Oman: Uncoated Felt Paper Market 2023

Uncoated Felt Paper Market Size in Oman

In 2021, after four years of growth, there was significant decline in the Omani uncoated felt paper market, when its value decreased by -52.9% to $X. In general, consumption showed a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Uncoated Felt Paper Exports

Exports from Oman

For the third year in a row, Oman recorded growth in shipments abroad of uncoated felt paper and paperboard, which increased by 1,149% to X tons in 2021. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, uncoated felt paper exports soared to $X in 2021. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Tanzania (X tons) was the main destination for uncoated felt paper exports from Oman, accounting for a 88% share of total exports. Moreover, uncoated felt paper exports to Tanzania exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), tenfold. Bahrain (X kg) ranked third in terms of total exports with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tanzania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+92.6% per year) and Bahrain (+4.5% per year).

In value terms, Tanzania ($X) emerged as the key foreign market for uncoated felt paper exports from Oman, comprising 75% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.3% share of total exports. It was followed by Bahrain, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Tanzania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+74.6% per year) and Bahrain (+0.9% per year).

Export Prices by Country

In 2021, the average uncoated felt paper export price amounted to $X per ton, dropping by -49.9% against the previous year. Overall, the export price faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 65%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Qatar ($X per ton), while the average price for exports to Tanzania ($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 Bahrain (-3.4%), while the prices for the other major destinations experienced a decline.

Uncoated Felt Paper Imports

Imports into Oman

After four years of growth, supplies from abroad of uncoated felt paper and paperboard decreased by -49.7% to X tons in 2021. Overall, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2015 when imports increased by 175% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, uncoated felt paper imports contracted rapidly to $X in 2021. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when imports increased by 107%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of uncoated felt paper imports to Oman, with a combined 84% share of total imports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +27.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of uncoated felt paper to Oman, comprising 47% of total imports. The second position in the ranking was held by India ($X), with a 21% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+32.7% per year) and China (-3.2% per year).

Import Prices by Country

In 2021, the average uncoated felt paper import price amounted to $X per ton, growing by 46% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, uncoated felt paper import price increased by +21.5% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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