Oman: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Oman

The Omani market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning dropped markedly to $X in 2021, waning by -30.7% 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). Overall, consumption continues to indicate a significant contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Oman

In 2021, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -76.3% to X tons, falling for the third year in a row after four years of growth. Overall, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2018 with an increase of 1,249%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning shrank markedly to $X in 2021. In general, exports recorded a perceptible slump. The pace of growth was the most pronounced in 2018 when exports increased by 1,063% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Oman, with a 96% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +5.9%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Oman, comprising 70% of total exports. The second position in the ranking was held by Qatar ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at -5.0%.

Export Prices by Country

The average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, waning by -14.1% against the previous year. Overall, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 188% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+5.1%).

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Oman

In 2021, overseas purchases of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -48.2% to X tons, falling for the third consecutive year after two years of growth. In general, imports faced a deep setback. The pace of growth was the most pronounced in 2015 with an increase of 69%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning fell markedly to $X in 2021. Over the period under review, imports saw a sharp downturn. The pace of growth was the most pronounced in 2018 with an increase of 115%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to Oman, accounting for a 39% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+39.7% per year) and Belgium (-14.7% per year).

In value terms, the United Arab Emirates ($X), the United States ($X) and India ($X) constituted the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Oman, together accounting for 57% of total imports.

India, with a CAGR of +31.3%, saw the highest rates of growth with regard to the value of imports, in terms of 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 polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, which is down by -9.5% against the previous year. In general, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 96% against the previous year. As a result, import price reached 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 States ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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