Oman: Alcohols Market 2024

Alcohols Market Size in Oman

In 2020, the Omani alcohols market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, the total consumption indicated a slight expansion from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by X% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Alcohols Production in Oman

In value terms, alcohols production expanded remarkably to $X in 2020 estimated in export price. Over the period under review, production saw a strong increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Alcohols production peaked in 2020 and is likely to see steady growth in the immediate term.

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Alcohols Exports

Exports from Oman

In 2020, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exported from Oman skyrocketed to X tons, rising by X% compared with the previous year's figure. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, alcohols exports shrank slightly to $X in 2020. In general, total exports indicated notable growth from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019, and then shrank slightly in the following year.

Exports by Country

China (X tons) was the main destination for alcohols exports from Oman, accounting for a X% share of total exports. Moreover, alcohols exports to China exceeded the volume sent to the second major destination, India (X tons), fourfold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Malaysia (X% per year).

In value terms, China ($X) remains the key foreign market for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exports from Oman, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

From 2012 to 2020, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, which is down by X% against the previous year. Overall, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2020, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2020, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Malaysia ($X per ton), while the average price for exports to the United States ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced a decline.

Alcohols Imports

Imports into Oman

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were imported into Oman; with a decrease of X% against 2019 figures. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at X tons in 2019, and then dropped significantly in the following year.

In value terms, alcohols imports stood at $X in 2020. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, China (X tons) constituted the largest alcohols supplier to Oman, accounting for a X% share of total imports. Moreover, alcohols imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2020, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives to Oman, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Korea (X% per year).

Import Prices by Country

The average alcohols import price stood at $X per ton in 2020, rising by X% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, alcohols import price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2020, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was India ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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