Oman: Plastic Support Market 2024

Plastic Support Market Size in Oman

The Omani plastic support market declined markedly to $X in 2022, falling by X% against the previous year. In general, consumption, however, posted temperate growth. Plastic support consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Plastic Support Production in Oman

In value terms, plastic support production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable increase. The growth pace was the most rapid in 2016 with an increase of X%. Plastic support production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Plastic Support Exports

Exports from Oman

For the fourth year in a row, Oman recorded growth in overseas shipments of spools, cops and similar supports of plastics, which increased by X% to X tons in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic support exports surged to $X in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Yemen (X tons) was the main destination for plastic support exports from Oman, with a X% share of total exports. Moreover, plastic support exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), tenfold. Saudi Arabia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen 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 Saudi Arabia (X% per year).

In value terms, Yemen ($X) emerged as the key foreign market for spools, cops and similar supports of plastics exports from Oman, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen 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 Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the average plastic support export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, 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 Yemen (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Support Imports

Imports into Oman

In 2022, overseas purchases of spools, cops and similar supports of plastics increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic support imports amounted to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest plastic support supplier to Oman, accounting for a X% share of total imports. Moreover, plastic support imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Saudi Arabia (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the United Arab Emirates ($X) constituted the largest supplier of spools, cops and similar supports of plastics to Oman, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

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

Import Prices by Country

In 2022, the average plastic support import price amounted to $X per ton, remaining stable against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bahrain ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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