Oman: Amino-Resin Market 2024

Amino-Resin Market Size in Oman

The Omani amino-resin market skyrocketed to $X in 2022, jumping by X% against the previous year. In general, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Amino-Resin Production in Oman

In value terms, amino-resin production stood at $X in 2022 estimated in export price. Overall, production showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Amino-Resin Exports

Exports from Oman

In 2022, after four years of growth, there was significant decline in shipments abroad of amino-resins, phenolic resins and polyurethanes (in primary forms), when their volume decreased by X% to X tons. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted sharply in the following year.

In value terms, amino-resin exports dropped notably to $X in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Bangladesh (X tons) was the main destination for amino-resin exports from Oman, with a X% share of total exports. Moreover, amino-resin exports to Bangladesh exceeded the volume sent to the second major destination, Nigeria (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bangladesh amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest markets for amino-resin exported from Oman were Nigeria ($X), Bangladesh ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average amino-resin export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (X%), while the prices for the other major destinations experienced more modest paces of growth.

Amino-Resin Imports

Imports into Oman

After two years of growth, overseas purchases of amino-resins, phenolic resins and polyurethanes (in primary forms) decreased by X% to X tons in 2022. Over the period under review, imports showed a deep setback. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, amino-resin imports soared to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and India (X tons) were the main suppliers of amino-resin imports to Oman, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of amino-resins, phenolic resins and polyurethanes (in primary forms) to Oman, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

The average amino-resin import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino-resin import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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