Oman: Organic Pigments Market 2024

Organic Pigments Market Size in Oman

The Omani organic pigments market shrank to $X in 2021, with a decrease of -13.8% against the previous year. In general, consumption, however, showed a strong expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Organic Pigments Production in Oman

In value terms, organic pigments production shrank significantly to $X in 2021 estimated in export price. Overall, production, however, posted noticeable growth. The growth pace was the most rapid in 2020 when the production volume increased by 214% against the previous year. Organic pigments production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Organic Pigments Exports

Exports from Oman

In 2021, overseas shipments of synthetic organic coloring matter and pigments increased by 99% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a modest expansion. The pace of growth was the most pronounced in 2017 with an increase of 459% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, organic pigments exports surged to $X in 2021. Overall, exports posted a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by 352% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Qatar (X tons), Pakistan (X tons) and Yemen (X tons) were the main destinations of organic pigments exports from Oman.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of +580.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organic pigments exported from Oman were Qatar ($X), Pakistan ($X) and Yemen ($X).

In terms of the main countries of destination, Pakistan, with a CAGR of +459.7%, 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 organic pigments export price amounted to $X per ton, falling by -1.6% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, organic pigments export price increased by +63.7% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 36%. As a result, the export price attained the peak level of $X per ton, and then contracted slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates ($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 Qatar (+2.0%), while the prices for the other major destinations experienced a decline.

Organic Pigments Imports

Imports into Oman

Organic pigments imports into Oman was estimated at X tons in 2021, remaining constant against 2020. In general, imports saw a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by 80% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, organic pigments imports rose rapidly to $X in 2021. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 71% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of organic pigments to Oman, with a 61% share of total imports. Moreover, organic pigments imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was held by Italy (X tons), with a 1.4% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+14.8% per year) and Italy (+9.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of synthetic organic coloring matter and pigments to Oman, comprising 73% of total imports. The second position in the ranking was held by India ($X), with an 11% share of total imports. It was followed by Italy, with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.8% per year) and Italy (+0.9% per year).

Import Prices by Country

In 2021, the average organic pigments import price amounted to $X per ton, rising by 8.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 49%. The import price peaked at $X per ton in 2014; however, from 2015 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 Saudi Arabia ($X per ton), while the price for Italy ($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 (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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