Oman: Waferboard Market 2024

Waferboard Market Size in Oman

The Omani waferboard market shrank modestly to $X in 2021, which is down by -4.3% against the previous year. Over the period under review, consumption, however, showed a notable expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Waferboard Production in Oman

In value terms, waferboard production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 84% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Waferboard Exports

Exports from Oman

In 2021, the amount of waferboards exported from Oman fell rapidly to X cubic meters, shrinking by -43.2% compared with the previous year's figure. Overall, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2019 with an increase of 367% against the previous year. The exports peaked at X cubic meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, waferboard exports shrank sharply to $X in 2021. Over the period under review, exports faced a significant curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 187%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X cubic meters), Somalia (X cubic meters) and Qatar (X cubic meters) were the main destinations of waferboard exports from Oman, with a combined 95% share of total exports. Moreover, waferboard exports in the United Arab Emirates exceeded the figures recorded by the second-largest exporter, Somalia, twofold.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +14.3%), while shipments for the other leaders experienced a decline.

In value terms, Somalia ($X), the United Arab Emirates ($X) and Qatar ($X) appeared to be the largest markets for waferboard exported from Oman worldwide, with a combined 98% share of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +8.0%, 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 a decline.

Export Prices by Country

In 2021, the average waferboard export price amounted to $X per cubic meter, with an increase of 42% against the previous year. In general, the export price, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of 52%. As a result, the export price reached the peak level of $X per cubic meter. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Somalia ($X per cubic meter), while the average price for exports to the United Arab Emirates ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+6.5%), while the prices for the other major destinations experienced a decline.

Waferboard Imports

Imports into Oman

In 2021, supplies from abroad of waferboards decreased by -15.3% to X cubic meters, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 65%. Over the period under review, imports reached the peak figure at X cubic meters in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, waferboard imports declined slightly to $X in 2021. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 76%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X cubic meters), Malaysia (X cubic meters) and China (X cubic meters) were the main suppliers of waferboard imports to Oman, together comprising 49% of total imports. Indonesia, Romania, Bulgaria, Russia and Spain lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +43.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest waferboard suppliers to Oman were the United Arab Emirates ($X), Malaysia ($X) and Indonesia ($X), together comprising 50% of total imports. China, Romania, Bulgaria, Russia and Spain lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Russia, with a CAGR of +110.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average waferboard import price amounted to $X per cubic meter, with an increase of 13% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per cubic meter in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per cubic meter), while the price for Russia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+46.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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