Oman: Market for Wood Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Residues, Pellets And Other Agglomerates in Oman

In 2022, after three years of growth, there was decline in the Omani market for wood residues, pellets and other agglomerates, when its value decreased by X% to $X. Overall, consumption, however, recorded a slight descent. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Oman

In 2022, overseas shipments of wood residues, pellets and other agglomerates increased by X% to X cubic meters, rising for the second year in a row after two years of decline. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of wood residues, pellets and other agglomerates amounted to $X in 2022. Over the period under review, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X cubic meters) and Qatar (X cubic meters) were the main destinations of exports of wood residues, pellets and other agglomerates from Oman.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of X%).

In value terms, Qatar ($X) and the United Arab Emirates ($X) constituted the largest markets for wood residues, pellets and other agglomerates exported from Oman worldwide.

Qatar, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average export price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, therefore, remained relatively stable against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per cubic meter. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Oman

For the fourth consecutive year, Oman recorded growth in supplies from abroad of wood residues, pellets and other agglomerates, which increased by X% to X cubic meters in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of wood residues, pellets and other agglomerates declined to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports of reached the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Sri Lanka (X cubic meters) constituted the largest supplier of wood residues, pellets and other agglomerates to Oman, with a X% share of total imports. Moreover, imports of wood residues, pellets and other agglomerates from Sri Lanka exceeded the figures recorded by the second-largest supplier, Vietnam (X cubic meters), sixfold. The third position in this ranking was held by the United Arab Emirates (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sri Lanka was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and the United Arab Emirates (X% per year).

In value terms, Sri Lanka ($X) constituted the largest supplier of wood residues, pellets and other agglomerates to Oman, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

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

Import Prices by Country

In 2022, the average import price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, declining by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. As a result, import price attained the peak level of $X per cubic meter. From 2016 to 2022, the average import prices remained at a lower figure.

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 the United Arab Emirates ($X per cubic meter), while the price for Vietnam ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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