Oman: Magnetic Card Market 2025

Magnetic Card Market Size in Oman

In 2021, the Omani magnetic card market was finally on the rise to reach $X after three years of decline. In general, consumption saw a buoyant increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Magnetic Card Production in Oman

In value terms, magnetic card production surged to $X in 2021 estimated in export price. In general, production posted a strong expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 154%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Magnetic Card Exports

Exports from Oman

In 2021, shipments abroad of cards incorporating a magnetic stripe increased by 245% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a sharp descent. The pace of growth appeared the most rapid in 2017 when exports increased by 325% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, magnetic card exports soared to $X in 2021. Overall, exports, however, saw a sharp curtailment. The pace of growth was the most pronounced in 2017 with an increase of 591%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), Egypt (X units) and Iran (X units) were the main destinations of magnetic card exports from Oman, together comprising 61% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +6.9%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) remains the key foreign market for cards incorporating a magnetic stripe exports from Oman, comprising 77% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 5.8% share of total exports. It was followed by the United Arab Emirates, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to Egypt stood at +79.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-46.3% per year) and the United Arab Emirates (-33.8% per year).

Export Prices by Country

The average magnetic card export price stood at $X per unit in 2021, with a decrease of -21% against the previous year. Over the period under review, the export price, however, posted a significant increase. The growth pace was the most rapid in 2013 when the average export price increased by 210% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Card Imports

Imports into Oman

In 2021, the amount of cards incorporating a magnetic stripe imported into Oman fell notably to X units, shrinking by -24.5% on 2020 figures. In general, imports showed a precipitous decrease. The pace of growth was the most pronounced in 2016 with an increase of 796% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, magnetic card imports rose notably to $X in 2021. Overall, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 623%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), Taiwan (Chinese) (X units) and Switzerland (X units) were the main suppliers of magnetic card imports to Oman, together accounting for 82% of total imports. These countries were followed by Hong Kong SAR, South Africa, Qatar and the Netherlands, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of -12.4%), while purchases for the other leaders experienced a decline.

In value terms, the largest magnetic card suppliers to Oman were the United Arab Emirates ($X), Taiwan (Chinese) ($X) and Qatar ($X), with a combined 77% share of total imports.

Qatar, with a CAGR of +20.9%, 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 2021, the average magnetic card import price amounted to $X per unit, increasing by 47% against the previous year. In general, the import price recorded a significant expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 154% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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 Qatar ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+53.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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