Oman: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Oman

The Omani market for unsaturated polyesters in primary forms was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption saw a mild downturn. Unsaturated polyesters in primary forms consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Unsaturated Polyesters In Primary Forms in Oman

In value terms, unsaturated polyesters in primary forms production soared to $X in 2021 estimated in export price. Overall, production, however, saw a dramatic downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 548% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Oman

In 2021, exports of unsaturated polyesters in primary forms from Oman totaled X tons, picking up by 1.8% against 2020 figures. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of 672% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, unsaturated polyesters in primary forms exports rose sharply to $X in 2021. Over the period under review, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2016 when exports increased by 375% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Yemen (X tons), Qatar (X tons) and India (X tons) were the main destinations of unsaturated polyesters in primary forms exports from Oman, together accounting for 96% 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 India (with a CAGR of +71.0%), while the other leaders experienced more modest paces of growth.

In value terms, Yemen ($X), Qatar ($X) and India ($X) constituted the largest markets for unsaturated polyesters in primary forms exported from Oman worldwide, together comprising 90% of total exports.

Among the main countries of destination, India, with a CAGR of +57.3%, 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

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2021, growing by 4.4% against the previous year. In general, the export price, however, saw a deep reduction. The pace of growth appeared the most rapid in 2018 an increase of 45% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the 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 Poland ($X per ton), while the average price for exports to Yemen ($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 Yemen (+2.2%), while the prices for the other major destinations experienced a decline.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Oman

Unsaturated polyesters in primary forms imports into Oman fell to X tons in 2021, declining by -12.8% compared with 2020. Overall, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of 92% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, unsaturated polyesters in primary forms imports rose sharply to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.1% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 44%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest unsaturated polyesters in primary forms supplier to Oman, accounting for a 83% share of total imports. Moreover, unsaturated polyesters in primary forms imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Saudi Arabia (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+79.4% per year) and Saudi Arabia (+22.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of unsaturated polyesters in primary forms to Oman, comprising 86% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 4% share of total imports. It was followed by Kuwait, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+20.3% per year) and Kuwait (+22.0% per year).

Import Prices by Country

In 2021, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, growing by 22% against the previous year. Overall, the import price, however, showed a pronounced curtailment. The growth pace was the most rapid in 2018 an increase of 31% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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