Oman: Dolomite Market 2024

Dolomite Market Size in Oman

In 2021, the Omani dolomite market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Dolomite Production in Oman

In value terms, dolomite production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 66% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Dolomite Exports

Exports from Oman

In 2021, overseas shipments of dolomite increased by 84% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 138% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, dolomite exports surged to $X in 2021. Overall, exports showed buoyant growth. The growth pace was the most rapid in 2016 with an increase of 232% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) and Qatar (X tons) were the main destinations of dolomite exports from Oman.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +142.2%).

In value terms, India ($X) emerged as the key foreign market for dolomite exports from Oman, comprising 77% of total exports. The second position in the ranking was held by Qatar ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India amounted to +6.2%.

Export Prices by Country

In 2021, the average dolomite export price amounted to $X per ton, growing by 6.4% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dolomite export price decreased by -35.2% against 2017 indices. The most prominent rate of growth was recorded in 2016 an increase of 39% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Qatar totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+6.4%).

Dolomite Imports

Imports into Oman

Dolomite imports into Oman skyrocketed to X tons in 2021, growing by 39% on 2020 figures. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 518% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, dolomite imports skyrocketed to $X in 2021. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 359%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), India (X tons) and Iraq (X tons) were the main suppliers of dolomite imports to Oman, together comprising 73% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +86.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Iran ($X) were the largest dolomite suppliers to Oman, with a combined 81% share of total imports.

China, with a CAGR of +86.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average dolomite import price amounted to $X per ton, reducing by -3.1% against the previous year. In general, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 38% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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