Report Update Nov 1, 2024

Oman - Propylene Glycol (Propane-1,2-Diol) - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Propylene Glycol Market 2024

Propylene Glycol Market Size in Oman

The Omani propylene glycol market dropped to $X in 2022, reducing by -12.1% 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, however, recorded strong growth. Propylene glycol consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Propylene Glycol Exports

Exports from Oman

In 2022, shipments abroad of propylene glycol (propane-1,2-diol) decreased by -36.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2016 with an increase of 328%. The exports peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, propylene glycol exports reduced remarkably to $X in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2014 when exports increased by 464% against the previous year. The exports peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Qatar (X tons) was the main destination for propylene glycol exports from Oman, accounting for a 89% share of total exports. Moreover, propylene glycol exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Qatar amounted to +60.3%.

In value terms, Qatar ($X) emerged as the key foreign market for propylene glycol (propane-1,2-diol) exports from Oman, comprising 73% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at +64.0%.

Export Prices by Country

In 2022, the average propylene glycol export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 94%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, 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 the United Arab Emirates ($X per ton), while the average price for exports to Qatar totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+91.4%), while the prices for the other major destinations experienced more modest paces of growth.

Propylene Glycol Imports

Imports into Oman

In 2022, approx. X tons of propylene glycol (propane-1,2-diol) were imported into Oman; which is down by -7.5% on the previous year. In general, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 362% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, propylene glycol imports dropped notably to $X in 2022. Overall, imports, however, posted prominent growth. The growth pace was the most rapid in 2014 with an increase of 390%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and South Korea (X tons) were the main suppliers of propylene glycol imports to Oman, together comprising 96% of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +24.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and South Korea ($X) appeared to be the largest propylene glycol suppliers to Oman, with a combined 93% share of total imports.

Saudi Arabia, with a CAGR of +26.0%, recorded the highest growth rate of 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 2022, the average propylene glycol import price amounted to $X per ton, declining by -12.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for propylene glycol (propane-1,2-diol) in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 44% of global consumption. These countries were followed by Japan, Brazil, Italy, Turkey, the UK, France, South Korea, Poland, Canada and Taiwan Chinese), which together accounted for a further 32%.

What are the largest producers of propylene glycol (propane-1,2-diol) in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, together comprising 48% of global production. India, Japan, Brazil, South Korea, Thailand, the UK, France, Turkey, Spain and Italy lagged somewhat behind, together comprising a further 37%.

What are the leading suppliers of propylene glycol (propane-1,2-diol) to Oman?

In value terms, the United Arab Emirates constituted the largest supplier of propylene glycol to Oman, comprising 65% of total imports. The second position in the ranking was occupied by Saudi Arabia, with an 18% share of total imports. It was followed by India, with a 6.9% share.

What is the average export price for propylene glycol (propane-1,2-diol) in Oman?

In 2013, the average propylene glycol export price amounted to $913 per ton, leveling off at the previous year.

What is the average import price for propylene glycol (propane-1,2-diol) in Oman?

The average propylene glycol import price stood at $1,519 per ton in 2021, with an increase of 7.7% against the previous year.

This report provides an in-depth analysis of the propylene glycol market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20142320 - Propylene glycol (propane-1,2-diol)

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023