Oman: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Oman

In 2021, the Omani household sewing machine market increased by 65% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption enjoyed a temperate increase. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Household Sewing Machine Exports

Exports from Oman

After two years of decline, overseas shipments of household sewing machines increased by 150% to X units in 2021. In general, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 1,945%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, household sewing machine exports soared to $X in 2021. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 2,468%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Qatar (X units) was the main destination for household sewing machine exports from Oman, with a 70% share of total exports. Moreover, household sewing machine exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fourfold. The third position in this ranking was held by Iran (X units), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar amounted to -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+20.3% per year) and Iran (-18.5% per year).

In value terms, Qatar ($X) emerged as the key foreign market for household sewing machines exports from Oman, comprising 72% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 20% share of total exports. It was followed by Iran, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar stood at +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+28.6% per year) and Iran (-4.9% per year).

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, with an increase of 41% against the previous year. In general, the export price posted strong growth. The growth pace was the most rapid in 2013 when the average export price increased by 45%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Sudan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Oman

In 2021, after two years of decline, there was significant growth in purchases abroad of household sewing machines, when their volume increased by 51% to X units. Over the period under review, imports, however, continue to indicate a pronounced downturn. The growth pace was the most rapid in 2014 with an increase of 166% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, household sewing machine imports surged to $X in 2021. Overall, imports recorded pronounced growth. The pace of growth was the most pronounced in 2014 when imports increased by 178% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units), Thailand (X units) and Taiwan (Chinese) (X units) were the main suppliers of household sewing machine imports to Oman, with a combined 59% share of total imports. Vietnam, Singapore, India, China and Italy lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +43.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Thailand ($X) and Taiwan (Chinese) ($X) were the largest household sewing machine suppliers to Oman, together accounting for 68% of total imports. These countries were followed by Vietnam, Singapore, India, China and Italy, which together accounted for a further 15%.

Singapore, with a CAGR of +23.1%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average household sewing machine import price amounted to $X per unit, increasing by 18% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 35% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Italy ($X per unit) and China ($X per unit), while the price for Singapore ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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