Oman: Welded Netting Market 2024

Welded Netting Market Size in Oman

The Omani welded netting market totaled $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption enjoyed a resilient increase. Welded netting consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Welded Netting Production in Oman

In value terms, welded netting production expanded rapidly to $X in 2023 estimated in export price. Over the period under review, production showed resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Welded Netting Exports

Exports from Oman

Welded netting exports from Oman skyrocketed to X tons in 2023, rising by X% on 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, welded netting exports skyrocketed to $X in 2023. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for welded netting exports from Oman, with a X% share of total exports. Moreover, welded netting exports to the United Arab Emirates exceeded the volume sent to the second major destination, Somalia (X tons), fourfold. Saudi Arabia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (X% per year) and Saudi Arabia (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for welded grill, netting and fencing, not classified in hs exports from Oman, comprising X% of total exports. The second position in the ranking was taken by Somalia ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2023, the average welded netting export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Welded Netting Imports

Imports into Oman

In 2023, after five years of decline, there was significant growth in purchases abroad of welded grill, netting and fencing, not classified in hs, when their volume increased by X% to X tons. Over the period under review, imports, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, welded netting imports expanded modestly to $X in 2023. In general, imports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and South Africa (X tons) were the main suppliers of welded netting imports to Oman, with a combined X% share of total imports. Qatar, India, Malaysia and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest welded netting suppliers to Oman were the United Arab Emirates ($X), China ($X) and South Africa ($X), together comprising X% of total imports. Qatar, India, Italy and Malaysia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Qatar, with a CAGR of X%, recorded the highest growth rate of 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 2023, the average welded netting import price amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2022, and then dropped in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform