Oman: Loudspeaker Market 2025

Loudspeaker Market Size in Oman

The Omani loudspeaker market soared to $X in 2022, with an increase of 35% 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, consumption continues to indicate buoyant growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Loudspeaker Exports

Exports from Oman

Loudspeaker exports from Oman skyrocketed to X units in 2022, picking up by 161% against 2021. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 1,627%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, loudspeaker exports soared to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 2,191% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X units) was the main destination for loudspeaker exports from Oman, accounting for a 91% share of total exports. Moreover, loudspeaker exports to Qatar exceeded the volume sent to the second major destination, Iran (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar totaled +38.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+56.8% per year) and the United Arab Emirates (+47.4% per year).

In value terms, Qatar ($X) remains the key foreign market for loudspeakers exports from Oman, comprising 91% of total exports. The second position in the ranking was taken by Iran ($X), with a 5.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar amounted to +43.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+117.6% per year) and the United Arab Emirates (+76.2% per year).

Export Prices by Country

The average loudspeaker export price stood at $X per unit in 2022, dropping by -11.4% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, loudspeaker export price decreased by -19.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 48%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to the United Arab Emirates ($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 Iran (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Oman

In 2022, imports of loudspeakers into Oman surged to X units, with an increase of 53% against 2021 figures. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2017 when imports increased by 175% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, loudspeaker imports soared to $X in 2022. In general, imports saw strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 136%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest loudspeaker supplier to Oman, with a 81% share of total imports. Moreover, loudspeaker imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by China (X units), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled +35.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.3% per year) and China (+8.1% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of loudspeakers to Oman, comprising 73% of total imports. The second position in the ranking was taken by China ($X), with a 9.8% share of total imports. It was followed by Germany, with a 1.2% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.2% per year) and Germany (+4.9% per year).

Import Prices by Country

In 2022, the average loudspeaker import price amounted to $X per unit, shrinking by -19.9% against the previous year. In general, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 33%. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :