Oman: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2024

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Oman

The Omani market for iron or steel gas domestic cooking appliances and plate warmers reduced rapidly to $X in 2022, dropping by -18.6% 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). In general, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +29.3% against 2020 indices. As a result, consumption reached the peak level of $X, and then fell sharply in the following year.

Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Exports from Oman

In 2022, shipments abroad of iron or steel gas domestic cooking appliances and plate warmers was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 6,242% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers skyrocketed to $X in 2022. In general, exports posted a significant increase. The growth pace was the most rapid in 2016 with an increase of 8,596% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X units) was the main destination for exports of iron or steel gas domestic cooking appliances and plate warmers from Oman, with a 79% share of total exports. Moreover, exports of iron or steel gas domestic cooking appliances and plate warmers to Qatar exceeded the volume sent to the second major destination, Somalia (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar totaled +30.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+52.0% per year) and Yemen (+16.0% per year).

In value terms, Qatar ($X) remains the key foreign market for iron or steel gas domestic cooking appliances and plate warmers exports from Oman, comprising 77% of total exports. The second position in the ranking was held by Somalia ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar totaled +29.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+66.0% per year) and Yemen (+18.3% per year).

Export Prices by Country

In 2022, the average export price for iron or steel gas domestic cooking appliances and plate warmers amounted to $X per unit, which is down by -15.1% against the previous year. In general, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 an increase of 37%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Yemen ($X per unit), while the average price for exports to Qatar ($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 Somalia (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Imports into Oman

In 2022, the amount of iron or steel gas domestic cooking appliances and plate warmers imported into Oman reduced to X units, falling by -14% on the year before. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 44% against the previous year. Imports peaked at X units in 2021, and then declined in the following year.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers declined notably to $X in 2022. In general, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 60% against the previous year. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Imports by Country

Turkey (X units), Italy (X units) and China (X units) were the main suppliers of imports of iron or steel gas domestic cooking appliances and plate warmers to Oman, with a combined 68% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +12.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and China ($X) constituted the largest iron or steel gas domestic cooking appliances and plate warmers suppliers to Oman, together comprising 68% of total imports.

In terms of the main suppliers, China, with a CAGR of +15.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, which is down by -5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 an increase of 15%. As a result, import price reached the peak level of $X per unit, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per unit) and Egypt ($X per unit), while the price for Vietnam ($X per unit) and Indonesia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform