Oman: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Oman

In 2021, after two years of decline, there was significant growth in the Omani market for polyethylene with a specific gravity of less than X, in primary forms, when its value increased by 82% to $X. Over the period under review, consumption saw a mild increase. Consumption of peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Oman

In 2021, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms increased by 14% to X tons, rising for the fourth consecutive year after three years of decline. In general, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 178% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms totaled $X in 2021. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 214% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Vietnam (X tons), Yemen (X tons) and Egypt (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Oman, together accounting for 55% of total exports. India, Spain, Morocco, Algeria, Brazil, Thailand, Indonesia, Italy, South Africa and the United Arab Emirates lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +884.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene with a specific gravity of less than X exported from Oman were Vietnam ($X), Egypt ($X) and Yemen ($X), together comprising 49% of total exports. Spain, Morocco, Brazil, Algeria, India, Italy, Thailand, Indonesia, South Africa and the United Arab Emirates lagged somewhat behind, together accounting for a further 27%.

Indonesia, with a CAGR of +930.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, approximately reflecting the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 40%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Yemen ($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 Thailand (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Oman

In 2021, supplies from abroad of polyethylene with a specific gravity of less than X, in primary forms increased by 38% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 57%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. Over the period under review, imports recorded perceptible growth. Over the period under review, imports of reached the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Oman, together accounting for 67% of total imports. Vietnam, Kuwait, Qatar, the United States, Thailand, South Korea and Sweden lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +113.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and India ($X) appeared to be the largest polyethylene with a specific gravity of less than X suppliers to Oman, together comprising 69% of total imports. The United States, Kuwait, Qatar, Thailand, Vietnam, South Korea and Sweden lagged somewhat behind, together comprising a further 23%.

Vietnam, with a CAGR of +93.5%, 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 import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, jumping by 32% against the previous year. In general, the import price, however, continues to indicate a mild contraction. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, 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 South Korea ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :