Oman: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Oman

The Omani soap in different forms market declined sharply to $X in 2021, reducing by -21.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a deep setback. Soap in different forms consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Soap In Different Forms

Exports from Oman

In 2021, overseas shipments of soap in different forms increased by 377% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports enjoyed a pronounced increase. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, soap in different forms exports soared to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 304% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Somalia (X tons), the United Arab Emirates (X tons) and Tanzania (X tons) were the main destinations of soap in different forms exports from Oman, together comprising 66% of total exports. Iraq, Yemen, Qatar, Bahrain and Saudi Arabia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Yemen (with a CAGR of +26.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soap in different forms exported from Oman were Somalia ($X), the United Arab Emirates ($X) and Iraq ($X), with a combined 59% share of total exports.

In terms of the main countries of destination, Somalia, with a CAGR of +25.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average soap in different forms export price amounted to $X per ton, with a decrease of -17.6% against the previous year. Over the period under review, the export price saw a pronounced reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by 23%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Somalia ($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 (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap In Different Forms

Imports into Oman

In 2021, purchases abroad of soap in different forms increased by 17% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2017 when imports increased by 193%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, soap in different forms imports contracted to $X in 2021. Over the period under review, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 204% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest soap in different forms supplier to Oman, with a 37% share of total imports. Moreover, soap in different forms imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. Iran (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-25.8% per year) and Iran (+181.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of soap in different forms to Oman, comprising 41% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with an 18% share of total imports. It was followed by Malaysia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-32.4% per year) and Malaysia (-11.8% per year).

Import Prices by Country

The average soap in different forms import price stood at $X per ton in 2021, with a decrease of -24.6% against the previous year. Overall, the import price showed a deep downturn. The pace of growth appeared the most rapid in 2019 an increase of 4.4% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Saudi Arabia ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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