Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Oman - 2022
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Oman (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Oman (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Oman
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Oman
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Oman (CIF) - 2022
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $2,916 per ton in December 2022, dropping by -27.4% against the previous month. In general, the import price showed a mild descent. The pace of growth appeared the most rapid in June 2022 when the average import price increased by 55% month-to-month. As a result, import price reached the peak level of $4,194 per ton. From July 2022 to December 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United Arab Emirates ($5,294 per ton), while the price for Qatar ($1,674 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by India (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Oman (FOB) - 2022
In December 2022, the average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $7,513 per ton, with a decrease of -10.7% against the previous month. In general, the export price saw a slight contraction. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 414% month-to-month. Over the period under review, the average export prices hit record highs at $8,548 per ton in January 2022; however, from February 2022 to December 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In December 2022, the countries with the highest prices were Saudi Arabia ($8,548 per ton) and Iran ($8,548 per ton), while the average price for exports to the United Arab Emirates ($6,181 per ton) and Qatar ($7,409 per ton) were amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Oman
For the third consecutive year, Oman recorded decline in overseas purchases of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics), which decreased by -27.4% to 8.3K tons in 2022. Over the period under review, imports saw a sharp setback. The smallest decline of -12.1% was in 2020.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) dropped dramatically to $18M in 2022. Overall, imports recorded a deep slump. The smallest decline of -1% was in 2021.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 15.3 | 8.3 | 5.9 | 5.9 | -27.2% |
| China | 4.9 | 3.7 | 5.1 | 5.8 | 5.8% |
| Bahrain | 2.3 | 3.4 | 2.0 | 2.4 | 1.4% |
| Saudi Arabia | 1.6 | 2.4 | 6.2 | 1.3 | -6.7% |
| Kuwait | 2.1 | 2.1 | 0.9 | 0.7 | -30.7% |
| India | 0.7 | 0.2 | 0.5 | 0.5 | -10.6% |
| Others | 1.9 | 2.2 | 1.6 | 1.5 | -7.6% |
| Total | 28.9 | 22.4 | 22.1 | 18.0 | -14.6% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Oman in 2022:
- China (3.9K tons)
- United Arab Emirates (2.0K tons)
- Bahrain (1.4K tons)
- Saudi Arabia (0.2K tons)
- India (0.2K tons)
- Kuwait (0.2K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Oman
In 2022, shipments abroad of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) decreased by -1.5% to 1.4K tons, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 64%. As a result, the exports attained the peak of 4.1K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) skyrocketed to $2.6M in 2022. Overall, exports recorded a slight descent.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 453 | 841 | 165 | 1,313 | 42.6% |
| United Arab Emirates | 1,088 | 2,192 | 668 | 616 | -17.3% |
| Qatar | 348 | 200 | 127 | 492 | 12.2% |
| Yemen | 489 | 371 | 155 | 7.4 | -75.3% |
| Others | 332 | 150 | 248 | 182 | -18.2% |
| Total | 2,710 | 3,755 | 1,363 | 2,610 | -1.2% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Oman in 2022:
- Saudi Arabia (802.4 tons)
- United Arab Emirates (409.8 tons)
- Qatar (133.9 tons)
- Yemen (10.7 tons)
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