Oman: Market for Granules, Chippings And Powder Of Monumental Stone 2022

Market Size for Granules, Chippings And Powder Of Monumental Stone in Oman

The Omani market for granules, chippings and powder of monumental stone shrank to $X in 2021, dropping by -X% against the previous year. In general, consumption, however, recorded a strong increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Monumental Stone in Oman

In value terms, monumental stone granules and powder production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Oman

In 2021, shipments abroad of granules, chippings and powder of monumental stone increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports, however, saw a precipitous setback. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, monumental stone granules and powder exports reduced notably to $X in 2021. Over the period under review, exports, however, saw a dramatic descent. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Kuwait (X tons) was the main destination for monumental stone granules and powder exports from Oman, accounting for a X% share of total exports. Moreover, monumental stone granules and powder exports to Kuwait exceeded the volume sent to the second major destination, Qatar (X tons), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume to Kuwait amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-X% per year) and the United States (-X% per year).

In value terms, Kuwait ($X) remains the key foreign market for monumental stone granules and powder exports from Oman, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of value to Kuwait stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-X% per year) and Qatar (-X% per year).

Export Prices by Country

The average export price for granules, chippings and powder of monumental stone stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the period under review, the export price recorded a mild setback. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the United States ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Oman

For the fourth consecutive year, Oman recorded growth in supplies from abroad of granules, chippings and powder of monumental stone, which increased by X% to X tons in 2021. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, monumental stone granules and powder imports skyrocketed to $X in 2021. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Turkey (X tons) constituted the largest monumental stone granules and powder supplier to Oman, with a X% share of total imports. Moreover, monumental stone granules and powder imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was taken by China (X tons), with an X% share.

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

In value terms, China ($X), Turkey ($X) and India ($X) constituted the largest monumental stone granules and powder suppliers to Oman, together accounting for X% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for granules, chippings and powder of monumental stone amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a deep contraction. The growth pace was the most rapid in 2017 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2020, the average import prices failed to regain momentum.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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