Oman: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Oman

In 2022, after four years of decline, there was significant growth in the Omani non-aqueous paint and varnish market, when its value increased by X% to $X. Over the period under review, consumption, however, saw a abrupt descent. Non-aqueous paint and varnish consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Oman

After three years of decline, overseas shipments of paints and varnishes dispersed or dissolved in a non-aqueous medium increased by X% to X tons in 2022. In general, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-aqueous paint and varnish exports soared to $X in 2022. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X tons), the United Arab Emirates (X tons) and Yemen (X tons) were the main destinations of non-aqueous paint and varnish exports from Oman, together comprising X% of total exports.

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

In value terms, Qatar ($X) remains the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from Oman, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Yemen (X% per year).

Export Prices by Country

The average non-aqueous paint and varnish export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 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 ($X per ton), while the average price for exports to Yemen ($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 Qatar (X%), while the prices for the other major destinations experienced a decline.

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Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Oman

After four years of decline, purchases abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium increased by X% to X tons in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, non-aqueous paint and varnish imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of non-aqueous paint and varnish to Oman, accounting for a X% share of total imports. Moreover, non-aqueous paint and varnish imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Malaysia (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in a non-aqueous medium to Oman, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with an X% share of total imports.

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: Saudi Arabia (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average non-aqueous paint and varnish import price amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated a modest increase 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, non-aqueous paint and varnish import price increased by X% against 2017 indices. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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