Oman: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Oman

The Omani prepared rubber accelerators market surged to $X in 2021, increasing by 205% 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). Over the period under review, consumption, however, saw a abrupt downturn. Prepared rubber accelerators consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Prepared Rubber Accelerators Exports

Exports from Oman

For the third year in a row, Oman recorded growth in overseas shipments of prepared rubber accelerators, which increased by 61% to X kg in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 104%. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared rubber accelerators exports soared to $X in 2021. Over the period under review, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X kg) was the main destination for prepared rubber accelerators exports from Oman, with a 94% share of total exports. Moreover, prepared rubber accelerators exports to the United Arab Emirates exceeded the volume sent to the second major destination, Yemen (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) remains the key foreign market for prepared rubber accelerators exports from Oman, comprising 86% of total exports. The second position in the ranking was held by Yemen ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled +9.9%.

Export Prices by Country

In 2021, the average prepared rubber accelerators export price amounted to $X per ton, picking up by 50% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 75%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Yemen ($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 the United Arab Emirates (+10.7%).

Prepared Rubber Accelerators Imports

Imports into Oman

In 2021, overseas purchases of prepared rubber accelerators increased by 197% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2016 when imports increased by 308% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, prepared rubber accelerators imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2016 when imports increased by 347%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of prepared rubber accelerators to Oman, accounting for a 53% share of total imports. Moreover, prepared rubber accelerators imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. Norway (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-12.8% per year) and Norway (0.0% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of prepared rubber accelerators to Oman, comprising 55% of total imports. The second position in the ranking was held by Norway ($X), with a 21% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (0.0% per year) and South Korea (-14.3% per year).

Import Prices by Country

In 2021, the average prepared rubber accelerators import price amounted to $X per ton, increasing by 4% against the previous year. In general, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared rubber accelerators import price decreased by -14.5% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 57%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat 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 India ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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