Oman: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Oman

The Omani metal-reinforced rubber hose market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, continues to indicate a perceptible descent. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Metal-Reinforced Rubber Hose Exports

Exports from Oman

In 2022, exports of rubber hose reinforced with metal from Oman skyrocketed to X kg, with an increase of 96% against the previous year's figure. In general, exports, however, showed a noticeable decline. Over the period under review, the exports reached the peak figure at X kg in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal-reinforced rubber hose exports dropped to $X in 2022. Overall, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.0% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of 13% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Qatar (X kg) was the main destination for metal-reinforced rubber hose exports from Oman, with a 94% share of total exports. Moreover, metal-reinforced rubber hose exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Qatar stood at -2.5%.

In value terms, Qatar ($X) and the United Arab Emirates ($X) were the largest markets for metal-reinforced rubber hose exported from Oman worldwide.

The United Arab Emirates, with a CAGR of +77.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, reducing by -52% against the previous year. Overall, the export price, however, saw a strong expansion. The growth pace was the most rapid in 2021 when the average export price increased by 128%. As a result, the export price reached the peak level of $X per ton, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Qatar stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+54.6%).

Metal-Reinforced Rubber Hose Imports

Imports into Oman

In 2022, supplies from abroad of rubber hose reinforced with metal was finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a mild increase. The pace of growth appeared the most rapid in 2015 with an increase of 219% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, metal-reinforced rubber hose imports rose slightly to $X in 2022. Overall, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 229% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of metal-reinforced rubber hose to Oman, accounting for a 63% share of total imports. Moreover, metal-reinforced rubber hose imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.7% per year) and China (-1.1% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of rubber hose reinforced with metal to Oman, comprising 51% of total imports. The second position in the ranking was held by India ($X), with an 11% share of total imports. It was followed by China, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.7% per year) and China (-7.3% per year).

Import Prices by Country

In 2022, the average metal-reinforced rubber hose import price amounted to $X per ton, declining by -3% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 7.2%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 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 Australia ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+13.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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