Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Oman - 2022

Contents:

  1. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Oman (FOB) - 2022
  2. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Oman (CIF) - 2022
  3. Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Oman
  4. Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Oman

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Oman (FOB) - 2022

The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $3,430 per ton in 2022, rising by 69% against the previous year. Overall, the export price, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 78%. The export price peaked at $4,059 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($5,519 per ton), while the average price for exports to the United Arab Emirates amounted to $1,029 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+0.9%).

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Oman (CIF) - 2022

In 2022, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $2,273 per ton, rising by 3.4% against the previous year. Over the period under review, the import price, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2017 an increase of 60% against the previous year. Over the period under review, average import prices hit record highs at $5,483 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Thailand ($5,511 per ton), while the price for Saudi Arabia ($950 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.3%), while the prices for the other major suppliers experienced a decline.

Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Oman

In 2022, shipments abroad of paints and varnishes, based on polyesters, non-aqueous medium was finally on the rise to reach 3.1K tons after two years of decline. Overall, exports, however, continue to indicate a abrupt contraction.

In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium surged to $11M in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Oman (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Qatar2.32.74.29.057.6%
United Arab Emirates2.91.31.11.5-19.7%
OthersN/AN/A0.10.10.0%
Total5.24.15.310.626.8%

Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Oman in 2022:

  1. Qatar (1.6K tons)
  2. United Arab Emirates (1.4K tons)

Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Oman

In 2022, imports of paints and varnishes, based on polyesters, non-aqueous medium into Oman skyrocketed to 1.1K tons, with an increase of 75% compared with the previous year. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 86% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium surged to $2.6M in 2022. Overall, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates1,0721,0698451,77818.4%
Thailand27664231259729.3%
Saudi Arabia19.90.222.116.2-6.6%
Hong Kong SAR37.110590.9N/A56.5%
Others12274917222222.1%
Total1,5272,5651,4432,61319.6%

Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Oman in 2022:

  1. United Arab Emirates (987.6 tons)
  2. Thailand (108.3 tons)
  3. Saudi Arabia (17.1 tons)

Source: IndexBox Market Intelligence Platform

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