Oman: Market for Polyolefins other than Polypropylene 2024

Market Size for Polyolefins other than Polypropylene in Oman

The Omani polyolefins other than polypropylene market totaled $X in 2023, almost unchanged from the previous year. In general, consumption, however, posted strong growth. Polyolefins other than polypropylene consumption peaked at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Production of Polyolefins other than Polypropylene in Oman

In value terms, polyolefins other than polypropylene production reached $X in 2023 estimated in export price. In general, production, however, showed a prominent expansion. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

Exports of Polyolefins other than Polypropylene

Exports from Oman

In 2023, approx. X tons of polyolefins other than polypropylene were exported from Oman; with an increase of X% compared with the previous year's figure. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, polyolefins other than polypropylene exports skyrocketed to $X in 2023. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Zambia (X tons), Turkey (X tons) and Tanzania (X tons) were the main destinations of polyolefins other than polypropylene exports from Oman, with a combined X% share of total exports. Mozambique, the Netherlands, China, the UK, Ghana, Belgium and the Philippines lagged somewhat behind, together comprising a further X%.

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

In value terms, Zambia ($X), the Netherlands ($X) and Turkey ($X) constituted the largest markets for polyolefins other than polypropylene exported from Oman worldwide, with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average polyolefins other than polypropylene export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, polyolefins other than polypropylene export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK ($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 Mauritius (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyolefins other than Polypropylene

Imports into Oman

In 2023, approx. X tons of polyolefins other than polypropylene were imported into Oman; with a decrease of X% compared with 2022 figures. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, polyolefins other than polypropylene imports declined significantly to $X in 2023. In general, imports recorded a mild descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then fell significantly in the following year.

Imports by Country

In 2023, the United Arab Emirates (X tons) constituted the largest polyolefins other than polypropylene supplier to Oman, with a X% share of total imports. Moreover, polyolefins other than polypropylene imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. The third position in this ranking was held by Singapore (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Singapore (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of polyolefins other than polypropylene to Oman, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Singapore (X% per year).

Import Prices by Country

The average polyolefins other than polypropylene import price stood at $X per ton in 2023, growing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform