Oman: Market for PVC Floor, Wall and Ceiling Coverings 2024

Market Size for PVC Floor, Wall and Ceiling Coverings in Oman

In 2022, the Omani market for PVC floor, wall and ceiling coverings was finally on the rise to reach $X after two years of decline. In general, consumption recorded a strong increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports from Oman

In 2022, exports of pvc floor, wall and ceiling coverings from Oman soared to X square meters, rising by 86% compared with the year before. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 841%. The exports peaked at X square meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of PVC floor, wall and ceiling coverings surged to $X in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 499% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Somalia (X square meters) was the main destination for exports of PVC floor, wall and ceiling coverings from Oman, with a 63% share of total exports. Moreover, exports of PVC floor, wall and ceiling coverings to Somalia exceeded the volume sent to the second major destination, Yemen (X square meters), threefold. The third position in this ranking was taken by the United Arab Emirates (X square meters), with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Somalia totaled +31.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+35.6% per year) and the United Arab Emirates (+67.8% per year).

In value terms, Somalia ($X) remains the key foreign market for PVC floor, wall and ceiling coverings exports from Oman, comprising 60% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 19% share of total exports. It was followed by Yemen, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Somalia totaled +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+62.7% per year) and Yemen (+9.1% per year).

Export Prices by Country

The average export price for PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, surging by 5.3% against the previous year. In general, the export price, however, recorded a abrupt descent. The growth pace was the most rapid in 2015 an increase of 55%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while the average price for exports to Yemen ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (-1.6%), while the prices for the other major destinations experienced a decline.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports into Oman

In 2022, purchases abroad of PVC floor, wall and ceiling coverings increased by 17% to X square meters for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed a strong expansion. The growth pace was the most rapid in 2017 when imports increased by 73% against the previous year. Imports peaked at X square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of PVC floor, wall and ceiling coverings skyrocketed to $X in 2022. In general, imports enjoyed a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 61%. Over the period under review, imports of attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Egypt (X square meters), China (X square meters) and India (X square meters) were the main suppliers of imports of PVC floor, wall and ceiling coverings to Oman, with a combined 64% share of total imports. Poland, Taiwan (Chinese), the United Arab Emirates, Spain and Thailand lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +77.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), China ($X) and Spain ($X) constituted the largest PVC floor, wall and ceiling coverings suppliers to Oman, together comprising 47% of total imports.

Spain, with a CAGR of +81.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, remaining relatively unchanged 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 2019 when the average import price increased by 26%. As a result, import price attained the peak level of $X per square meter. From 2020 to 2022, the average import prices failed to regain momentum.

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 Spain ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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