Oman: Wire And Cable Market 2025

Wire And Cable Market Size in Oman

In 2021, the Omani wire and cable market decreased by -23% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wire And Cable Production in Oman

In value terms, wire and cable production surged to $X in 2021 estimated in export price. Over the period under review, production posted resilient growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 134%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Wire And Cable Exports

Exports from Oman

In 2021, shipments abroad of insulated wire and cable increased by 4.5% to X tons, rising for the second consecutive year after three years of decline. Overall, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 183% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, wire and cable exports surged to $X in 2021. In general, exports saw a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by 216% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for wire and cable exports from Oman, accounting for a 37% share of total exports. Moreover, wire and cable exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), twofold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+2.1% per year) and Saudi Arabia (+9.9% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for insulated wire and cable exports from Oman, comprising 40% of total exports. The second position in the ranking was taken by Qatar ($X), with an 18% share of total exports. It was followed by Kuwait, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+2.0% per year) and Kuwait (+30.6% per year).

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2021, picking up by 25% against the previous year. Over the period under review, the export price, however, saw a mild curtailment. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, 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 Iraq ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Wire And Cable Imports

Imports into Oman

In 2021, approx. X tons of insulated wire and cable were imported into Oman; reducing by -37.3% compared with the year before. In general, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2013 when imports increased by 50% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, wire and cable imports shrank rapidly to $X in 2021. Overall, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 51%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest wire and cable supplier to Oman, with a 42% share of total imports. Moreover, wire and cable imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by the United States (X tons), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.0% per year) and the United States (+6.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of insulated wire and cable to Oman, comprising 36% of total imports. The second position in the ranking was held by India ($X), with a 17% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.5% per year) and the United States (-0.6% per year).

Import Prices by Country

In 2021, the average wire and cable import price amounted to $X per ton, with an increase of 29% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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