Oman: Electrical Insulating Fittings Market 2025

Electrical Insulating Fittings Market Size in Oman

The Omani electrical insulating fittings market contracted to $X in 2022, falling by -8.3% 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, recorded a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Electrical Insulating Fittings Exports

Exports from Oman

After two years of growth, overseas shipments of electrical insulating fittings of plastics decreased by -16.5% to X tons in 2022. In general, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 598% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, electrical insulating fittings exports fell sharply to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 623%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Qatar (X tons) and Yemen (X tons) were the main destinations of electrical insulating fittings exports from Oman, with a combined 100% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +33.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X), Qatar ($X) and Yemen ($X) constituted the largest markets for electrical insulating fittings exported from Oman worldwide, together accounting for 100% of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +19.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average electrical insulating fittings export price amounted to $X per ton, which is down by -15.6% against the previous year. Overall, the export price recorded a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by 18% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (-2.0%), while the prices for the other major destinations experienced a decline.

Electrical Insulating Fittings Imports

Imports into Oman

In 2022, the amount of electrical insulating fittings of plastics imported into Oman reduced modestly to X tons, dropping by -3.4% on the year before. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 63% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, electrical insulating fittings imports contracted dramatically to $X in 2022. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 66%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest electrical insulating fittings supplier to Oman, with a 66% share of total imports. Moreover, electrical insulating fittings imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sevenfold. China (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-27.9% per year) and China (+0.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of electrical insulating fittings of plastics to Oman, comprising 48% of total imports. The second position in the ranking was held by Luxembourg ($X), with a 6.2% share of total imports. It was followed by China, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (-29.7% per year) and China (-9.3% per year).

Import Prices by Country

In 2022, the average electrical insulating fittings import price amounted to $X per ton, reducing by -14.5% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 44% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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