Oman: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Oman

In 2022, the Omani market for mattresses other than of cellular rubber or plastics decreased by -16.2% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, saw a slight expansion. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Mattresses other than of cellular rubber or plastics in Oman

In value terms, production of mattresses other than of cellular rubber or plastics shrank rapidly to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 270,334,000% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Oman

In 2022, exports of mattresses other than of cellular rubber or plastics from Oman reduced dramatically to X units, waning by -20.8% compared with the previous year. Over the period under review, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 1,290% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of mattresses other than of cellular rubber or plastics dropped significantly to $X in 2022. Overall, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2015 when exports increased by 1,193% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for exports of mattresses other than of cellular rubber or plastics from Oman, with a 50% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X units), twofold. The United Arab Emirates (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+48.5% per year) and the United Arab Emirates (+29.3% per year).

In value terms, the largest markets for mattresses other than of cellular rubber or plastics exported from Oman were Saudi Arabia ($X), Qatar ($X) and the United Arab Emirates ($X), together comprising 88% of total exports.

Qatar, with a CAGR of +63.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for mattresses other than of cellular rubber or plastics amounted to $X per unit, picking up by 2.6% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mattresses other than of cellular rubber or plastics decreased by -22.5% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 48%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Algeria ($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 Kuwait (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Oman

In 2022, approx. X units of mattresses other than of cellular rubber or plastics were imported into Oman; which is down by -2% against the year before. Over the period under review, imports, however, recorded a pronounced expansion. The pace of growth was the most pronounced in 2013 when imports increased by 45%. Over the period under review, imports of reached the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of mattresses other than of cellular rubber or plastics dropped to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 86% against the previous year. Over the period under review, imports of attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Oman, accounting for a 62% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X units), sixfold. Sri Lanka (X units) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+61.2% per year) and Sri Lanka (-15.9% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Oman, comprising 57% of total imports. The second position in the ranking was taken by Turkey ($X), with a 12% share of total imports. It was followed by Sri Lanka, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+58.3% per year) and Sri Lanka (-11.7% per year).

Import Prices by Country

In 2022, the average import price for mattresses other than of cellular rubber or plastics amounted to $X per unit, declining by -6.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 29% against the previous year. The import price peaked at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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