Oman - Crude Oil and Processed Petroleum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Crude Oil and Processed Petroleum in Oman - 2021
Contents:
- Price for Crude Oil and Processed Petroleum in Oman (FOB) - 2022
- Price for Crude Oil and Processed Petroleum in Oman (CIF) - 2022
- Exports of Crude Oil and Processed Petroleum in Oman
- Imports of Crude Oil and Processed Petroleum in Oman
Price for Crude Oil and Processed Petroleum in Oman (FOB) - 2022
The average export price for crude oil and processed petroleum stood at $393 per ton in 2022, waning by -13% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the average export price increased by 935% against the previous year. As a result, the export price attained the peak level of $8,791 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to +116.2% per year.
Price for Crude Oil and Processed Petroleum in Oman (CIF) - 2022
The average import price for crude oil and processed petroleum stood at $296 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 37%. The import price peaked at $979 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 the Netherlands ($797 per ton), while the price for Qatar ($254 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.7%), while the prices for the other major suppliers experienced a decline.
Exports of Crude Oil and Processed Petroleum in Oman
After three years of growth, shipments abroad of crude oil and processed petroleum decreased by -0.1% to 46M tons in 2022. The total export volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 3.9%.
In value terms, crude oil and processed petroleum exports dropped to $18B in 2022. In general, exports showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 35%.
| Export of Crude Oil and Processed Petroleum in Oman (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.2 | 0.1 | 0.2 | 18.0 | 348.1% |
| Others | 21.4 | 15.2 | 20.5 | N/A | -2.1% |
| Total | 21.5 | 15.3 | 20.7 | 18.0 | -5.8% |
Top Export Markets for Crude Oil and Processed Petroleum from Oman in 2022:
- United Arab Emirates (45.7M tons)
Imports of Crude Oil and Processed Petroleum in Oman
In 2022, overseas purchases of crude oil and processed petroleum decreased by -20.7% to 4.3M tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 71% against the previous year. As a result, imports reached the peak of 5.4M tons, and then shrank remarkably in the following year.
In value terms, crude oil and processed petroleum imports contracted remarkably to $1.3B in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 71%. As a result, imports attained the peak of $1.6B, and then declined dramatically in the following year.
| Import of Crude Oil and Processed Petroleum in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 326 | 517 | 488 | 746 | 31.8% |
| Qatar | 76.0 | N/A | 229 | 129 | 19.3% |
| Singapore | 30.9 | 36.6 | 80.8 | 100 | 47.9% |
| United Arab Emirates | 366 | 226 | 363 | 87.3 | -38.0% |
| China | 21.9 | 0.7 | 3.7 | 33.3 | 15.0% |
| Malaysia | 13.3 | 0.1 | 84.9 | 27.0 | 26.6% |
| Russia | 115 | 38.6 | 1.1 | N/A | -90.2% |
| Saudi Arabia | N/A | N/A | 122 | N/A | 0% |
| Others | 303 | 118 | 228 | 146 | -21.6% |
| Total | 1,252 | 937 | 1,601 | 1,269 | 0.5% |
Top Suppliers of Crude Oil and Processed Petroleum to Oman in 2022:
- India (2403.8K tons)
- Qatar (507.7K tons)
- Singapore (352.2K tons)
- United Arab Emirates (310.0K tons)
- China (123.0K tons)
- Malaysia (92.2K tons)
This report provides an in-depth analysis of the market for crude oil and processed petroleum in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Oman
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for crude oil and processed petroleum in Oman.
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This report provides an in-depth analysis of the crude oil market in Oman.
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This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
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This report provides an in-depth analysis of the global crude oil market.
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This report provides an in-depth analysis of the market for crude oil and processed petroleum in Oman.
452
This report provides an in-depth analysis of the crude oil market in Oman.
146
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
415
This report provides an in-depth analysis of the global crude oil market.
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Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
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Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
