Oman: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Oman

In 2022, after four years of decline, there was significant growth in the Omani fire extinguisher market, when its value increased by 9.8% to $X. Overall, consumption saw a relatively flat trend pattern. Fire extinguisher consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Fire Extinguisher Exports

Exports from Oman

In 2022, fire extinguisher exports from Oman fell sharply to X units, declining by -25.4% against 2021 figures. In general, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2015 when exports increased by 700%. Over the period under review, the exports reached the maximum at X units in 2021, and then dropped remarkably in the following year.

In value terms, fire extinguisher exports reduced to $X in 2022. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 786% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for fire extinguisher exports from Oman, with a 63% share of total exports. Moreover, fire extinguisher exports to France exceeded the volume sent to the second major destination, the UK (X units), more than tenfold. Germany (X units) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +95.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+63.1% per year) and Germany (-19.2% per year).

In value terms, France ($X) remains the key foreign market for fire extinguishers exports from Oman, comprising 71% of total exports. The second position in the ranking was taken by the UK ($X), with an 18% share of total exports. It was followed by Germany, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +63.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+60.3% per year) and Germany (-8.4% per year).

Export Prices by Country

In 2022, the average fire extinguisher export price amounted to $X per unit, with an increase of 28% against the previous year. Overall, the export price posted a measured expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 130% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($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 the United States (+586.7%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Oman

After four years of decline, overseas purchases of fire extinguishers increased by 7% to X units in 2022. Over the period under review, imports posted a modest increase. The pace of growth appeared the most rapid in 2014 with an increase of 50% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, fire extinguisher imports rose notably to $X in 2022. Overall, imports, however, showed a slight reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 27% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), China (X units) and Malaysia (X units) were the main suppliers of fire extinguisher imports to Oman, with a combined 89% share of total imports. The UK, the United States, Saudi Arabia, Singapore and India lagged somewhat behind, together accounting for a further 7.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +36.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of fire extinguishers to Oman, comprising 42% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 17% share of total imports. It was followed by China, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+47.7% per year) and China (-5.6% per year).

Import Prices by Country

In 2022, the average fire extinguisher import price amounted to $X per unit, with an increase of 2.6% against the previous year. In general, the import price, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2018 an increase of 26%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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