Oman: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Oman

The Omani cellulose fibrecement sheet market shrank to $X in 2022, waning by -11.1% against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.6% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Cellulose Fibrecement Sheet Production in Oman

In value terms, cellulose fibrecement sheet production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2013 when the production volume increased by 352% against the previous year. Cellulose fibrecement sheet production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Cellulose Fibrecement Sheet Exports

Exports from Oman

After two years of growth, overseas shipments of sheets, panels and tiles of cellulose fibrecement decreased by -22.4% to X tons in 2022. In general, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 423% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, cellulose fibrecement sheet exports reached $X in 2022. Over the period under review, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 653% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Somalia (X tons), Qatar (X tons) and the United Arab Emirates (X tons) were the main destinations of cellulose fibrecement sheet exports from Oman, with a combined 99.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of -0.3%), while shipments for the other leaders experienced a decline.

In value terms, Somalia ($X) remains the key foreign market for sheets, panels and tiles of cellulose fibrecement exports from Oman, comprising 70% of total exports. The second position in the ranking was held by Qatar ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Somalia amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-3.4% per year) and the United Arab Emirates (-17.9% per year).

Export Prices by Country

The average cellulose fibrecement sheet export price stood at $X per ton in 2022, growing by 31% against the previous year. In general, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2017 an increase of 154% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cellulose Fibrecement Sheet Imports

Imports into Oman

Cellulose fibrecement sheet imports into Oman fell to X tons in 2022, dropping by -10.1% against the year before. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 90%. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, cellulose fibrecement sheet imports contracted to $X in 2022. In general, imports saw a perceptible decrease. The growth pace was the most rapid in 2014 with an increase of 69%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India (X tons), the United Arab Emirates (X tons) and Turkey (X tons) were the main suppliers of cellulose fibrecement sheet imports to Oman, together accounting for 89% of total imports. These countries were followed by Egypt, which accounted for a further 5.4%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +47.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cellulose fibrecement sheet suppliers to Oman were India ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined 90% share of total imports. These countries were followed by Egypt, which accounted for a further 3.8%.

In terms of the main suppliers, Egypt, with a CAGR of +41.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cellulose fibrecement sheet import price amounted to $X per ton, with an increase of 1.7% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2018 an increase of 6.1% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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