Oman: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Oman

The Omani electric sound amplifier market shrank to $X in 2022, falling by -2.7% against the previous year. Overall, consumption, however, showed resilient growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Electric Sound Amplifier Production in Oman

In value terms, electric sound amplifier production declined to $X in 2022 estimated in export price. Overall, production, however, posted resilient growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 135% against the previous year. Electric sound amplifier production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Electric Sound Amplifier Exports

Exports from Oman

In 2022, overseas shipments of electric sound amplifier sets increased by 50% to X units, rising for the second consecutive year after three years of decline. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 3,015%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, electric sound amplifier exports surged to $X in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 4,784% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Qatar (X units) and Iran (X units) were the main destinations of electric sound amplifier exports from Oman, with a combined 99% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +84.3%), while the other leaders experienced mixed trend patterns.

In value terms, Qatar ($X) remains the key foreign market for electric sound amplifier sets exports from Oman, comprising 88% of total exports. The second position in the ranking was held by Iran ($X), with a 9.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar totaled +41.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+4.3% per year) and the United Arab Emirates (+37.2% per year).

Export Prices by Country

In 2022, the average electric sound amplifier export price amounted to $X per unit, with an increase of 5.4% against the previous year. Over the period under review, the export price enjoyed tangible growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 69%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, 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 Iran ($X per unit), while the average price for exports to the United Arab Emirates ($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 Iran (+13.9%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Sound Amplifier Imports

Imports into Oman

In 2022, purchases abroad of electric sound amplifier sets was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 167%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electric sound amplifier imports skyrocketed to $X in 2022. Overall, imports posted a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by 151%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest electric sound amplifier supplier to Oman, accounting for a 62% share of total imports. Moreover, electric sound amplifier imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold. China (X units) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+62.8% per year) and China (+39.6% per year).

In value terms, the United Arab Emirates ($X), Vietnam ($X) and China ($X) appeared to be the largest electric sound amplifier suppliers to Oman, together accounting for 76% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +51.8%, 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

The average electric sound amplifier import price stood at $X per unit in 2022, shrinking by -28.8% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2018 an increase of 62%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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