Oman: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Oman

In 2022, the Omani market for rigid tubes, pipes and hoses, of other polymers decreased by -12% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption continues to indicate a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted in the following year.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in Oman

In value terms, production of rigid tubes, pipes and hoses, of other polymers rose rapidly to $X in 2022 estimated in export price. In general, production continues to indicate a remarkable increase. The growth pace was the most rapid in 2013 when the production volume increased by 73%. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports from Oman

Exports of rigid tubes, pipes and hoses, of other polymers from Oman surged to X tons in 2022, picking up by 24% against the year before. Overall, exports, however, recorded a deep slump. The growth pace was the most rapid in 2019 with an increase of 150% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers reduced to $X in 2022. In general, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 232%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Yemen (X tons) was the main destination for exports of rigid tubes, pipes and hoses, of other polymers from Oman, accounting for a 86% share of total exports. Moreover, exports of rigid tubes, pipes and hoses, of other polymers to Yemen exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was held by Qatar (X tons), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to Yemen amounted to +99.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.5% per year) and Qatar (-20.5% per year).

In value terms, Yemen ($X) remains the key foreign market for rigid tubes, pipes and hoses, of other polymers exports from Oman, comprising 83% of total exports. The second position in the ranking was taken by the United States ($X), with a 10% share of total exports. It was followed by Qatar, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen totaled +65.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.9% per year) and Qatar (-25.7% per year).

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, falling by -27.1% against the previous year. In general, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 43%. The export price peaked at $X per ton in 2012; however, from 2013 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 Saudi Arabia ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.2%), while the prices for the other major destinations experienced a decline.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports into Oman

For the third year in a row, Oman recorded growth in overseas purchases of rigid tubes, pipes and hoses, of other polymers, which increased by 3.5% to X tons in 2022. In general, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 37% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers soared to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 133% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest rigid tubes, pipes and hoses, of other polymers supplier to Oman, with a 62% share of total imports. Moreover, imports of rigid tubes, pipes and hoses, of other polymers from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Egypt (X tons), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.0% per year) and Egypt (+12.2% per year).

In value terms, the United Arab Emirates ($X), China ($X) and the United States ($X) appeared to be the largest rigid tubes, pipes and hoses, of other polymers suppliers to Oman, together comprising 85% of total imports.

Among the main suppliers, China, with a CAGR of +21.6%, recorded the highest rates of growth with regard to the value of imports, 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 rigid tubes, pipes and hoses, of other polymers stood at $X per ton in 2022, rising by 21% against the previous year. In general, the import price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 70%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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