Oman: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2024

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in Oman

The Omani sulphides, dithionites and sulphoxylates market skyrocketed to $X in 2022, rising by 55% 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 showed measured growth. Sulphides, dithionites and sulphoxylates consumption peaked in 2022 and is likely to continue growth in the immediate term.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports from Oman

For the third year in a row, Oman recorded growth in shipments abroad of sulphides, polysulphides, dithionites and sulphoxylates, which increased by 419% to X tons in 2021. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 433%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, sulphides, dithionites and sulphoxylates exports contracted to $X in 2021. In general, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 110% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Yemen (X tons) was the main destination for sulphides, dithionites and sulphoxylates exports from Oman, with a 99% share of total exports. It was followed by the United Arab Emirates (X tons), with a 1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Yemen amounted to +78.2%.

In value terms, Yemen ($X) emerged as the key foreign market for sulphides, polysulphides, dithionites and sulphoxylates exports from Oman, comprising 90% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Yemen totaled +67.5%.

Export Prices by Country

In 2021, the average sulphides, dithionites and sulphoxylates export price amounted to $X per ton, waning by -81% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 when the average export price decreased by -60.6% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports into Oman

Sulphides, dithionites and sulphoxylates imports into Oman rose notably to X tons in 2022, with an increase of 8.9% on the previous year's figure. Over the period under review, imports saw a moderate expansion. The pace of growth was the most pronounced in 2021 when imports increased by 180%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, sulphides, dithionites and sulphoxylates imports surged to $X in 2022. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 127%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sulphides, dithionites and sulphoxylates to Oman, with a 61% share of total imports. Moreover, sulphides, dithionites and sulphoxylates imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+5.6% per year) and the United States (+89.9% per year).

In value terms, the United Arab Emirates ($X), the United States ($X) and China ($X) were the largest sulphides, dithionites and sulphoxylates suppliers to Oman, with a combined 95% share of total imports.

The United States, with a CAGR of +71.0%, saw 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

The average sulphides, dithionites and sulphoxylates import price stood at $X per ton in 2022, rising by 41% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphides, dithionites and sulphoxylates import price decreased by -8.1% against 2020 indices. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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