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

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

The Omani market for rigid tubes, pipes and hoses of polymers of vinyl chloride skyrocketed to $X in 2022, with an increase of 24% against the previous year. Over the period under review, consumption posted a perceptible increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Oman

In value terms, vinyl chloride polymer rigid pipes production amounted to $X in 2022 estimated in export price. Overall, production enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 42%. Vinyl chloride polymer rigid pipes production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Oman

In 2022, the amount of rigid tubes, pipes and hoses of polymers of vinyl chloride exported from Oman shrank notably to X tons, waning by -33.7% against 2021. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 674% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined rapidly in the following year.

In value terms, vinyl chloride polymer rigid pipes exports declined significantly to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 634% against the previous year. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Oman, with a 58% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), fivefold. Bahrain (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+72.4% per year) and Bahrain (+30.2% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Oman, comprising 52% of total exports. The second position in the ranking was held by Qatar ($X), with a 23% share of total exports. It was followed by Bahrain, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+70.3% per year) and Bahrain (+30.2% per year).

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, falling by -3.6% against the previous year. Overall, the export price showed a pronounced descent. The pace of growth was the most pronounced in 2021 when the average export price increased by 18% against the previous year. 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 Qatar ($X per ton), while the average price for exports to Somalia ($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 Bahrain (+0.0%), while the prices for the other major destinations experienced a decline.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Oman

After three years of growth, purchases abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -8.7% to X tons in 2022. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 105%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2014 when imports increased by 105% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), the United Arab Emirates (X tons) and Turkey (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Oman, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +28.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the United Arab Emirates ($X) and Turkey ($X) constituted the largest vinyl chloride polymer rigid pipes suppliers to Oman, together accounting for 90% of total imports.

India, with a CAGR of +28.6%, 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 mixed trend patterns.

Import Prices by Country

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, falling by -6.4% against the previous year. In general, the import price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2018 an increase of 31%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 India ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :