Oman: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Oman

In 2021, the Omani market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles decreased by -37.5% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, recorded a buoyant increase. Consumption of peaked at $X in 2020, and then contracted remarkably in the following year.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Oman

After three years of growth, overseas shipments of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles decreased by -21.9% to X tons in 2021. Overall, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2019 when exports increased by 309%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles rose to $X in 2021. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2019 when exports increased by 176%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Qatar (X tons) were the main destinations of exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Oman, with a combined 95% share 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 Saudi Arabia (with a CAGR of +12.9%), while the other leaders experienced a decline.

In value terms, the largest markets for glass fibre filament, roving, and staple glass fibre article exported from Oman were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), together comprising 88% of total exports.

Saudi Arabia, with a CAGR of +4.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, with an increase of 30% against the previous year. Overall, the export price, however, showed a slight contraction. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+1.1%), while the prices for the other major destinations experienced a decline.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Oman

In 2021, after two years of growth, there was significant decline in supplies from abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, when their volume decreased by -43.8% to X tons. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 70% against the previous year. Imports peaked at X tons in 2020, and then contracted notably in the following year.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles reduced sharply to $X in 2021. In general, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by 79% against the previous year. Imports peaked at $X in 2020, and then declined rapidly in the following year.

Imports by Country

China (X tons), Bahrain (X tons) and Saudi Arabia (X tons) were the main suppliers of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Oman, with a combined 83% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +45.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre filament, roving, and staple glass fibre article suppliers to Oman were China ($X), Bahrain ($X) and the United Arab Emirates ($X), with a combined 68% share of total imports. These countries were followed by Saudi Arabia and India, which together accounted for a further 18%.

Saudi Arabia, with a CAGR of +41.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, rising by 18% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 25%. The import price peaked at $X per ton in 2016; however, from 2017 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 the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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