Oman: Mineral Wool Market 2022

Mineral Wool Market Size in Oman

In 2021, after two years of decline, there was significant growth in the Omani mineral wool market, when its value increased by X% to $X. Over the period under review, consumption posted a remarkable increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Mineral Wool Exports

Exports from Oman

For the fifth year in a row, Oman recorded decline in shipments abroad of slag wool, rock wool and similar mineral wools and mixtures, which decreased by X% to X tons in 2021. Over the period under review, exports recorded a abrupt downturn. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, mineral wool exports totaled $X in 2021. In general, exports showed a abrupt slump. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X tons), Malaysia (X tons) and Yemen (X tons) were the main destinations of mineral wool exports from Oman, with a combined X% share of total exports. The United Arab Emirates lagged somewhat behind, accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Malaysia ($X) and the United Arab Emirates ($X) constituted the largest markets for mineral wool exported from Oman worldwide, together accounting for X% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average mineral wool export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price saw moderate growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

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

Mineral Wool Imports

Imports into Oman

In 2021, purchases abroad of slag wool, rock wool and similar mineral wools and mixtures was finally on the rise to reach X tons after two years of decline. In general, imports recorded buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, mineral wool imports surged to $X in 2021. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and India (X tons) were the main suppliers of mineral wool imports to Oman, together comprising X% of total imports. Egypt, Kuwait, China and Belgium lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kuwait (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mineral wool suppliers to Oman were the United Arab Emirates ($X), Saudi Arabia ($X) and Belgium ($X), with a combined X% share of total imports. India, Kuwait, China and Egypt lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mineral wool import price stood at $X per ton in 2021, shrinking by -X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, 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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