Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Oman - 2022

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Oman (CIF) - 2022
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Oman (FOB) - 2022
3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Oman
4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Oman

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Oman (CIF) - 2022

In 2022, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.4 per square meter, growing by 19% against the previous year. Over the period under review, the import price, however, saw a noticeable curtailment. Over the period under review, average import prices attained the peak figure at $0.5 per square meter in 2012; however, from 2013 to 2022, import prices stood 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 Spain ($0.5 per square meter), while the price for Germany (less than $0.1 per square 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 (-1.3%), while the prices for the other major suppliers experienced a decline.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Oman (FOB) - 2022

In 2022, the average export price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.2 per square meter, with a decrease of -11.9% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 20%. The export price peaked at $1.2 per square meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($0.9 per square meter), while the average price for exports to Qatar totaled $0.2 per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+27.3%), while the prices for the other major destinations experienced a decline.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Oman

In 2022, approx. 2.8M square meters of fabrics, woven; from strip or the like, of synthetic textile materialses were imported into Oman; which is down by -33.9% compared with the previous year. Over the period under review, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 210% against the previous year. As a result, imports reached the peak of 4.3M square meters, and then declined dramatically in the following year.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses declined rapidly to $1,000K in 2022. In general, imports recorded a mild setback. The pace of growth appeared the most rapid in 2021 with an increase of 250%. As a result, imports attained the peak of $1.3M, and then dropped dramatically in the following year.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Oman in 2022:

1. United Arab Emirates (851.5K square meters)
2. India (625.4K square meters)
3. Italy (345.9K square meters)
4. China (339.5K square meters)
5. Germany (190.0K square meters)
6. Bahrain (152.8K square meters)
7. Spain (120.8K square meters)
8. Saudi Arabia (44.2K square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Oman

Exports of fabrics, woven; from strip or the like, of synthetic textile materialses from Oman rose notably to 103K square meters in 2022, increasing by 14% against the previous year. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 468% against the previous year. Over the period under review, the exports of fabrics, woven; from strip or like, of synthetic textile materialses hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $26K in 2022. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 366% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Oman in 2022:

1. Qatar (94.4K square meters)
2. United Arab Emirates (8.5K square meters)

Source: IndexBox Market Intelligence Platform