Oman: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Oman

The Omani centrifugal clothes-dryer market soared to $X in 2021, rising by 126% 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). Overall, consumption, however, recorded a pronounced curtailment. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Centrifugal Clothes-Dryer Exports

Exports from Oman

In 2021, shipments abroad of centrifugal clothes-dryers increased by 167% to X units, rising for the second consecutive year after three years of decline. In general, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 200%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, centrifugal clothes-dryer exports soared to $X in 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 649% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Qatar (X units) was the main destination for centrifugal clothes-dryer exports from Oman, with a 75% share of total exports. Moreover, centrifugal clothes-dryer exports to Qatar exceeded the volume sent to the second major destination, Egypt (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar amounted to +22.0%.

In value terms, Qatar ($X) remains the key foreign market for centrifugal clothes-dryers exports from Oman, comprising 71% of total exports. The second position in the ranking was taken by Egypt ($X), with an 8.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Qatar stood at +45.7%.

Export Prices by Country

In 2021, the average centrifugal clothes-dryer export price amounted to $X per unit, dropping by -17.2% against the previous year. In general, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 173% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined sharply 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 Egypt totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+1,364.8%), while the prices for the other major destinations experienced mixed trend patterns.

Centrifugal Clothes-Dryer Imports

Imports into Oman

In 2021, approx. X units of centrifugal clothes-dryers were imported into Oman; picking up by 162% compared with the previous year's figure. In general, imports, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2014 when imports increased by 409% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, centrifugal clothes-dryer imports skyrocketed to $X in 2021. Overall, imports, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2014 with an increase of 330%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), Turkey (X units) and South Korea (X units) were the main suppliers of centrifugal clothes-dryer imports to Oman, with a combined 86% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +23.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest centrifugal clothes-dryer suppliers to Oman were South Korea ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined 74% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +23.5%, recorded the highest growth rate of the value of imports, 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 centrifugal clothes-dryer import price amounted to $X per unit, with a decrease of -20.1% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, centrifugal clothes-dryer import price increased by +40.2% against 2017 indices. The pace of growth appeared the most rapid in 2020 an increase of 36% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined remarkably in the following year.

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 Sweden ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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