Oman: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Oman

In 2021, the Omani non-reinforced rubber tubing market decreased by -4.9% to $X for the first time since 2018, thus ending a two-year rising trend. In general, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +27.1% against 2018 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Non-Reinforced Rubber Tubing Exports

Exports from Oman

In 2021, overseas shipments of rubber tubing not reinforced increased by 193% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, faced a precipitous descent. The most prominent rate of growth was recorded in 2020 when exports increased by 347%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-reinforced rubber tubing exports soared to $X in 2021. In general, exports, however, faced a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 317%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

India (X kg) was the main destination for non-reinforced rubber tubing exports from Oman, with a 64% share of total exports. Moreover, non-reinforced rubber tubing exports to India exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), twofold. The UK (X kg) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India stood at +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-14.5% per year) and the UK (+900.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for rubber tubing not reinforced exports from Oman, comprising 66% of total exports. The second position in the ranking was held by India ($X), with an 18% share of total exports. It was followed by the UK, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+20.4% per year) and the UK (+763.0% per year).

Export Prices by Country

The average non-reinforced rubber tubing export price stood at $X per ton in 2021, picking up by 25% against the previous year. Over the period under review, the export price showed a strong increase. The growth pace was the most rapid in 2017 when the average export price increased by 66%. The export price peaked at $X per ton in 2018; however, from 2019 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 Hong Kong SAR ($X per ton), while the average price for exports to India ($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 Hong Kong SAR (+77.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Reinforced Rubber Tubing Imports

Imports into Oman

In 2021, supplies from abroad of rubber tubing not reinforced decreased by -5.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 84%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, non-reinforced rubber tubing imports fell to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 50%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Indonesia (X tons) and China (X tons) were the main suppliers of non-reinforced rubber tubing imports to Oman, together accounting for 93% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +84.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest non-reinforced rubber tubing suppliers to Oman were Indonesia ($X), the United Arab Emirates ($X) and China ($X), together accounting for 83% of total imports.

Indonesia, with a CAGR of +65.6%, saw 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

In 2021, the average non-reinforced rubber tubing import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price, however, saw a deep reduction. The growth pace was the most rapid in 2015 when the average import price increased by 22% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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