Oman: Spun Yarn Market 2021

Spun Yarn Market Size in Oman

The Omani spun yarn market skyrocketed to $X in 2019, with an increase of 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, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Spun Yarn Exports

Exports from Oman

Spun yarn exports from Oman stood at X kg in 2019, approximately equating the year before. Overall, exports showed a relatively flat trend pattern. Exports peaked at X kg in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, spun yarn exports totaled $X in 2019. Over the period under review, exports continue to indicate a relatively flat trend pattern. Exports peaked at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for spun yarn exports from Oman, with a approx. X% share of total exports.

From 2007 to 2007, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

From 2007 to 2007, the average annual growth rate of value to the United Arab Emirates was relatively modest.

Spun Yarn Imports

Imports into Oman

In 2019, approx. X tons of yarn spun from silk waste were imported into Oman; increasing by X% compared with the year before. In general, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Imports peaked at X tons in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, spun yarn imports soared to $X in 2019. Overall, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, the United Arab Emirates (X tons) constituted the largest spun yarn supplier to Oman, with a X% share of total imports. Moreover, spun yarn imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X kg), eightfold.

From 2007 to 2019, the average annual growth rate of volume from the United Arab Emirates totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and India (-X% per year).

In value terms, China ($X), the United Arab Emirates ($X) and India ($X) appeared to be the largest spun yarn suppliers to Oman, together comprising X% of total imports.

China saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average spun yarn import price amounted to $X per ton, falling by -X% against the previous year. In general, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2014; however, from 2015 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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