Oman: Lithium-Ion Accumulator Market 2024

Lithium-Ion Accumulator Market Size in Oman

In 2021, the Omani lithium-ion accumulator market decreased by -9.5% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, recorded a significant expansion. Lithium-ion accumulator consumption peaked at $X in 2020, and then fell in the following year.

Lithium-Ion Accumulator Exports

Exports from Oman

In 2021, lithium-ion accumulator exports from Oman shrank dramatically to X units, with a decrease of -53.7% on 2020 figures. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2017 when exports increased by 1,749%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, lithium-ion accumulator exports fell remarkably to $X in 2021. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 when exports increased by 2,870% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Qatar (X units) was the main destination for lithium-ion accumulator exports from Oman, with a 89% share of total exports. Moreover, lithium-ion accumulator exports to Qatar exceeded the volume sent to the second major destination, Switzerland (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar totaled +47.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+104.3% per year) and Iran (0.0% per year).

In value terms, Qatar ($X) remains the key foreign market for lithium-ion accumulators exports from Oman, comprising 77% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar stood at +78.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+181.4% per year) and Iran (0.0% per year).

Export Prices by Country

The average lithium-ion accumulator export price stood at $X per unit in 2021, increasing by 41% against the previous year. Overall, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2019 an increase of 78% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per unit), while the average price for exports to Iran ($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 (+21.5%), while the prices for the other major destinations experienced mixed trend patterns.

Lithium-Ion Accumulator Imports

Imports into Oman

In 2021, overseas purchases of lithium-ion accumulators decreased by -11.6% to X units for the first time since 2017, thus ending a three-year rising trend. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 392% against the previous year. Over the period under review, imports attained the maximum at X units in 2020, and then declined in the following year.

In value terms, lithium-ion accumulator imports contracted to $X in 2021. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2014 with an increase of 642% against the previous year. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, China (X units) constituted the largest lithium-ion accumulator supplier to Oman, accounting for a 74% share of total imports. Moreover, lithium-ion accumulator imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fivefold. Italy (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +61.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+68.0% per year) and Italy (+80.1% per year).

In value terms, China ($X) constituted the largest supplier of lithium-ion accumulators to Oman, comprising 40% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by Germany, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +54.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+71.2% per year) and Germany (+79.6% per year).

Import Prices by Country

In 2021, the average lithium-ion accumulator import price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2017 an increase of 69% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform