Report Update May 1, 2024

Oman - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Ethylene Glycol Market 2024

Ethylene Glycol Market Size in Oman

The Omani ethylene glycol market soared to $X in 2022, picking up by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed significant growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Ethylene Glycol Exports

Exports from Oman

In 2022, shipments abroad of ethylene glycol (ethanediol) decreased by -22.6% to X tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 92%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted significantly in the following year.

In value terms, ethylene glycol exports dropped rapidly to $X in 2022. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 124% against the previous year. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

China (X tons) was the main destination for ethylene glycol exports from Oman, with a 84% share of total exports. Moreover, ethylene glycol exports to China exceeded the volume sent to the second major destination, India (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+53.2% per year) and Turkey (-4.8% per year).

In value terms, China ($X) remains the key foreign market for ethylene glycol (ethanediol) exports from Oman, comprising 83% of total exports. The second position in the ranking was taken by India ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+50.6% per year) and Turkey (+2.2% per year).

Export Prices by Country

The average ethylene glycol export price stood at $X per ton in 2022, with a decrease of -6.6% against the previous year. Overall, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+7.3%), while the prices for the other major destinations experienced a decline.

Ethylene Glycol Imports

Imports into Oman

In 2022, approx. X tons of ethylene glycol (ethanediol) were imported into Oman; with an increase of 10% on the year before. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 7,079% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, ethylene glycol imports declined to $X in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 8,344% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kuwait (X tons), Saudi Arabia (X tons) and the United States (X tons) were the main suppliers of ethylene glycol imports to Oman, with a combined 100% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +289.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Saudi Arabia ($X) and the United States ($X) were the largest ethylene glycol suppliers to Oman, together accounting for 100% of total imports.

Among the main suppliers, the United States, with a CAGR of +165.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ethylene glycol import price stood at $X per ton in 2022, with a decrease of -13% against the previous year. Overall, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Saudi Arabia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethylene glycol (ethanediol) in the world?

China constituted the country with the largest volume of ethylene glycol consumption, comprising approx. 24% of total volume. Moreover, ethylene glycol consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Saudi Arabia ranked third in terms of total consumption with an 8.8% share.

What are the largest producers of ethylene glycol (ethanediol) in the world?

The countries with the highest volumes of production in 2022 were the United States, Saudi Arabia and Canada, together accounting for 35% of global production.

What are the leading suppliers of ethylene glycol (ethanediol) to Oman?

In value terms, the largest ethylene glycol suppliers to Oman were Kuwait, Saudi Arabia and the United States, with a combined 100% share of total imports.

What are the leading importers of ethylene glycol (ethanediol) from Oman?

In value terms, China remains the key foreign market for ethylene glycol ethanediol) exports from Oman, comprising 83% of total exports. The second position in the ranking was taken by India, with a 13% share of total exports.

What is the average export price for ethylene glycol (ethanediol) in Oman?

The average ethylene glycol export price stood at $547 per ton in 2022, falling by -6.6% against the previous year.

What is the average import price for ethylene glycol (ethanediol) in Oman?

In 2022, the average ethylene glycol import price amounted to $601 per ton, which is down by -13% against the previous year.

This report provides an in-depth analysis of the ethylene glycol market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20142310 - Ethylene glycol (ethanediol)

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023