Oman: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2022

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Oman

The Omani market for paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021, with an increase of 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.9% against 2019 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Oman

After two years of growth, overseas shipments of paint, distemper, varnish or similar brushes, paint pads and rollers decreased by -83.1% to X units in 2021. In general, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 1,060%. Over the period under review, the exports of reached the maximum at X units in 2020, and then shrank remarkably in the following year.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers fell notably to $X in 2021. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 885%. Over the period under review, the exports of hit record highs at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

Qatar (X units) was the main destination for exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Oman, accounting for a 47% share of total exports. Moreover, exports of paint, distemper, varnish or similar brushes, paint pads and rollers to Qatar exceeded the volume sent to the second major destination, Singapore (X units), threefold. The third position in this ranking was held by Saudi Arabia (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Qatar stood at -31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (0.0% per year) and Saudi Arabia (+1,549.5% per year).

In value terms, Qatar ($X) remains the key foreign market for paint, distemper, varnish or similar brush, paint pad and roller exports from Oman, comprising 47% of total exports. The second position in the ranking was held by Singapore ($X), with a 15% share of total exports. It was followed by Saudi Arabia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Qatar totaled -29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (0.0% per year) and Saudi Arabia (+1,644.1% per year).

Export Prices by Country

In 2021, the average export price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, surging by 5.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 58%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Yemen ($X per unit) and Bahrain ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+55.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Oman

In 2021, the amount of paint, distemper, varnish or similar brushes, paint pads and rollers imported into Oman surged to X units, increasing by 20% against the year before. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 35% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers skyrocketed to $X in 2021. Overall, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 30%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest supplier of paint, distemper, varnish or similar brush, paint pad and roller to Oman, accounting for a 69% share of total imports. Moreover, imports of paint, distemper, varnish or similar brushes, paint pads and rollers from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.8% per year) and Jordan (-31.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of paint, distemper, varnish or similar brush, paint pad and roller to Oman, comprising 69% of total imports. The second position in the ranking was held by China ($X), with a 27% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+37.7% per year) and Jordan (-28.0% per year).

Import Prices by Country

In 2021, the average import price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, increasing by 8.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. The pace of growth appeared the most rapid in 2013 an increase of 34%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Jordan ($X per unit), while the price for the United Arab Emirates ($X per unit) 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 (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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