Oman: Market for Prefabricated Buildings Of Plastics, Concrete Or Aluminium 2024

Market Size for Prefabricated Buildings Of Plastics, Concrete Or Aluminium in Oman

The Omani market for prefabricated buildings of plastics, concrete or aluminium contracted dramatically to $X in 2021, with a decrease of -37.6% 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 recorded a deep downturn. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Exports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Exports from Oman

In 2021, shipments abroad of prefabricated buildings of plastics, concrete or aluminium increased by 33% to X tons, rising for the fourth year in a row after three years of decline. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 129% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of prefabricated buildings of plastics, concrete or aluminium surged to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 97%. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X tons) was the main destination for exports of prefabricated buildings of plastics, concrete or aluminium from Oman, with a 77% share of total exports. Moreover, exports of prefabricated buildings of plastics, concrete or aluminium to Qatar exceeded the volume sent to the second major destination, Yemen (X tons), more than tenfold. The third position in this ranking was held by Kuwait (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to Qatar stood at +36.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+60.2% per year) and Kuwait (+9.1% per year).

In value terms, Qatar ($X) remains the key foreign market for prefabricated buildings of plastics, concrete or aluminium exports from Oman, comprising 81% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 5.4% share of total exports. It was followed by Somalia, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar stood at +40.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+9.9% per year) and Somalia (-2.0% per year).

Export Prices by Country

The average export price for prefabricated buildings of plastics, concrete or aluminium stood at $X per ton in 2021, surging by 20% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 25% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 Qatar ($X per ton), while the average price for exports to Yemen ($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 Qatar (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Imports into Oman

In 2021, imports of prefabricated buildings of plastics, concrete or aluminium into Oman contracted sharply to X tons, dropping by -16.1% on 2020. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 88%. Over the period under review, imports of attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of prefabricated buildings of plastics, concrete or aluminium dropped remarkably to $X in 2021. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when imports increased by 25% against the previous year. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of prefabricated buildings of plastics, concrete or aluminium to Oman, accounting for a 67% share of total imports. Moreover, imports of prefabricated buildings of plastics, concrete or aluminium from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+36.1% per year) and Saudi Arabia (+10.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of prefabricated buildings of plastics, concrete or aluminium to Oman, comprising 55% of total imports. The second position in the ranking was taken by China ($X), with a 9.6% share of total imports. It was followed by India, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.1% per year) and India (+17.1% per year).

Import Prices by Country

The average import price for prefabricated buildings of plastics, concrete or aluminium stood at $X per ton in 2021, with a decrease of -11.4% against the previous year. Overall, the import price, however, continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2017 an increase of 103% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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