Oman: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Oman

In 2021, the Omani textile rubber hose market decreased by -37.7% to $X, falling for the third consecutive year after two years of growth. In general, consumption continues to indicate a drastic downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Textile Rubber Hose Exports

Exports from Oman

In 2021, overseas shipments of rubber hose reinforced with textiles increased by 74% to X tons, rising for the fifth consecutive year after two years of decline. Overall, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 235%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, textile rubber hose exports skyrocketed to $X in 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 625% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

The United Arab Emirates (X tons) was the main destination for textile rubber hose exports from Oman, accounting for a 65% share of total exports. Moreover, textile rubber hose exports to the United Arab Emirates exceeded the volume sent to the second major destination, Yemen (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +181.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-23.2% per year) and Qatar (+9.7% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for rubber hose reinforced with textiles exports from Oman, comprising 74% of total exports. The second position in the ranking was held by Yemen ($X), with a 6.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +143.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-38.4% per year) and Qatar (+3.5% per year).

Export Prices by Country

The average textile rubber hose export price stood at $X per ton in 2021, rising by 17% against the previous year. In general, the export price enjoyed a measured increase. The growth pace was the most rapid in 2013 when the average export price increased by 116%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Yemen ($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 Qatar (-5.6%), while the prices for the other major destinations experienced a decline.

Textile Rubber Hose Imports

Imports into Oman

In 2021, approx. X tons of rubber hose reinforced with textiles were imported into Oman; shrinking by -29.5% on 2020. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 52%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, textile rubber hose imports shrank remarkably to $X in 2021. In general, imports saw a pronounced reduction. The growth pace was the most rapid in 2013 with an increase of 107% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest textile rubber hose supplier to Oman, with a 72% share of total imports. Moreover, textile rubber hose imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Norway (X tons), sixfold. The third position in this ranking was taken by Japan (X tons), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-22.2% per year) and Japan (+3.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of rubber hose reinforced with textiles to Oman, comprising 68% of total imports. The second position in the ranking was taken by Japan ($X), with a 5.6% share of total imports. It was followed by Norway, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.4% per year) and Norway (-24.4% per year).

Import Prices by Country

The average textile rubber hose import price stood at $X per ton in 2021, which is down by -8% against the previous year. Overall, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, textile rubber hose import price decreased by -23.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 51% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for India ($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 United Arab Emirates (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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