Oman: Textile Tubing Market 2023

Textile Tubing Market Size in Oman

The Omani textile tubing market surged to $X in 2022, jumping by 15% against the previous year. Overall, consumption enjoyed resilient growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Textile Tubing Production in Oman

In value terms, textile tubing production amounted to $X in 2022 estimated in export price. In general, production posted a significant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 102%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Textile Tubing Exports

Exports from Oman

Textile tubing exports from Oman surged to X tons in 2022, picking up by 200% compared with the previous year's figure. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 3,535%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, textile tubing exports soared to $X in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 2,976%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for textile tubing exports from Oman, accounting for a 74% share of total exports. Moreover, textile tubing exports to Germany exceeded the volume sent to the second major destination, Qatar (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +82.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+42.7% per year) and the United Arab Emirates (+96.8% per year).

In value terms, the largest markets for textile tubing exported from Oman were Qatar ($X), Germany ($X) and the United Arab Emirates ($X).

In terms of the main countries of destination, Germany, with a CAGR of +165.2%, saw 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 2022, the average textile tubing export price amounted to $X per ton, with an increase of 58% against the previous year. In general, the export price continues to indicate a measured expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 155%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Germany ($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 Germany (+45.6%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Tubing Imports

Imports into Oman

Textile tubing imports into Oman skyrocketed to X tons in 2022, surging by 51% against the previous year. Overall, imports showed a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 371%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, textile tubing imports rose remarkably to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 419% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest textile tubing supplier to Oman, with a 75% share of total imports. Moreover, textile tubing imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +38.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+26.4% per year) and India (+10.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of textile hosepiping and similar textile tubing to Oman, comprising 73% of total imports. The second position in the ranking was taken by India ($X), with a 5.4% share of total imports. It was followed by China, with a 1.4% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +43.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+12.3% per year) and China (-2.1% per year).

Import Prices by Country

In 2022, the average textile tubing import price amounted to $X per ton, which is down by -30.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 81%. As a result, import price reached the peak level of $X per ton, and then fell markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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