Oman: Synthetic Yarn Market 2025

Synthetic Yarn Market Size in Oman

After two years of growth, the Omani synthetic yarn market decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate a resilient increase. Synthetic yarn consumption peaked at $X in 2021, and then shrank significantly in the following year.

Synthetic Yarn Exports

Exports from Oman

After three years of growth, overseas shipments of yarn of synthetic or artificial staple fibers decreased by X% to X tons in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped remarkably in the following year.

In value terms, synthetic yarn exports reduced to $X in 2022. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Turkey (X tons) was the main destination for synthetic yarn exports from Oman, accounting for a X% share of total exports. It was followed by India (X tons), with a X% share of total exports. Bahrain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Bahrain (X% per year).

In value terms, Turkey ($X) remains the key foreign market for yarn of synthetic or artificial staple fibers exports from Oman, comprising X% of total exports. The second position in the ranking was taken by Jordan ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Bahrain (X% per year).

Export Prices by Country

The average synthetic yarn export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Jordan ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Yarn Imports

Imports into Oman

In 2022, overseas purchases of yarn of synthetic or artificial staple fibers decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed buoyant growth. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, synthetic yarn imports declined remarkably to $X in 2022. Over the period under review, imports, however, showed strong growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of synthetic yarn to Oman, with a X% share of total imports. Moreover, synthetic yarn imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Indonesia (X% per year).

In value terms, India ($X), the United Arab Emirates ($X) and Hungary ($X) were the largest synthetic yarn suppliers to Oman, with a combined X% share of total imports. Indonesia, China, Turkey and Saudi Arabia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average synthetic yarn import price amounted to $X per ton, waning by X% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic yarn import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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