Oman: Base Metal Padlock Market 2025

Base Metal Padlock Market Size in Oman

The Omani base metal padlock market contracted rapidly to $X in 2022, falling by -29.6% 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). In general, consumption continues to indicate a abrupt contraction. Base metal padlock consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Base Metal Padlock Exports

Exports from Oman

In 2022, after two years of decline, there was significant growth in overseas shipments of base metal padlocks, when their volume increased by 50% to X tons. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2015 with an increase of 5,448% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, base metal padlock exports soared to $X in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 5,976% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Egypt (X tons), Somalia (X tons) and Iran (X tons) were the main destinations of base metal padlock exports from Oman, with a combined 98% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +561.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for base metal padlock exported from Oman were Somalia ($X), Egypt ($X) and Iran ($X), together accounting for 96% of total exports.

In terms of the main countries of destination, Egypt, with a CAGR of +292.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average base metal padlock export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 222%. As a result, the export price attained the peak level of $X 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 Qatar ($X per ton), while the average price for exports to Egypt ($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 Somalia (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

Base Metal Padlock Imports

Imports into Oman

In 2022, approx. X tons of base metal padlocks were imported into Oman; reducing by -13.4% against 2021 figures. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 167%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, base metal padlock imports reduced dramatically to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 102%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest base metal padlock supplier to Oman, accounting for a 70% share of total imports. Moreover, base metal padlock imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. The third position in this ranking was held by Sri Lanka (X tons), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-17.7% per year) and Sri Lanka (+55.9% per year).

In value terms, the United Arab Emirates ($X), China ($X) and Turkey ($X) were the largest base metal padlock suppliers to Oman, together accounting for 73% of total imports. Sri Lanka lagged somewhat behind, comprising a further 4.1%.

Sri Lanka, with a CAGR of +20.5%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average base metal padlock import price amounted to $X per ton, declining by -7.4% against the previous year. In general, the import price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 76% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then fell in the following year.

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 the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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