Oman: Men Swimwear Market 2024

Men Swimwear Market Size in Oman

In 2021, after four years of growth, there was decline in the Omani men swimwear market, when its value decreased by -3.6% to $X. Over the period under review, consumption, however, saw significant growth. Over the period under review, the market attained the peak level at $X in 2020, and then shrank slightly in the following year.

Men Swimwear Exports

Exports from Oman

In 2021, the amount of men’s swimwear (excluding of knitted or crocheted textiles) exported from Oman contracted dramatically to X units, declining by -73.9% on the previous year's figure. In general, exports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2020 when exports increased by 195%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, men swimwear exports dropped significantly to $X in 2021. Over the period under review, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 191%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Qatar (X units) was the main destination for men swimwear exports from Oman, accounting for a 81% share of total exports. Moreover, men swimwear exports to Qatar exceeded the volume sent to the second major destination, Yemen (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Qatar amounted to -29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-88.2% per year) and the United Arab Emirates (-20.3% per year).

In value terms, Qatar ($X) emerged as the key foreign market for men’s swimwear (excluding of knitted or crocheted textiles) exports from Oman, comprising 80% of total exports. The second position in the ranking was held by Yemen ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Qatar was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-84.2% per year) and the United Arab Emirates (+1.8% per year).

Export Prices by Country

The average men swimwear export price stood at $X per unit in 2021, jumping by 35% against the previous year. In general, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of 44% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Yemen ($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 (+40.8%), while the prices for the other major destinations experienced more modest paces of growth.

Men Swimwear Imports

Imports into Oman

After three years of growth, overseas purchases of men’s swimwear (excluding of knitted or crocheted textiles) decreased by -16.3% to X units in 2021. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 861% against the previous year. Imports peaked at X units in 2020, and then dropped markedly in the following year.

In value terms, men swimwear imports expanded notably to $X in 2021. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 777%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

The United Arab Emirates (X units), China (X units) and Ukraine (X units) were the main suppliers of men swimwear imports to Oman, together accounting for 62% of total imports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +218.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest men swimwear suppliers to Oman were the United Arab Emirates ($X), China ($X) and Ukraine ($X), with a combined 60% share of total imports.

Ukraine, with a CAGR of +273.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average men swimwear import price stood at $X per unit in 2021, surging by 32% against the previous year. In general, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +14.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, men swimwear import price increased by +56.8% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 141%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Turkey ($X per unit) and Ukraine ($X per unit), while the price for the United Arab Emirates ($X per unit) and Australia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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