Oman: Sack And Bag Market 2024

Sack And Bag Market Size in Oman

The Omani sack and bag market stood at $X in 2022, growing by X% against the previous year. Over the period under review, consumption enjoyed a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Sack And Bag Production in Oman

In value terms, sack and bag production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Sack and bag production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sack And Bag Exports

Exports from Oman

In 2022, the amount of sacks and bags exported from Oman expanded modestly to X tons, with an increase of X% compared with the previous year's figure. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, sack and bag exports contracted to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank slightly in the following year.

Exports by Country

Mozambique (X tons), the United Arab Emirates (X tons) and Jordan (X tons) were the main destinations of sack and bag exports from Oman, together accounting for X% of total exports. Qatar and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for sacks and bags exports from Oman, comprising X% of total exports. The second position in the ranking was taken by Mozambique ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Jordan (X% per year).

Export Prices by Country

The average sack and bag export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price saw a perceptible contraction. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

Sack And Bag Imports

Imports into Oman

Sack and bag imports into Oman expanded to X tons in 2022, growing by X% compared with 2021. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sack and bag imports fell to $X in 2022. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

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

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

In value terms, India ($X) constituted the largest supplier of sacks and bags to Oman, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

Import Prices by Country

The average sack and bag import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. 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 stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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