Oman: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Oman

The Omani vulcanised cellular rubber articles market dropped to $X in 2021, falling by -6.4% 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). In general, consumption, however, showed a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Oman

Vulcanised cellular rubber articles exports from Oman skyrocketed to X tons in 2021, increasing by 211% on 2020 figures. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 397% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, vulcanised cellular rubber articles exports surged to $X in 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 478% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Yemen (X tons) was the main destination for vulcanised cellular rubber articles exports from Oman, accounting for a 78% share of total exports. Moreover, vulcanised cellular rubber articles exports to Yemen exceeded the volume sent to the second major destination, Qatar (X kg), fourfold. Somalia (X kg) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to Yemen amounted to +59.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+15.7% per year) and Somalia (0.0% per year).

In value terms, the largest markets for vulcanised cellular rubber articles exported from Oman were Yemen ($X), Qatar ($X) and the United Arab Emirates ($X), with a combined 98% share of total exports.

In terms of the main countries of destination, Yemen, with a CAGR of +83.1%, saw 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 vulcanised cellular rubber articles export price amounted to $X per ton, reducing by -42% against the previous year. Over the period under review, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 98%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Yemen ($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 the United Arab Emirates (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Oman

In 2021, the amount of vulcanised cellular rubber articles for technical uses imported into Oman fell rapidly to X tons, which is down by -15.6% compared with the previous year. In general, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by 102%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, vulcanised cellular rubber articles imports fell modestly to $X in 2021. Overall, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by 84%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest vulcanised cellular rubber articles supplier to Oman, with a 74% share of total imports. Moreover, vulcanised cellular rubber articles imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+55.5% per year) and Thailand (+10.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of vulcanised cellular rubber articles for technical uses to Oman, comprising 64% of total imports. The second position in the ranking was held by China ($X), with an 8.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+38.3% per year) and Thailand (+8.2% per year).

Import Prices by Country

The average vulcanised cellular rubber articles import price stood at $X per ton in 2021, with an increase of 14% against the previous year. In general, the import price, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 20%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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