Oman: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in Oman

The Omani electric filament lamp market fell remarkably to $X in 2021, declining by -17.3% 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). Over the period under review, consumption, however, saw a mild expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Electric Filament Lamp Exports

Exports from Oman

In 2021, overseas shipments of electric filament lamps decreased by -56.8% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 693%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric filament lamp exports dropped remarkably to $X in 2021. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 1,008% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X units) was the main destination for electric filament lamp exports from Oman, accounting for a 0.1% share of total exports. Moreover, electric filament lamp exports to Costa Rica exceeded the volume sent to the second major destination, Jamaica (X units), fourfold.

From 2012 to 2020, the average annual growth rate of volume to Costa Rica amounted to -36.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (0.0% per year) and Tanzania (-46.6% per year).

In value terms, Costa Rica ($X) emerged as the key foreign market for electric filament lamps exports from Oman, comprising 1.8% of total exports. The second position in the ranking was held by Tanzania ($X), with a 0.2% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to Costa Rica amounted to +53.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-32.9% per year) and Jamaica (+3,833.3% per year).

Export Prices by Country

The average electric filament lamp export price stood at $X per unit in 2020, with an increase of 16% against the previous year. In general, the export price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 109% against the previous year. The export price peaked in 2020 and is expected to retain growth in years to come.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+141.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Filament Lamp Imports

Imports into Oman

In 2021, electric filament lamp imports into Oman declined rapidly to X units, which is down by -17.7% on 2020. In general, imports, however, showed a measured increase. The pace of growth was the most pronounced in 2013 with an increase of 434% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, electric filament lamp imports contracted remarkably to $X in 2021. Over the period under review, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 236%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), the United Arab Emirates (X units) and Japan (X units) were the main suppliers of electric filament lamp imports to Oman, with a combined 18% share of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +10.0%), while imports for the other leaders experienced a decline.

In value terms, the largest electric filament lamp suppliers to Oman were the United Arab Emirates ($X), China ($X) and Japan ($X), together accounting for 85% of total imports.

China, with a CAGR of +22.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average electric filament lamp import price stood at $X per unit in 2020, growing by 48% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 85% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by South Africa (+143.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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