Oman: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Oman

The Omani natural stone sett market rose modestly to $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated moderate growth from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Natural Stone Sett Production in Oman

In value terms, natural stone sett production dropped to $X in 2022 estimated in export price. In general, the total production indicated slight growth from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Natural Stone Sett Exports

Exports from Oman

After three years of growth, shipments abroad of natural stone setts, kerbstones and flagstones decreased by X% to X tons in 2022. Overall, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, natural stone sett exports shrank dramatically to $X in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for natural stone sett exports from Oman, with a X% share of total exports. Moreover, natural stone sett exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for natural stone setts, kerbstones and flagstones exports from Oman, comprising X% of total exports. The second position in the ranking was held by Qatar ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at X%.

Export Prices by Country

In 2022, the average natural stone sett export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price saw a deep reduction. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced a decline.

Natural Stone Sett Imports

Imports into Oman

In 2022, the amount of natural stone setts, kerbstones and flagstones imported into Oman declined rapidly to X tons, waning by X% compared with the year before. Overall, imports faced a sharp descent. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, natural stone sett imports reduced rapidly to $X in 2022. In general, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Indonesia (X tons) were the main suppliers of natural stone sett imports to Oman, with a combined X% share of total imports. Syrian Arab Republic, the UK and Kuwait lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest natural stone sett suppliers to Oman were Indonesia ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising X% of total imports. Syrian Arab Republic, the UK and Kuwait lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Syrian Arab Republic, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average natural stone sett import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price showed perceptible growth. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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