Oman: Electrical Insulator Market 2025

Electrical Insulator Market Size in Oman

After four years of decline, the Omani electrical insulator market increased by 9.2% to $X in 2022. Over the period under review, consumption showed a deep contraction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Electrical Insulator Exports

Exports from Oman

In 2022, the amount of electrical insulators exported from Oman contracted markedly to X units, with a decrease of -87% compared with 2021 figures. In general, exports continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2017 when exports increased by 675% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, electrical insulator exports fell sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 when exports increased by 913%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for electrical insulator exports from Oman, accounting for a 66% share of total exports. Moreover, electrical insulator exports to the United Arab Emirates exceeded the volume sent to the second major destination, Yemen (X units), threefold. Qatar (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+49.3% per year) and Qatar (-25.6% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for electrical insulators exports from Oman, comprising 67% of total exports. The second position in the ranking was taken by Yemen ($X), with a 23% share of total exports. It was followed by Qatar, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +54.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+71.8% per year) and Qatar (-25.9% per year).

Export Prices by Country

In 2022, the average electrical insulator export price amounted to $X per unit, surging by 7.1% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 an increase of 55%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to the UK ($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 the United Arab Emirates (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulator Imports

Imports into Oman

Electrical insulator imports into Oman fell markedly to X units in 2022, dropping by -33.2% against 2021 figures. Overall, imports faced a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 158% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electrical insulator imports shrank notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 when imports increased by 32%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), the United States (X units) and China (X units) were the main suppliers of electrical insulator imports to Oman, together comprising 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +19.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X), the United States ($X) and India ($X) were the largest electrical insulator suppliers to Oman, together comprising 60% of total imports.

India, with a CAGR of +2.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average electrical insulator import price amounted to $X per unit, with an increase of 26% against the previous year. Over the period under review, the import price saw a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 121% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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