Oman: Lime Market 2024

Lime Market Size in Oman

In 2021, the Omani lime market decreased by -17.4% to $X, falling for the second consecutive year after five years of growth. Over the period under review, the total consumption indicated a notable increase from 2012 to 2021: its value 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, consumption decreased by -21.0% against 2019 indices. Lime consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Lime Production in Oman

In value terms, lime production expanded rapidly to $X in 2021 estimated in export price. Overall, production enjoyed a prominent expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 170% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Lime Exports

Exports from Oman

In 2021, approx. X tons of quicklime, slaked lime and hydraulic lime were exported from Oman; increasing by 47% on the previous year. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 1,150% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, lime exports surged to $X in 2021. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,245% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for lime exports from Oman, accounting for a 82% share of total exports. Moreover, lime exports to India exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to India totaled +59.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+9.6% per year) and Singapore (+981.6% per year).

In value terms, India ($X) remains the key foreign market for quicklime, slaked lime and hydraulic lime exports from Oman, comprising 80% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 4.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India stood at +59.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+11.0% per year) and Singapore (+1,110.7% per year).

Export Prices by Country

In 2021, the average lime export price amounted to $X per ton, with an increase of 1.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 33%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Singapore ($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 Singapore (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.

Lime Imports

Imports into Oman

For the third consecutive year, Oman recorded growth in overseas purchases of quicklime, slaked lime and hydraulic lime, which increased by 46% to X tons in 2021. Overall, imports showed significant growth. The growth pace was the most rapid in 2014 when imports increased by 160% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, lime imports soared to $X in 2021. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 142% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest lime supplier to Oman, with a 88% share of total imports. Moreover, lime imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Iraq (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +59.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Iraq (+536.7% per year) and Italy (+49.9% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of quicklime, slaked lime and hydraulic lime to Oman, comprising 85% of total imports. The second position in the ranking was taken by Italy ($X), with a 4.1% share of total imports. It was followed by Iraq, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +51.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+30.4% per year) and Iraq (+578.0% per year).

Import Prices by Country

In 2021, the average lime import price amounted to $X per ton, shrinking by -18.7% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2019 an increase of 27%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the price for Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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