Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Oman - 2022

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Oman (CIF) - 2022
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Oman (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Oman
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Oman

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Oman (CIF) - 2022

The average import price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $8,272 per ton in 2022, surging by 36% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($24,891 per ton), while the price for Sri Lanka ($1,079 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+55.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Oman (FOB) - 2022

In 2022, the average export price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $12,013 per ton, picking up by 169% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 171%. The export price peaked at $13,196 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Somalia amounted to -0.3% per year.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Oman

In 2022, imports of footwear; parts, outer soles and heels, of rubber or plasticses into Oman amounted to 104 tons, approximately mirroring the previous year. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.7% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses skyrocketed to $857K in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Oman in 2022:

1. United Arab Emirates (90.7 tons)
2. Turkey (4.4 tons)
3. India (1.9 tons)
4. Thailand (1.8 tons)
5. China (1.6 tons)
6. Sri Lanka (1.6 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Oman

In 2022, overseas shipments of footwear; parts, outer soles and heels, of rubber or plasticses decreased by -66.8% to 4.6 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 7,449% against the previous year.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses shrank to $55K in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 4,109% against the previous year. As a result, the exports reached the peak of $69K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Oman in 2022:

1. Qatar (4.6 tons)

Source: IndexBox Market Intelligence Platform