Oman: Market for Vinyl Acetate Polymers in Primary Forms other than in Aqueous Dispersion 2024

Market Size for Vinyl Acetate Polymers in Primary Forms other than in Aqueous Dispersion in Oman

The Omani market for vinyl acetate polymers in primary forms other than in aqueous dispersion soared to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a strong expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Exports of Vinyl Acetate Polymers in Primary Forms other than in Aqueous Dispersion

Exports from Oman

In 2022, overseas shipments of vinyl acetate polymers in primary forms other than in aqueous dispersion decreased by X% to X tons, falling for the second consecutive year after six years of growth. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of vinyl acetate polymers in primary forms other than in aqueous dispersion reduced markedly to $X in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of vinyl acetate polymers in primary forms other than in aqueous dispersion from Oman, accounting for a X% share of total exports. Moreover, exports of vinyl acetate polymers in primary forms other than in aqueous dispersion to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold.

From 2013 to 2022, the average annual growth rate of volume to Saudi Arabia was relatively modest.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for vinyl acetate polymers in primary forms other than in aqueous dispersion exports from Oman, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Saudi Arabia was relatively modest.

Export Prices by Country

In 2022, the average export price for vinyl acetate polymers in primary forms other than in aqueous dispersion amounted to $X per ton, dropping by X% against the previous year. In general, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%).

Imports of Vinyl Acetate Polymers in Primary Forms other than in Aqueous Dispersion

Imports into Oman

For the fourth consecutive year, Oman recorded growth in supplies from abroad of vinyl acetate polymers in primary forms other than in aqueous dispersion, which increased by X% to X tons in 2022. Over the period under review, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of vinyl acetate polymers in primary forms other than in aqueous dispersion skyrocketed to $X in 2022. Overall, imports recorded a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of vinyl acetate polymers in primary forms other than in aqueous dispersion to Oman, accounting for a X% share of total imports. Moreover, imports of vinyl acetate polymers in primary forms other than in aqueous dispersion from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. China (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Saudi Arabia ($X) constituted the largest supplier of vinyl acetate polymers in primary forms other than in aqueous dispersion to Oman, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average import price for vinyl acetate polymers in primary forms other than in aqueous dispersion amounted to $X per ton, growing by X% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform