Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Oman - 2022

Contents:

1. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Oman (CIF) - 2022
2. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Oman (FOB) - 2022
3. Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Oman
4. Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Oman

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Oman (CIF) - 2022

In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $1,558 per ton, shrinking by -50.5% against the previous year. Over the period under review, the import price recorded a drastic downturn. The growth pace was the most rapid in 2014 an increase of 26% against the previous year. As a result, import price attained the peak level of $9,734 per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 Germany ($5,486 per ton), while the price for China ($866 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.2%), while the prices for the other major suppliers experienced a decline.

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Oman (FOB) - 2022

In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $4,672 per ton, increasing by 95% against the previous year. Over the period under review, the export price saw a significant increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 346%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Bahrain ($4,672 per ton) and Iran ($4,672 per ton), while the average price for exports to the United Arab Emirates ($4,667 per ton) and Yemen ($4,672 per ton) were amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+2,204.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Oman

In 2022, the amount of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses imported into Oman surged to 1.3K tons, picking up by 68% against 2021. Over the period under review, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +3.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.6% against 2020 indices.

In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses fell markedly to $2M in 2022. Overall, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, imports attained the peak of $4.3M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Oman in 2022:

1. China (743.3 tons)
2. United Arab Emirates (387.9 tons)
3. India (105.8 tons)
4. Germany (23.1 tons)
5. Turkey (3.5 tons)

Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Oman

In 2022, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses from Oman skyrocketed to 4.4 tons, growing by 248% on the previous year's figure. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 619% against the previous year. As a result, the exports reached the peak of 26 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses skyrocketed to $20K in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 3,106%. As a result, the exports attained the peak of $92K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Oman in 2022:

1. Bahrain (2.3 tons)
2. Yemen (1.1 tons)
3. Iran (0.7 tons)
4. United Arab Emirates (0.2 tons)

Source: IndexBox Market Intelligence Platform