Oman: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in Oman

The Omani market for refractory products of siliceous or diatomite earths shrank dramatically to $X in 2021, declining by -82.9% against the previous year. Over the period under review, consumption showed a deep slump. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Refractory Products of Siliceous or Diatomite Earths in Oman

In value terms, production of refractory products of siliceous or diatomite earths contracted to $X in 2021 estimated in export price. Overall, production, however, showed a slight increase. The growth pace was the most rapid in 2015 with an increase of 452%. Over the period under review, production of hit record highs at $X in 2020, and then dropped in the following year.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports from Oman

In 2021, exports of refractory products of siliceous or diatomite earths from Oman surged to X tons, rising by 200% against the year before. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 978% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, exports of refractory products of siliceous or diatomite earths soared to $X in 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 889%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Saudi Arabia (X tons), Jordan (X tons) and the United Arab Emirates (X tons) were the main destinations of exports of refractory products of siliceous or diatomite earths from Oman, with a combined 81% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +211.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the UK ($X) and Jordan ($X) were the largest markets for refractory products of siliceous or diatomite earths exported from Oman worldwide, with a combined 76% share of total exports. The United Arab Emirates, Yemen and Kuwait lagged somewhat behind, together accounting for a further 17%.

In terms of the main countries of destination, Yemen, with a CAGR of +533.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for refractory products of siliceous or diatomite earths stood at $X per ton in 2021, rising by 26% against the previous year. In general, the export price, however, continues to indicate a noticeable slump. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Kuwait ($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 Yemen (+186.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports into Oman

In 2021, imports of refractory products of siliceous or diatomite earths into Oman shrank notably to X tons, with a decrease of -20.8% compared with 2020. In general, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 393% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of refractory products of siliceous or diatomite earths plummeted to $X in 2021. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 142%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of refractory products of siliceous or diatomite earths to Oman, accounting for a 75% share of total imports. Moreover, imports of refractory products of siliceous or diatomite earths from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.3% per year) and India (-6.8% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of refractory products of siliceous or diatomite earths to Oman, comprising 66% of total imports. The second position in the ranking was taken by China ($X), with a 5.1% share of total imports. It was followed by Italy, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.5% per year) and Italy (-3.8% per year).

Import Prices by Country

The average import price for refractory products of siliceous or diatomite earths stood at $X per ton in 2021, which is down by -18.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 51% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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