Oman - Formic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Formic Acid, Its Salts and Esters in Oman - 2022
Contents:
- Price for Formic Acid, Its Salts and Esters in Oman (CIF) - 2022
- Price for Formic Acid, Its Salts and Esters in Oman (FOB) - 2022
- Imports of Formic Acid, Its Salts and Esters in Oman
- Exports of Formic Acid, Its Salts and Esters in Oman
Price for Formic Acid, Its Salts and Esters in Oman (CIF) - 2022
The average import price for formic acid, its salts and esters stood at $4,266 per ton in 2022, growing by 91% against the previous year. Overall, the import price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2014 an increase of 838%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,942 per ton), while the price for the United Arab Emirates ($1,037 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Formic Acid, Its Salts and Esters in Oman (FOB) - 2022
The average export price for formic acid, its salts and esters stood at $981 per ton in 2022, which is down by -56.3% against the previous year. In general, the export price recorded a drastic downturn. The growth pace was the most rapid in 2021 an increase of 38%. Over the period under review, the average export prices reached the maximum at $2,375 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Iran.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -72.6% per year.
Imports of Formic Acid, Its Salts and Esters in Oman
In 2022, overseas purchases of formic acid, its salts and esters decreased by -22.3% to 333 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 139%. As a result, imports reached the peak of 428 tons, and then reduced dramatically in the following year.
In value terms, imports of formic acid, its salts and esters surged to $1.4M in 2022. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 186%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Formic Acid, Its Salts and Esters in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 90.5 | 121 | 380 | 656 | 93.5% |
| United Arab Emirates | 167 | 20.6 | 89.9 | 552 | 49.0% |
| India | 2.2 | 7.7 | 11.5 | 82.6 | 234.9% |
| China | 45.6 | 44.1 | 238 | 69.0 | 14.8% |
| Canada | N/A | N/A | N/A | 57.7 | 0% |
| Norway | N/A | 25.7 | N/A | N/A | 0% |
| Germany | 13.2 | 8.2 | 14.9 | N/A | 6.2% |
| Others | 5.9 | 106 | 220 | 1.9 | -31.5% |
| Total | 324 | 333 | 954 | 1,419 | 63.6% |
Top Suppliers of Formic Acid, Its Salts and Esters to Oman in 2022:
- United Arab Emirates (532.3 tons)
- United Kingdom (237.1 tons)
- Canada (44.4 tons)
- China (37.6 tons)
- India (28.1 tons)
Exports of Formic Acid, Its Salts and Esters in Oman
In 2022, overseas shipments of formic acid, its salts and esters decreased by -83% to 3.3 tons for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a dramatic contraction. The growth pace was the most rapid in 2021 when exports increased by 159%. As a result, the exports attained the peak of 19 tons, and then plummeted in the following year.
In value terms, exports of formic acid, its salts and esters dropped notably to $3.2K in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 258% against the previous year. As a result, the exports attained the peak of $44K, and then declined markedly in the following year.
| Export of Formic Acid, Its Salts and Esters in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | N/A | N/A | N/A | 3.2 | 0% |
| Somalia | N/A | N/A | 2.7 | N/A | 0% |
| Djibouti | N/A | 38.4 | N/A | N/A | 0% |
| Brunei Darussalam | N/A | N/A | 27.8 | N/A | 0% |
| United Arab Emirates | 54.3 | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | 34.4 | N/A | 0% |
| Others | -54.3 | -26.2 | -21.3 | N/A | -37.4% |
| Total | N/A | 12.2 | 43.5 | 3.2 | -48.8% |
Top Export Markets for Formic Acid, Its Salts and Esters from Oman in 2022:
- Iran (3.3 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters 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:
- Prodcom 20143250 - Formic acid, its salts and esters
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
-
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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