Oman: Electric Blanket Market 2024

Electric Blanket Market Size in Oman

The Omani electric blanket market soared to $X in 2021, growing by 49% against the previous year. Overall, consumption, however, recorded a dramatic shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electric Blanket Production in Oman

In value terms, electric blanket production shrank to $X in 2021 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +40.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 48% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Electric Blanket Exports

Exports from Oman

In 2021, shipments abroad of electric blankets decreased by -83.3% to X units, falling for the fourth year in a row after three years of growth. In general, exports faced a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 15,800%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, electric blanket exports fell markedly to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 16,614%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Iran (X units) was the main destination for electric blanket exports from Oman, with a 78% share of total exports. Moreover, electric blanket exports to Iran exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran was relatively modest.

In value terms, Iran ($X) emerged as the key foreign market for electric blankets exports from Oman, comprising 73% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Iran stood at +25.5%.

Export Prices by Country

In 2021, the average electric blanket export price amounted to $X per unit, growing by 32% against the previous year. Over the period under review, the export price showed prominent growth. The growth pace was the most rapid in 2019 an increase of 90%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Iran stood at $X per unit.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+13.3%).

Electric Blanket Imports

Imports into Oman

In 2021, the amount of electric blankets imported into Oman surged to X units, growing by 114% on 2020 figures. Overall, imports, however, continue to indicate a dramatic descent. The growth pace was the most rapid in 2014 with an increase of 412%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, electric blanket imports skyrocketed to $X in 2021. In general, imports, however, recorded a precipitous setback. The pace of growth appeared the most rapid in 2018 when imports increased by 745% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), India (X units) and Bahrain (X units) were the main suppliers of electric blanket imports to Oman, together comprising 69% of total imports. The United States, China and Turkey lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +17.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), the United Arab Emirates ($X) and India ($X) constituted the largest electric blanket suppliers to Oman, with a combined 66% share of total imports.

The United States, with a CAGR of +22.4%, 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

The average electric blanket import price stood at $X per unit in 2021, falling by -43.6% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The growth pace was the most rapid in 2018 when the average import price increased by 85% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+13.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :