Oman: Market for Builders' Joinery And Carpentry Of Wood 2024

Market Size for Builders' Joinery And Carpentry Of Wood in Oman

The Omani wooden joinery and carpentry market soared to $X in 2021, increasing by 39% 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 showed a relatively flat trend pattern. Wooden joinery and carpentry consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Exports of Builders' Joinery And Carpentry Of Wood

Exports from Oman

In 2021, shipments abroad of builders' joinery and carpentry of wood decreased by -37.5% to X tons, falling for the third consecutive year after two years of growth. In general, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 276%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden joinery and carpentry exports reduced sharply to $X in 2021. Over the period under review, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 196%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for wooden joinery and carpentry exports from Oman, accounting for a 50% share of total exports. Moreover, wooden joinery and carpentry exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. The third position in this ranking was taken by Somalia (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia amounted to +36.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+10.6% per year) and Somalia (+40.5% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for builders' joinery and carpentry of wood exports from Oman, comprising 60% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 16% share of total exports. It was followed by the United Arab Emirates, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia stood at +40.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+238.3% per year) and the United Arab Emirates (+12.5% per year).

Export Prices by Country

The average wooden joinery and carpentry export price stood at $X per ton in 2021, with an increase of 18% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2014 when the average export price increased by 50%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Germany ($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 Venezuela (+44.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood

Imports into Oman

In 2021, purchases abroad of builders' joinery and carpentry of wood was finally on the rise to reach X tons after three years of decline. In general, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -32.3% against 2017 indices. The growth pace was the most rapid in 2015 when imports increased by 53%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, wooden joinery and carpentry imports rose sharply to $X in 2021. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.1% against 2017 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Turkey (X tons) were the main suppliers of wooden joinery and carpentry imports to Oman, together comprising 79% of total imports. Belgium, Iran, Saudi Arabia, India, Malaysia and Luxembourg lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +499.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of builders' joinery and carpentry of wood to Oman, comprising 51% of total imports. The second position in the ranking was held by Turkey ($X), with a 14% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+24.2% per year) and China (-7.0% per year).

Import Prices by Country

The average wooden joinery and carpentry import price stood at $X per ton in 2021, reducing by -14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2019 an increase of 48% against the previous year. The import price peaked at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :