Oman: Polyacetals Market 2024

Polyacetals Market Size in Oman

The Omani polyacetals market skyrocketed to $X in 2021, picking up by 16% against the previous year. Over the period under review, consumption saw a strong expansion. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Polyacetals Production in Oman

In value terms, polyacetals production soared to $X in 2021 estimated in export price. In general, production showed a resilient increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 67% against the previous year. Polyacetals production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Polyacetals Exports

Exports from Oman

In 2021, the amount of polyacetals in primary forms exported from Oman skyrocketed to X tons, with an increase of 264% compared with the previous year's figure. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 1,283% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, polyacetals exports skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,316% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Saudi Arabia (X tons) was the main destination for polyacetals exports from Oman, with a 53% share of total exports. Moreover, polyacetals exports to Saudi Arabia exceeded the volume sent to the second major destination, Brazil (X tons), twofold. Algeria (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia stood at +55.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and Algeria (0.0% per year).

In value terms, the largest markets for polyacetals exported from Oman were Saudi Arabia ($X), Brazil ($X) and Algeria ($X), with a combined 95% share of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of +40.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average polyacetals export price amounted to $X per ton, with an increase of 24% against the previous year. In general, the export price, however, faced 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 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to India ($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 Yemen (+1.8%), while the prices for the other major destinations experienced a decline.

Polyacetals Imports

Imports into Oman

Polyacetals imports into Oman skyrocketed to X tons in 2021, growing by 118% against the year before. Overall, imports saw slight growth. The pace of growth was the most pronounced in 2014 when imports increased by 679% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, polyacetals imports surged to $X in 2021. In general, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of 1,258%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of polyacetals to Oman, with a 45% share of total imports. Moreover, polyacetals imports from Malaysia exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. The third position in this ranking was held by China (X tons), with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+26.8% per year) and China (+15.6% per year).

In value terms, Malaysia ($X), Saudi Arabia ($X) and China ($X) were the largest polyacetals suppliers to Oman, with a combined 79% share of total imports.

Saudi Arabia, with a CAGR of +27.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average polyacetals import price amounted to $X per ton, surging by 6.6% against the previous year. In general, the import price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2014 an increase of 74% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for India ($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 (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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