Price for Waste, Parings and Scrap, of Plastics in Oman - 2022

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Oman (CIF) - 2022
2. Price for Waste, Parings and Scrap, of Plastics in Oman (FOB) - 2022
3. Imports of Waste, Parings and Scrap, of Plastics in Oman
4. Exports of Waste, Parings and Scrap, of Plastics in Oman

Price for Waste, Parings and Scrap, of Plastics in Oman (CIF) - 2022

In 2022, the average import price for waste, parings and scrap, of plasticses amounted to $442 per ton, falling by -3.8% against the previous year. Overall, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 50% against the previous year. Over the period under review, average import prices attained the peak figure at $703 per ton in 2012; however, from 2013 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 ($711 per ton), while the price for the United Arab Emirates ($235 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Waste, Parings and Scrap, of Plastics in Oman (FOB) - 2022

In 2022, the average export price for waste, parings and scrap, of plasticses amounted to $270 per ton, which is down by -41.1% against the previous year. In general, the export price continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 112% against the previous year. As a result, the export price reached the peak level of $894 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($634 per ton), while the average price for exports to the United Arab Emirates ($187 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 Hong Kong SAR (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Waste, Parings and Scrap, of Plastics in Oman

In 2022, approx. 4.3K tons of waste, parings and scrap, of plasticses were imported into Oman; which is down by -40.7% compared with the year before. Overall, imports showed a sharp contraction. The smallest decline of -30.2% was in 2021.

In value terms, imports of waste, parings and scrap, of plasticses fell notably to $1.9M in 2022. Over the period under review, imports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 4.4%.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Oman in 2022:

1. United Arab Emirates (2255.1 tons)
2. China (1131.8 tons)
3. Italy (690.4 tons)
4. Spain (118.2 tons)
5. Turkey (68.7 tons)
6. United States (16.1 tons)

Exports of Waste, Parings and Scrap, of Plastics in Oman

In 2022, approx. 140 tons of waste, parings and scrap, of plasticses were exported from Oman; which is down by -86.6% against 2021. Over the period under review, exports showed a dramatic contraction. The smallest decline of -4.3% was in 2021.

In value terms, exports of waste, parings and scrap, of plasticses dropped rapidly to $38K in 2022. In general, exports saw a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 83%.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Oman in 2022:

1. United Arab Emirates (113.9 tons)
2. India (20.6 tons)
3. Pakistan (5.5 tons)

Source: IndexBox Market Intelligence Platform