Oman: Ball Market 2024

Ball Market Size in Oman

In 2022, the Omani ball market increased by 81% to $X, rising for the second consecutive year after three years of decline. Overall, consumption saw a strong increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Ball Exports

Exports from Oman

In 2022, after two years of decline, there was significant growth in overseas shipments of balls, when their volume increased by 7.2% to X units. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 130%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, ball exports expanded remarkably to $X in 2022. Overall, exports showed strong growth. The pace of growth was the most pronounced in 2019 when exports increased by 85%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X units) was the main destination for ball exports from Oman, accounting for a 76% share of total exports. Moreover, ball exports to Qatar exceeded the volume sent to the second major destination, Somalia (X units), fivefold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+19.9% per year) and the United Arab Emirates (-13.0% per year).

In value terms, Qatar ($X) remains the key foreign market for balls exports from Oman, comprising 73% of total exports. The second position in the ranking was held by Somalia ($X), with a 22% share of total exports. It was followed by the United Arab Emirates, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+35.2% per year) and the United Arab Emirates (+21.7% per year).

Export Prices by Country

In 2022, the average ball export price amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the export price, however, recorded resilient growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 144% against the previous year. The export price peaked at $X per unit in 2021, and then reduced slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Somalia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+40.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Imports

Imports into Oman

In 2022, approx. X units of balls were imported into Oman; increasing by 72% against the previous year's figure. Overall, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by 150% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, ball imports soared to $X in 2022. Over the period under review, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 251%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest supplier of ball to Oman, with a 36% share of total imports. Moreover, ball imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Sweden (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.8% per year) and Sweden (+84.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of balls to Oman, comprising 46% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Sweden, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.1% per year) and Sweden (+64.6% per year).

Import Prices by Country

In 2022, the average ball import price amounted to $X per unit, stabilizing at the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ball import price decreased by -45.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 40%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Pakistan ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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