Oman: Ironing Machine Market 2024

Ironing Machine Market Size in Oman

In 2021, the Omani ironing machine market increased by 21% to $X, rising for the third year in a row after three years of decline. Overall, consumption continues to indicate a significant expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Ironing Machine Production in Oman

In value terms, ironing machine production totaled less than $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with a decrease of 99.9%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Ironing Machine Exports

Exports from Oman

For the eighth consecutive year, Oman recorded growth in shipments abroad of ironing machines and presses, which increased by 301% to X units in 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ironing machine exports skyrocketed to $X in 2021. Overall, exports recorded a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Qatar (X units), Yemen (X units) and Iran (X units) were the main destinations of ironing machine exports from Oman, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +24.1%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for ironing machines and presses exports from Oman, comprising 75% of total exports. The second position in the ranking was held by Iran ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar amounted to +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (-0.9% per year) and Yemen (0.0% per year).

Export Prices by Country

The average ironing machine export price stood at $X per unit in 2021, waning by -27.1% against the previous year. Overall, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2019 when the average export price decreased by -1.7% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Qatar ($X per unit), while the average price for exports to Yemen ($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 Qatar (-5.2%).

Ironing Machine Imports

Imports into Oman

After two years of growth, supplies from abroad of ironing machines and presses decreased by -44.2% to X units in 2021. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 187% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, ironing machine imports declined markedly to $X in 2021. Overall, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 262%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest supplier of ironing machine to Oman, with a 59% share of total imports. Moreover, ironing machine imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, France (X units), sixfold. The third position in this ranking was taken by Belgium (X units), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+67.5% per year) and Belgium (+27.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of ironing machines and presses to Oman, comprising 24% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by France, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+57.0% per year) and France (+2.9% per year).

Import Prices by Country

The average ironing machine import price stood at $X per unit in 2021, rising by 34% against the previous year. In general, the import price, however, saw a deep downturn. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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