Report Update Nov 1, 2024

Oman - Furniture Designed to Receive Refrigerating or Freezing Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Refrigerator Or Freezer Market 2024

Refrigerator Or Freezer Market Size in Oman

The Omani refrigerator or freezer market plummeted to $X in 2022, shrinking by -33.5% 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 continues to indicate a noticeable downturn. Refrigerator or freezer consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Refrigerator Or Freezer Exports

Exports from Oman

In 2022, overseas shipments of furniture designed to receive refrigerating or freezing equipment were finally on the rise to reach X units for the first time since 2015, thus ending a six-year declining trend. In general, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 71%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, refrigerator or freezer exports expanded rapidly to $X in 2022. Over the period under review, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 54%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) and Qatar (X units) were the main destinations of refrigerator or freezer exports from Oman.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of -1.4%).

In value terms, Qatar ($X) and the United Arab Emirates ($X) constituted the largest markets for refrigerator or freezer exported from Oman worldwide.

Qatar, with a CAGR of -4.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average refrigerator or freezer export price stood at $X per unit in 2022, with an increase of 8.2% against the previous year. In general, the export price saw a buoyant increase. The growth pace was the most rapid in 2019 an increase of 63%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to the United Arab Emirates amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+22.0%).

Refrigerator Or Freezer Imports

Imports into Oman

In 2022, the amount of furniture designed to receive refrigerating or freezing equipment imported into Oman reduced sharply to X units, shrinking by -24.9% on 2021 figures. In general, imports saw a pronounced decline. The most prominent rate of growth was recorded in 2018 when imports increased by 166% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, refrigerator or freezer imports reduced sharply to $X in 2022. Overall, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 325% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), Japan (X units) and South Korea (X units) were the main suppliers of refrigerator or freezer imports to Oman, with a combined 95% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +23.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest refrigerator or freezer suppliers to Oman were Japan ($X), the United Arab Emirates ($X) and South Korea ($X), with a combined 92% share of total imports.

South Korea, with a CAGR of +35.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average refrigerator or freezer import price amounted to $X per unit, shrinking by -17.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 111%. As a result, import price attained the peak level of $X per unit, and then contracted markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for furniture designed to receive refrigerating or freezing equipment in the world?

China remains the largest refrigerator or freezer consuming country worldwide, comprising approx. 20% of total volume. Moreover, refrigerator or freezer consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 7.1% share.

What are the largest producers of furniture designed to receive refrigerating or freezing equipment in the world?

The country with the largest volume of refrigerator or freezer production was China, accounting for 24% of total volume. Moreover, refrigerator or freezer production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.8% share.

What are the leading suppliers of furniture designed to receive refrigerating or freezing equipment to Oman?

In value terms, the United Arab Emirates, Japan and Italy were the largest refrigerator or freezer suppliers to Oman, together accounting for 91% of total imports.

What are the leading importers of furniture designed to receive refrigerating or freezing equipment from Oman?

In value terms, Qatar remains the key foreign market for refrigerator or freezer exports from Oman, comprising 86% of total exports. The second position in the ranking was occupied by the United Arab Emirates, with a 14% share of total exports.

What is the average export price for furniture designed to receive refrigerating or freezing equipment in Oman?

The average refrigerator or freezer export price stood at $1,563 per ton in 2021, which is down by -9.8% against the previous year.

What is the average import price for furniture designed to receive refrigerating or freezing equipment in Oman?

In 2021, the average refrigerator or freezer import price amounted to $3,430 per ton, dropping by -11.3% against the previous year.

This report provides an in-depth analysis of the refrigerator or freezer market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28253030 - Furniture designed to receive refrigerating or freezing equipment (including evaporators, complete refrigerating units)

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023