Price for Poly(Lactic Acid); in Primary Forms in Oman - 2021

Contents:

  1. Price for Poly(Lactic Acid); in Primary Forms in Oman (CIF) - 2022
  2. Price for Poly(Lactic Acid); in Primary Forms in Oman (FOB) - 2022
  3. Imports of Poly(Lactic Acid); in Primary Forms in Oman
  4. Exports of Poly(Lactic Acid); in Primary Forms in Oman

Price for Poly(Lactic Acid); in Primary Forms in Oman (CIF) - 2022

In 2022, the average import price for poly(lactic acid); in primary formses amounted to $7,331 per ton, reducing by -16.2% against the previous year. Overall, the import price, however, recorded resilient growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 122% against the previous year. Over the period under review, average import prices attained the peak figure at $8,752 per ton in 2021, and then shrank markedly in the following year.

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 the United Arab Emirates ($8,337 per ton), while the price for India ($5,078 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+33.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Poly(Lactic Acid); in Primary Forms in Oman (FOB) - 2022

In 2022, the average export price for poly(lactic acid); in primary formses amounted to $2,662 per ton, shrinking by -39.7% against the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2015 when the average export price increased by 154%. As a result, the export price reached the peak level of $39,365 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Tanzania.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +22.9% per year.

Imports of Poly(Lactic Acid); in Primary Forms in Oman

In 2022, the amount of poly(lactic acid); in primary formses imported into Oman skyrocketed to 5.6 tons, jumping by 74% compared with the previous year. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 384%. As a result, imports reached the peak of 9.5 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, poly(lactic acid); in primary forms imports skyrocketed to $41K in 2022. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 532% against the previous year. As a result, imports attained the peak of $54K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Poly(Lactic Acid); in Primary Forms in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates1.422.89.723.9157.5%
China3.125.28.313.864.5%
India1.96.41.73.623.7%
United StatesN/AN/A8.6N/A0%
Others2.3N/AN/AN/A0%
Total8.654.428.341.468.8%

Top Suppliers of Poly(Lactic Acid); in Primary Forms to Oman in 2022:

  1. United Arab Emirates (2.9 tons)
  2. China (2.1 tons)
  3. India (0.7 tons)

Exports of Poly(Lactic Acid); in Primary Forms in Oman

Poly(lactic acid); in primary forms exports from Oman soared to 28 tons in 2022, jumping by 16% against 2021. In general, exports, however, showed a dramatic slump. The growth pace was the most rapid in 2021 when exports increased by 24% against the previous year.

In value terms, poly(lactic acid); in primary forms exports fell remarkably to $74K in 2022. Overall, exports, however, showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 150% against the previous year.

Export of Poly(Lactic Acid); in Primary Forms in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Tanzania91.830.425.973.7-7.1%
Yemen56.8N/AN/AN/A0%
China6.9N/A79.4N/A239.2%
Saudi Arabia20.9N/AN/AN/A0%
OthersN/A11.7N/AN/A0%
Total17642.110573.7-25.2%

Top Export Markets for Poly(Lactic Acid); in Primary Forms from Oman in 2022:

  1. Tanzania (27.7 tons)

Source: IndexBox Market Intelligence Platform

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