Oman: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Oman

In 2022, the Omani travelling wool rug market was finally on the rise to reach $X for the first time since 2013, thus ending a eight-year declining trend. In general, consumption, however, saw a abrupt descent. Travelling wool rug consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Travelling Wool Rug Exports

Exports from Oman

Travelling wool rug exports from Oman fell markedly to X units in 2022, waning by -21.5% against the previous year. In general, exports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 744%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, travelling wool rug exports contracted sharply to $X in 2022. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by 499% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units), Jordan (X units) and Iran (X units) were the main destinations of travelling wool rug exports from Oman, together comprising 71% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jordan (with a CAGR of -4.1%), while the other leaders experienced a decline.

In value terms, Saudi Arabia ($X) remains the key foreign market for blankets and travelling rugs of wool exports from Oman, comprising 94% of total exports. The second position in the ranking was held by Iran ($X), with a 2.2% share of total exports. It was followed by Qatar, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (-38.6% per year) and Qatar (-34.9% per year).

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2022, picking up by 6.7% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, travelling wool rug export price decreased by -6.5% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 45%. As a result, the export price attained the peak level of $X per unit. From 2016 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 Saudi Arabia ($X per unit), while the average price for exports to Jordan ($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 Saudi Arabia (+12.9%), while the prices for the other major destinations experienced a decline.

Travelling Wool Rug Imports

Imports into Oman

In 2022, supplies from abroad of blankets and travelling rugs of wool increased by 71% to X units for the first time since 2013, thus ending a eight-year declining trend. Overall, imports, however, continue to indicate a deep setback. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, travelling wool rug imports surged to $X in 2022. Over the period under review, imports, however, faced a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest supplier of travelling wool rug to Oman, accounting for a 90% share of total imports. Moreover, travelling wool rug imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The third position in this ranking was taken by Switzerland (X units), with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.1% per year) and Switzerland (+35.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of blankets and travelling rugs of wool to Oman, comprising 92% of total imports. The second position in the ranking was held by Switzerland ($X), with a 3% share of total imports. It was followed by China, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to -18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+47.4% per year) and China (-8.5% per year).

Import Prices by Country

In 2022, the average travelling wool rug import price amounted to $X per unit, with a decrease of -19% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 40%. As a result, import price attained the peak level of $X per unit, and then plummeted 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 Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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