Oman: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Oman

The Omani man-made filament fabric market surged to $X in 2021, increasing by 24% 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). The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Man-made filament fabric consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Man-Made Filament Fabric Exports

Exports from Oman

In 2021, the amount of woven fabrics of man-made filaments and staple fibers exported from Oman expanded modestly to X tons, rising by 2.7% compared with the year before. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 94% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, man-made filament fabric exports shrank modestly to $X in 2021. Overall, exports posted a perceptible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 112% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Yemen (X tons) was the main destination for man-made filament fabric exports from Oman, with a 115% share of total exports. Moreover, man-made filament fabric exports to Yemen exceeded the volume sent to the second major destination, Somalia (X tons), twofold. Qatar (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to Yemen totaled +133.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+33.4% per year) and Qatar (+12.3% per year).

In value terms, Somalia ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Oman, comprising 77% of total exports. The second position in the ranking was held by Yemen ($X), with a 26% share of total exports. It was followed by Qatar, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to Somalia stood at +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+86.6% per year) and Qatar (+0.2% per year).

Export Prices by Country

The average man-made filament fabric export price stood at $X per ton in 2021, which is down by -6.3% against the previous year. In general, the export price saw a mild downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 34%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Yemen ($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 Iran (+23.2%), while the prices for the other major destinations experienced mixed trend patterns.

Man-Made Filament Fabric Imports

Imports into Oman

In 2021, imports of woven fabrics of man-made filaments and staple fibers into Oman soared to X tons, growing by 24% against the previous year's figure. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 27% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, man-made filament fabric imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 27% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Saudi Arabia (X tons) were the main suppliers of man-made filament fabric imports to Oman, with a combined 80% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +52.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of woven fabrics of man-made filaments and staple fibers to Oman, comprising 46% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by India, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.8% per year) and India (-10.6% per year).

Import Prices by Country

In 2021, the average man-made filament fabric import price amounted to $X per ton, dropping by -4.2% against the previous year. In general, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of 12%. Over the period under review, average import prices hit record highs 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 Japan ($X per ton), while the price for Saudi Arabia ($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 (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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