Oman: Silk Yarn Market 2021

Silk Yarn Market Size in Oman

In 2019, the Omani silk yarn market was finally on the rise to reach $X for the first time since 2015, thus ending a three-year declining trend. Over the period under review, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2016 to 2019, the growth of the market remained at a somewhat lower figure.

Silk Yarn Production in Oman

In value terms, silk yarn production rose notably to $X in 2019 estimated in export prices. Overall, production recorded a slight setback. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. As a result, production attained the peak level of $X. From 2012 to 2019, production growth remained at a lower figure.

Silk Yarn Exports

Exports from Oman

In 2019, the amount of silk yarn exported from Oman was estimated at X kg, remaining stable against the year before. Overall, exports saw significant growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. As a result, exports attained the peak of X tons. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, silk yarn exports amounted to $X in 2019. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2012 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Turkey (X tons) was the main destination for silk yarn exports from Oman, accounting for a X% share of total exports. Moreover, silk yarn exports to Turkey exceeded the volume sent to the second major destination, Pakistan (X tons), threefold.

From 2007 to 2011, the average annual rate of growth in terms of volume to Turkey stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+X% per year) and Jordan (+X% per year).

In value terms, Turkey ($X) remains the key foreign market for silk yarn exports from Oman, comprising X% of total exports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of total exports.

From 2007 to 2011, the average annual rate of growth in terms of value to Turkey stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+X% per year) and Jordan (+X% per year).

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2011, shrinking by -X% against the previous year. Over the period under review, the export price saw a deep setback. Over the period under review, average export prices hit record highs at $X per ton in 2010, and then declined in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Jordan ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2007 to 2011, the most notable rate of growth in terms of prices was recorded for supplies to Jordan, while the prices for the other major destinations experienced a decline.

Silk Yarn Imports

Imports into Oman

In 2019, after two years of growth, there was significant decline in supplies from abroad of silk yarn, when their volume decreased by -X% to X kg. In general, imports, however, posted a notable increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. As a result, imports reached the peak of X kg, and then fell rapidly in the following year.

In value terms, silk yarn imports fell sharply to $X in 2019. Overall, imports, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2018, the United Arab Emirates (X kg) was the main silk yarn supplier to Oman, with a approx. X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of silk yarn to Oman.

From 2007 to 2018, the average annual rate of growth in terms of value from the United Arab Emirates was relatively modest.

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2018, declining by -X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2007 to 2018, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Source: IndexBox Market Intelligence Platform

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