Oman: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Oman

The Omani glass in the mass market shrank markedly to $X in 2023, waning by X% against the previous year. Over the period under review, consumption recorded a abrupt decrease. Glass in the mass consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Production of Glass in The Mass in Oman

In value terms, glass in the mass production dropped markedly to $X in 2023 estimated in export price. Overall, production recorded a sharp downturn. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

Exports of Glass in The Mass

Exports from Oman

Glass in the mass exports from Oman skyrocketed to X tons in 2023, picking up by X% against the previous year's figure. Overall, exports recorded a tangible expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, glass in the mass exports soared to $X in 2023. In general, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X tons), the United Arab Emirates (X tons) and Yemen (X tons) were the main destinations of glass in the mass exports from Oman.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, India ($X), Yemen ($X) and the United Arab Emirates ($X) constituted the largest markets for glass in the mass exported from Oman worldwide.

In terms of the main countries of destination, Yemen, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average glass in the mass export price stood at $X per ton in 2023, rising by X% against the previous year. Overall, the export price, however, recorded a significant decline. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Yemen ($X per ton), while the average price for exports to the United Arab Emirates ($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 Yemen (X%), while the prices for the other major destinations experienced a decline.

Imports of Glass in The Mass

Imports into Oman

In 2023, imports of glass in the mass into Oman expanded sharply to X tons, picking up by X% on the previous year. Overall, imports, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, glass in mass imports hit record highs at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, glass in the mass imports reached $X in 2023. Over the period under review, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, glass in mass imports hit record highs at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, South Korea (X tons) constituted the largest glass in the mass supplier to Oman, with a X% share of total imports. Moreover, glass in the mass imports from South Korea exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. Pakistan (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest glass in the mass suppliers to Oman were South Korea ($X), the United Arab Emirates ($X) and Pakistan ($X), with a combined X% share of total imports.

Pakistan, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average glass in the mass import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked at $X per ton in 2015; however, from 2016 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 Saudi Arabia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform