Oman: Producers and exporters despatched 9.9Mt of gypsum from Oman in 2022. The figure corresponds to year-on-year growth of 13% from 8.74Mt in 2021. The Oman Daily Observer newspaper has reported that India received 4.84Mt (49%) of Omani gypsum exports during the year. This accounts for 87% of the South Asian nation's total gypsum imports, of 5.54Mt, in 2022. The total figure shows a compound annual growth rate (CAGR) of 17% between 2009 and 2022. The market's forecast CAGR up to 2037 is 5.2%.
The Indian cement industry, which reportedly relies on the dwindling domestic stock of phosphogypsum, is anticipated an anticipated source of continued growth in demand.
