Oman: Uncoated Felt Paper Market 2024

Uncoated Felt Paper Market Size in Oman

The Omani uncoated felt paper market soared to $X in 2022, rising by 25% 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). Overall, consumption, however, saw a deep downturn. Uncoated felt paper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Uncoated Felt Paper Exports

Exports from Oman

Uncoated felt paper exports from Oman stood at X tons in 2022, surging by 10% against 2021. In general, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 329% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, uncoated felt paper exports surged to $X in 2022. Over the period under review, exports, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2019 with an increase of 242% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for uncoated felt paper exports from Oman, accounting for a 72% share of total exports. Moreover, uncoated felt paper exports to the United Arab Emirates exceeded the volume sent to the second major destination, the UK (X kg), sevenfold. The third position in this ranking was taken by Bahrain (X kg), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +56.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+9.4% per year) and Bahrain (+0.3% per year).

In value terms, the largest markets for uncoated felt paper exported from Oman were the United Arab Emirates ($X), the UK ($X) and Bahrain ($X), together accounting for 81% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +70.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average uncoated felt paper export price amounted to $X per ton, increasing by 22% against the previous year. Overall, the export price, however, faced a abrupt contraction. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

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Uncoated Felt Paper Imports

Imports into Oman

In 2022, imports of uncoated felt paper and paperboard into Oman surged to X tons, rising by 49% on 2021 figures. Over the period under review, imports, however, saw a abrupt setback. The growth pace was the most rapid in 2015 with an increase of 175% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, uncoated felt paper imports surged to $X in 2022. Overall, imports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 107%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of uncoated felt paper imports to Oman, together comprising 84% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +28.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), India ($X) and China ($X) were the largest uncoated felt paper suppliers to Oman, together accounting for 86% of total imports.

In terms of the main suppliers, India, with a CAGR of +33.2%, 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 2022, the average uncoated felt paper import price amounted to $X per ton, dropping by -20.6% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, uncoated felt paper import price decreased by -3.5% against 2018 indices. The growth pace was the most rapid in 2021 an increase of 45% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) 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 (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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