Oman: Magnetic Media Market 2025

Magnetic Media Market Size in Oman

In 2021, the Omani magnetic media market increased by 118% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, saw a abrupt decrease. Magnetic media consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Magnetic Media Exports

Exports from Oman

In 2021, after two years of decline, there was significant growth in shipments abroad of magnetic media, not recorded, except cards with a magnetic stripe, when their volume increased by 851% to X units. Overall, exports continue to indicate a tangible expansion. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, magnetic media exports soared to $X in 2021. In general, exports saw prominent growth. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), the UK (X units) and Qatar (X units) were the main destinations of magnetic media exports from Oman, together comprising 88% 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 +78.3%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for magnetic media, not recorded, except cards with a magnetic stripe exports from Oman, comprising 56% of total exports. The second position in the ranking was taken by the United States ($X), with an 18% share of total exports. It was followed by Qatar, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.0% per year) and Qatar (+84.6% per year).

Export Prices by Country

The average magnetic media export price stood at $X per unit in 2021, increasing by 19% against the previous year. Overall, the export price posted a buoyant expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 101%. The export price peaked at $X per unit in 2017; however, from 2018 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 the UK ($X per unit), while the average price for exports to South Africa ($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 the United Arab Emirates (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Media Imports

Imports into Oman

In 2021, supplies from abroad of magnetic media, not recorded, except cards with a magnetic stripe increased by 115% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a significant decline. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, magnetic media imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a perceptible downturn. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), the United Arab Emirates (X units) and Luxembourg (X units) were the main suppliers of magnetic media imports to Oman, with a combined 73% share of total imports. Mexico, the Czech Republic, Saudi Arabia, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +70.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Mexico ($X) and Japan ($X) were the largest magnetic media suppliers to Oman, together comprising 64% of total imports.

Among the main suppliers, Mexico, with a CAGR of +139.4%, saw 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

In 2021, the average magnetic media import price amounted to $X per unit, increasing by 13% against the previous year. In general, the import price recorded a significant increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 119%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+40.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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