prodcom 24413060 -
Prodcom 24413065 -
Prodcom 24413070 - Platinum catalysts in the form of wire cloth or grill
Prodcom 24413030 - Platinum, palladium, rhodium, iridium, osmium and ruthenium, unwrought or in powder form
Prodcom 24413050 - Platinum, palladium, rhodium, iridium, osmium and ruthenium, in semi-manufactured forms (excluding unwrought or in powder form)

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023