Oman: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2024

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres in Oman

The Omani market for blankets and travelling rugs of synthetic fibres fell to $X in 2022, shrinking by -9.9% 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, however, continues to indicate significant growth. Travelling rugs of synthetic fibre consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from Oman

In 2022, after four years of decline, there was significant growth in overseas shipments of blankets and travelling rugs of synthetic fibres, when their volume increased by 29% to X units. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 2,221%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, travelling rugs of synthetic fibre exports dropped to $X in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 2,632%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Yemen (X units) was the main destination for travelling rugs of synthetic fibre exports from Oman, accounting for a 74% share of total exports. Moreover, travelling rugs of synthetic fibre exports to Yemen exceeded the volume sent to the second major destination, Somalia (X units), threefold. Qatar (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen stood at +42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+70.4% per year) and Qatar (+24.8% per year).

In value terms, the largest markets for travelling rugs of synthetic fibre exported from Oman were Yemen ($X), Somalia ($X) and Qatar ($X), together comprising 98% of total exports.

Somalia, with a CAGR of +77.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2022, dropping by -22.8% against the previous year. Overall, the export price, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 65%. As a result, the export price reached the peak level of $X per unit, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Yemen ($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 Qatar (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into Oman

Travelling rugs of synthetic fibre imports into Oman shrank to X units in 2022, with a decrease of -8.5% against the previous year's figure. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 198% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, travelling rugs of synthetic fibre imports contracted to $X in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 216%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest travelling rugs of synthetic fibre supplier to Oman, with a 68% share of total imports. Moreover, travelling rugs of synthetic fibre imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +35.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+26.1% per year) and Singapore (+11.3% per year).

In value terms, China ($X) constituted the largest supplier of blankets and travelling rugs of synthetic fibres to Oman, comprising 68% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+27.6% per year) and Singapore (+17.4% per year).

Import Prices by Country

In 2022, the average import price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, approximately mirroring the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 China ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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