Oman: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Oman

The Omani polishes for coachwork market dropped to $X in 2022, which is down by -8.5% 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). Over the period under review, consumption, however, enjoyed a modest expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Polishes For Coachwork Exports

Exports from Oman

Polishes for coachwork exports from Oman shrank markedly to X tons in 2022, which is down by -37.3% against 2021. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 319%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, polishes for coachwork exports reduced remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 447% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons) was the main destination for polishes for coachwork exports from Oman, accounting for a 74% share of total exports. Moreover, polishes for coachwork exports to Kuwait exceeded the volume sent to the second major destination, Singapore (X tons), eightfold. The third position in this ranking was taken by Qatar (X tons), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume to Kuwait stood at +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+48.1% per year) and Qatar (+13.8% per year).

In value terms, Kuwait ($X) remains the key foreign market for polishes for coachwork exports from Oman, comprising 69% of total exports. The second position in the ranking was taken by Qatar ($X), with a 14% share of total exports. It was followed by the United Arab Emirates, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait totaled +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+35.5% per year) and the United Arab Emirates (+16.3% per year).

Export Prices by Country

The average polishes for coachwork export price stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2014 an increase of 68% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Qatar ($X per ton), while the average price for exports to Singapore ($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 Qatar (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into Oman

In 2022, imports of polishes for coachwork into Oman contracted to X tons, waning by -5.8% compared with the previous year. Overall, imports, however, enjoyed a modest increase. The pace of growth appeared the most rapid in 2017 when imports increased by 89%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, polishes for coachwork imports fell to $X in 2022. Over the period under review, imports, however, enjoyed perceptible growth. The pace of growth appeared the most rapid in 2017 with an increase of 91%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest polishes for coachwork supplier to Oman, with a 51% share of total imports. Moreover, polishes for coachwork imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.8% per year) and the UK (+1.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of polishes for coachwork to Oman, comprising 42% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by the UK, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.3% per year) and the UK (+0.3% per year).

Import Prices by Country

In 2022, the average polishes for coachwork import price amounted to $X per ton, reducing by -8.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 25% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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