Oman: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Oman

The Omani ethylene polymer rigid pipes market contracted to $X in 2021, waning by -8.6% against the previous year. Overall, consumption, however, continues to indicate resilient growth. Over the period under review, the market attained the peak level at $X in 2020, and then dropped in the following year.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Oman

In value terms, ethylene polymer rigid pipes production declined to $X in 2021 estimated in export price. Over the period under review, production, however, saw a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 78%. Ethylene polymer rigid pipes production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Oman

In 2021, the amount of rigid tubes, pipes and hoses of polymers of ethylene exported from Oman plummeted to X tons, which is down by -22% on the previous year. In general, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 187% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, ethylene polymer rigid pipes exports contracted to $X in 2021. Over the period under review, exports, however, saw strong growth. The growth pace was the most rapid in 2015 when exports increased by 231%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Qatar (X tons) and Saudi Arabia (X tons) were the main destinations of ethylene polymer rigid pipes exports from Oman, with a combined 46% share of total exports. Kuwait, Jordan, Iraq, Egypt, Pakistan and Somalia lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +164.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethylene polymer rigid pipes exported from Oman were Qatar ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined 42% share of total exports. These countries were followed by Egypt, Iraq, Pakistan, Jordan, Kuwait and Somalia, which together accounted for a further 52%.

Egypt, with a CAGR of +187.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ethylene polymer rigid pipes export price amounted to $X per ton, increasing by 12% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 70%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, 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 Egypt ($X per ton), while the average price for exports to Kuwait ($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 Egypt (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Oman

In 2021, overseas purchases of rigid tubes, pipes and hoses of polymers of ethylene decreased by -22.5% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a pronounced curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 120% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, ethylene polymer rigid pipes imports contracted to $X in 2021. In general, imports saw a abrupt contraction. The growth pace was the most rapid in 2019 when imports increased by 259% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the main suppliers of ethylene polymer rigid pipes imports to Oman, together accounting for 82% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +122.5%), while imports for the other leaders experienced a decline.

In value terms, Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) appeared to be the largest ethylene polymer rigid pipes suppliers to Oman, together comprising 68% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +83.4%, 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 a decline.

Import Prices by Country

In 2021, the average ethylene polymer rigid pipes import price amounted to $X per ton, increasing by 22% against the previous year. Overall, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2019 an increase of 63% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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