Oman: Electrical Musical Instrument Market 2024

Electrical Musical Instrument Market Size in Oman

The Omani electrical musical instrument market expanded notably to $X in 2022, increasing by X% against the previous year. Overall, consumption recorded a prominent expansion. Electrical musical instrument consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Electrical Musical Instrument Production in Oman

In value terms, electrical musical instrument production skyrocketed to $X in 2022 estimated in export price. In general, production showed a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electrical Musical Instrument Exports

Exports from Oman

In 2022, overseas shipments of electrical musical or keyboard instruments increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a mild slump. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electrical musical instrument exports skyrocketed to $X in 2022. In general, exports posted a tangible expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X units) was the main destination for electrical musical instrument exports from Oman, with a X% share of total exports. It was followed by the United Arab Emirates (X units), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar totaled X%.

In value terms, Qatar ($X) remains the key foreign market for electrical musical or keyboard instruments exports from Oman, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar totaled X%.

Export Prices by Country

The average electrical musical instrument export price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 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 the United Arab Emirates ($X per unit), while the average price for exports to Qatar stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Musical Instrument Imports

Imports into Oman

After two years of growth, purchases abroad of electrical musical or keyboard instruments decreased by X% to X units in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, electrical musical instrument imports contracted to $X in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest electrical musical instrument supplier to Oman, accounting for a X% share of total imports. Moreover, electrical musical instrument imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Qatar (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Qatar (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of electrical musical or keyboard instruments to Oman, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average electrical musical instrument import price amounted to $X per unit, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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