Oman: Veneer Sheet Market 2024

Veneer Sheet Market Size in Oman

The Omani veneer sheet market declined modestly to $X in 2023, dropping by X% 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). Overall, consumption showed a abrupt setback. Veneer sheet consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Veneer Sheet Exports

Exports from Oman

In 2023, after three years of decline, there was growth in shipments abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise, when their volume increased by X% to X square meters. Over the period under review, exports saw a moderate increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X square meters in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, veneer sheet exports declined to $X in 2023. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for veneer sheet exports from Oman, accounting for a X% share of total exports. Moreover, veneer sheet exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X square meters), twofold.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%.

In value terms, Qatar ($X) and the United Arab Emirates ($X) constituted the largest markets for veneer sheet exported from Oman worldwide.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average veneer sheet export price stood at $X per square meter in 2023, with a decrease of X% against the previous year. In general, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per square meter. From 2021 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per square meter), while the average price for exports to the United Arab Emirates amounted to $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheet Imports

Imports into Oman

In 2023, imports of veneer sheets and sheets for plywood and other wood sawn lengthwise into Oman reduced to X square meters, with a decrease of X% against the previous year's figure. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X square meters. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, veneer sheet imports reduced to $X in 2023. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Indonesia (X square meters) constituted the largest veneer sheet supplier to Oman, accounting for a X% share of total imports. Moreover, veneer sheet imports from Indonesia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X square meters), eightfold. Chile (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Chile (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of veneer sheets and sheets for plywood and other wood sawn lengthwise to Oman, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Romania, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Romania (X% per year).

Import Prices by Country

In 2023, the average veneer sheet import price amounted to $X per square meter, picking up by X% against the previous year. In general, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per square meter in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform