Oman: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Oman

The Omani market for pure polyvinyl chloride in primary forms declined to $X in 2022, shrinking by -10.4% 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). In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +12.8% against 2020 indices. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Oman

In 2022, overseas shipments of pure polyvinyl chloride in primary forms decreased by -34.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 553% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2021, and then reduced markedly in the following year.

In value terms, exports of pure polyvinyl chloride in primary forms declined significantly to $X in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 808% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Bahrain (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from Oman, with a 54% share of total exports. Moreover, exports of pure polyvinyl chloride in primary forms to Bahrain exceeded the volume sent to the second major destination, Pakistan (X tons), threefold. The third position in this ranking was held by India (X tons), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume to Bahrain totaled +67.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+79.5% per year) and India (+56.6% per year).

In value terms, Bahrain ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from Oman, comprising 76% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 9% share of total exports. It was followed by Saudi Arabia, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Bahrain totaled +56.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+60.4% per year) and Saudi Arabia (+4.4% per year).

Export Prices by Country

The average export price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, surging by 5.8% against the previous year. In general, the export price, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2020 an increase of 66%. The export price peaked at $X per ton in 2013; however, from 2014 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 Bahrain ($X per ton), while the average price for exports to Tanzania ($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 (+27.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Oman

In 2022, supplies from abroad of pure polyvinyl chloride in primary forms increased by 2.6% to X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -33.8% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by 99% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of pure polyvinyl chloride in primary forms reduced sharply to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 100% against the previous year. Over the period under review, imports of attained the maximum at $X in 2021, and then shrank significantly in the following year.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and the United States (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to Oman, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +29.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of pure polyvinyl chloride in primary forms to Oman, comprising 37% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +31.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+15.5% per year) and the United States (-5.3% per year).

Import Prices by Country

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, with a decrease of -21.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 78%. As a result, import price attained the peak level of $X per ton, and then fell notably 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 Saudi Arabia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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