Report Update Nov 1, 2024

Oman - Silver Including Silver Plated With Gold or Platinum - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Silver Market 2024

Silver Market Size in Oman

The Omani silver market shrank notably to $X in 2021, with a decrease of -18.2% against the previous year. In general, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.8% 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 +18.1% against 2015 indices. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Silver Production in Oman

In value terms, silver production declined rapidly to $X in 2021 estimated in export price. Overall, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 +33.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 67% against the previous year. As a result, production reached the peak level of $X, and then dropped remarkably in the following year.

Silver Exports

Exports from Oman

In 2021, shipments abroad of silver including silver plated with gold or platinum increased by 27% to X kg, rising for the second year in a row after three years of decline. In general, exports, however, continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2020 with an increase of 50% against the previous year. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silver exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a precipitous contraction. The growth pace was the most rapid in 2020 with an increase of 131% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for silver exports from Oman, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -35.0%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for silver including silver plated with gold or platinum exports from Oman.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at -34.7%.

Export Prices by Country

In 2021, the average silver export price amounted to $X per ton, increasing by 24% against the previous year. In general, the export price recorded a mild increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 100% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +0.6% per year.

Silver Imports

Imports into Oman

In 2021, overseas purchases of silver including silver plated with gold or platinum decreased by -48% to X kg, falling for the third year in a row after two years of growth. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 812%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, silver imports reduced notably to $X in 2021. Overall, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 952%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Yemen (X kg) constituted the largest supplier of silver to Oman, accounting for a 89% share of total imports. Moreover, silver imports from Yemen exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Yemen totaled +103.5%.

In value terms, Yemen ($X) constituted the largest supplier of silver including silver plated with gold or platinum to Oman, comprising 87% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Yemen stood at +70.1%.

Import Prices by Country

The average silver import price stood at $X per ton in 2021, with an increase of 4.3% against the previous year. Overall, the import price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2020 an increase of 31% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Yemen totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver including silver plated with gold or platinum in the world?

The countries with the highest volumes of silver consumption in 2020 were China, the United States and Canada, with a combined 29% share of global consumption.

What are the largest producers of silver including silver plated with gold or platinum in the world?

The country with the largest volume of silver production was China, accounting for 19% of total volume. Moreover, silver production in China exceeded the figures recorded by the second-largest producer, Japan, twofold. The third position in this ranking was occupied by Mexico, with a 5.9% share.

What are the leading suppliers of silver including silver plated with gold or platinum to Oman?

In value terms, Yemen constituted the largest supplier of silver to Oman, comprising 71% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 22% share of total imports.

What are the leading importers of silver including silver plated with gold or platinum from Oman?

In value terms, the United Arab Emirates remains the key foreign market for silver exports from Oman.

What is the average export price for silver including silver plated with gold or platinum in Oman?

The average silver export price stood at $536 per kg in 2020, almost unchanged from the previous year.

What is the average import price for silver including silver plated with gold or platinum in Oman?

The average silver import price stood at $418 per kg in 2020, dropping by -20.3% against the previous year.

This report provides an in-depth analysis of the silver market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24411030 - Silver, unwrought or in powder form (including plated with gold or platinum)
Prodcom 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023