Oman: Paper Bag Market 2024

Paper Bag Market Size in Oman

The Omani paper bag market reduced slightly to $X in 2021, waning by -4.5% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +6.6% against 2019 indices. Paper bag consumption peaked at $X in 2020, and then declined modestly in the following year.

Paper Bag Production in Oman

In value terms, paper bag production declined to $X in 2021 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +5.8% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 110%. Paper bag production peaked at $X in 2020, and then declined in the following year.

Paper Bag Exports

Exports from Oman

Paper bag exports from Oman contracted to X tons in 2021, declining by -5.5% compared with 2020 figures. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -31.9% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of 70% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, paper bag exports fell to $X in 2021. The total export value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 32%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Qatar (X tons) and Saudi Arabia (X tons) were the main destinations of paper bag exports from Oman, together comprising 72% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +52.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paper bag exported from Oman were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), together accounting for 76% of total exports.

Qatar, with a CAGR of +44.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average paper bag export price stood at $X per ton in 2021, reducing by -5.2% against the previous year. Overall, the export price saw a slight setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 13% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Yemen ($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 Bahrain (-0.5%), while the prices for the other major destinations experienced a decline.

Paper Bag Imports

Imports into Oman

After two years of growth, purchases abroad of sacks and bags of paper decreased by -4.1% to X tons in 2021. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 25%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, paper bag imports totaled $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 22% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of paper bag to Oman, with a 79% share of total imports. Moreover, paper bag imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), ninefold. The third position in this ranking was held by India (X tons), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+0.7% per year) and India (+8.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of sacks and bags of paper to Oman, comprising 64% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 17% share of total imports. It was followed by China, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+3.3% per year) and China (+18.4% per year).

Import Prices by Country

The average paper bag import price stood at $X per ton in 2021, with an increase of 5.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 12% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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