Oman: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Oman

The Omani non-aqueous paint and varnish market reduced dramatically to $X in 2023, declining by X% against the previous year. Overall, consumption showed a strong increase. Non-aqueous paint and varnish consumption peaked at $X in 2022, and then contracted dramatically in the following year.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Oman

In value terms, non-aqueous paint and varnish production declined slightly to $X in 2023 estimated in export price. Overall, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Non-aqueous paint and varnish production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Oman

In 2023, non-aqueous paint and varnish exports from Oman contracted to X tons, reducing by X% against the previous year's figure. Over the period under review, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, non-aqueous paint and varnish exports shrank to $X in 2023. In general, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Qatar (X tons), the United Arab Emirates (X tons) and Yemen (X tons) were the main destinations of non-aqueous paint and varnish exports from Oman, with a combined X% share of total exports.

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

In value terms, Qatar ($X) remains the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from Oman, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Yemen (X% per year).

Export Prices by Country

The average non-aqueous paint and varnish export price stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price recorded a pronounced slump. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Yemen ($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 Qatar (X%), while the prices for the other major destinations experienced a decline.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Oman

In 2023, supplies from abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium was finally on the rise to reach X tons for the first time since 2017, thus ending a five-year declining trend. Over the period under review, imports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, non-aqueous paint and varnish imports contracted slightly to $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, the United Arab Emirates (X tons) constituted the largest non-aqueous paint and varnish supplier to Oman, with a X% share of total imports. Moreover, non-aqueous paint and varnish imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sixfold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Malaysia (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in a non-aqueous medium to Oman, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2023, the average non-aqueous paint and varnish import price amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, showed a modest expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per ton in 2022, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform