Oman: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in Oman

The Omani rosin and resin acids market expanded notably to $X in 2022, growing by X% against the previous year. In general, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Rosin And Resin Acids And Derivatives in Oman

In value terms, rosin and resin acids production rose markedly to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Rosin And Resin Acids And Derivatives

Exports from Oman

In 2022, overseas shipments of rosin and resin acids and derivatives decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then declined markedly in the following year.

In value terms, rosin and resin acids exports fell significantly to $X in 2022. Over the period under review, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for rosin and resin acids exports from Oman, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%.

In value terms, China ($X) also remains the key foreign market for rosin and resin acids and derivatives exports from Oman.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%.

Export Prices by Country

In 2022, the average rosin and resin acids export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Imports of Rosin And Resin Acids And Derivatives

Imports into Oman

For the fourth consecutive year, Oman recorded decline in supplies from abroad of rosin and resin acids and derivatives, which decreased by X% to X tons in 2022. Overall, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, rosin and resin acids imports shrank to $X in 2022. In general, imports recorded a mild descent. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X tons) constituted the largest rosin and resin acids supplier to Oman, with a X% share of total imports. Moreover, rosin and resin acids imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. India (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and India (X% per year).

In value terms, Sweden ($X) constituted the largest supplier of rosin and resin acids and derivatives to Oman, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average rosin and resin acids import price amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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