Oman: Market for Wood Boxes, Crates and Cable Drums 2025

Market Size for Wood Boxes, Crates and Cable Drums in Oman

In 2022, the Omani market for wood boxes, crates and cable drums increased by 25% to $X, rising for the second consecutive year after three years of decline. Overall, consumption recorded a notable increase. Wood box and cable drum consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Wood Boxes, Crates and Cable Drums

Exports from Oman

In 2022, shipments abroad of wood boxes, crates and cable drums decreased by -12.9% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 1,324%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, wood box and cable drum exports plummeted to $X in 2022. Overall, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 590%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Somalia (X units) was the main destination for wood box and cable drum exports from Oman, with a 40% share of total exports. Moreover, wood box and cable drum exports to Somalia exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold. Saudi Arabia (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Somalia stood at +36.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-24.8% per year) and Saudi Arabia (-22.9% per year).

In value terms, Somalia ($X) remains the key foreign market for wood boxes, crates and cable drums exports from Oman, comprising 41% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total exports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Somalia totaled +45.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-22.6% per year) and the United States (-6.5% per year).

Export Prices by Country

The average export price for wood boxes, crates and cable drums stood at $X per unit in 2022, reducing by -14.8% against the previous year. Overall, the export price, however, recorded pronounced growth. The pace of growth was the most pronounced in 2015 an increase of 142%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Qatar ($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 Somalia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Boxes, Crates and Cable Drums

Imports into Oman

In 2022, overseas purchases of wood boxes, crates and cable drums increased by 56% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, imports recorded mild growth. The pace of growth was the most pronounced in 2016 when imports increased by 122%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, wood box and cable drum imports shrank to $X in 2022. In general, imports, however, recorded a slight setback. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest wood box and cable drum supplier to Oman, with a 88% share of total imports. Moreover, wood box and cable drum imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Bahrain (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (-21.7% per year) and India (+38.4% per year).

In value terms, Bahrain ($X), the United Arab Emirates ($X) and India ($X) appeared to be the largest wood box and cable drum suppliers to Oman, together comprising 90% of total imports.

Among the main suppliers, India, with a CAGR of +22.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for wood boxes, crates and cable drums amounted to $X per unit, dropping by -43.1% against the previous year. Over the period under review, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 110%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+21.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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