Oman: Barbed Wire Market 2024

Barbed Wire Market Size in Oman

The Omani barbed wire market shrank dramatically to $X in 2021, which is down by -66.6% 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). Over the period under review, consumption saw a precipitous setback. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Barbed Wire Exports

Exports from Oman

For the third consecutive year, Oman recorded growth in shipments abroad of barbed wire and entanglements, which increased by 79% to X tons in 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 517% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, barbed wire exports surged to $X in 2021. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2017 with an increase of 605%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X tons) was the main destination for barbed wire exports from Oman, accounting for a 85% share of total exports. Moreover, barbed wire exports to the United Arab Emirates exceeded the volume sent to the second major destination, Somalia (X tons), ninefold. The third position in this ranking was held by Yemen (X tons), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +64.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+23.2% per year) and Yemen (+10.1% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for barbed wire and entanglements exports from Oman, comprising 89% of total exports. The second position in the ranking was held by Somalia ($X), with an 8.4% share of total exports. It was followed by Saudi Arabia, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +60.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+21.6% per year) and Saudi Arabia (-7.4% per year).

Export Prices by Country

The average barbed wire export price stood at $X per ton in 2021, growing by 8.2% against the previous year. Overall, the export price, however, saw a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 49%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+1.7%), while the prices for the other major destinations experienced a decline.

Barbed Wire Imports

Imports into Oman

Barbed wire imports into Oman declined notably to X tons in 2021, waning by -35.1% on 2020. In general, imports faced a precipitous contraction. The pace of growth appeared the most rapid in 2014 with an increase of 718% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, barbed wire imports fell markedly to $X in 2021. Overall, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 780%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest barbed wire supplier to Oman, with a 65% share of total imports. Moreover, barbed wire imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+11.0% per year) and the United States (+113.3% per year).

In value terms, the United States ($X), the United Arab Emirates ($X) and China ($X) appeared to be the largest barbed wire suppliers to Oman, together comprising 87% of total imports.

The United States, with a CAGR of +124.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average barbed wire import price amounted to $X per ton, increasing by 23% against the previous year. In general, the import price continues to indicate strong growth. The growth pace was the most rapid in 2016 an increase of 82%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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