Oman: Market for Parts For Electric Filament Or Discharge Lamps 2024

Market Size for Parts For Electric Filament Or Discharge Lamps in Oman

In 2022, the Omani electric filament lamp parts market increased by 29% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, recorded a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Parts For Electric Filament Or Discharge Lamps

Exports from Oman

In 2022, after three years of growth, there was significant decline in shipments abroad of parts for electric filament or discharge lamps, when their volume decreased by -20.7% to X tons. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2015 when exports increased by 2,947%. The exports peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, electric filament lamp parts exports dropped markedly to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 12,806%. Over the period under review, the exports hit record highs at $X in 2021, and then declined sharply in the following year.

Exports by Country

Yemen (X tons) was the main destination for electric filament lamp parts exports from Oman, accounting for a 96% share of total exports. It was followed by the United Arab Emirates (X kg), with a 2.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen stood at +40.5%.

In value terms, Yemen ($X) remains the key foreign market for parts for electric filament or discharge lamps exports from Oman, comprising 74% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Yemen totaled +39.2%.

Export Prices by Country

The average electric filament lamp parts export price stood at $X per ton in 2022, shrinking by -16.1% against the previous year. In general, the export price recorded a perceptible slump. The growth pace was the most rapid in 2015 an increase of 324% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Yemen totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+17.8%).

Imports of Parts For Electric Filament Or Discharge Lamps

Imports into Oman

In 2022, supplies from abroad of parts for electric filament or discharge lamps increased by 16% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 199% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electric filament lamp parts imports declined to $X in 2022. Overall, imports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by 111% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of electric filament lamp parts to Oman, with a 55% share of total imports. Moreover, electric filament lamp parts imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+57.9% per year) and China (-29.1% per year).

In value terms, Taiwan (Chinese) ($X), the United Arab Emirates ($X) and the Netherlands ($X) constituted the largest electric filament lamp parts suppliers to Oman, with a combined 61% share of total imports.

Taiwan (Chinese), with a CAGR of +49.2%, saw 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 mixed trend patterns.

Import Prices by Country

In 2022, the average electric filament lamp parts import price amounted to $X per ton, dropping by -15.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 102%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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