Oman: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in Oman

The Omani personal weighing machine market reduced to $X in 2022, with a decrease of -3.5% 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). Overall, consumption, however, showed a prominent increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Personal Weighing Machine Exports

Exports from Oman

In 2022, approx. X units of personal weighing machines were exported from Oman; jumping by 120% against 2021 figures. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 23,400% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, personal weighing machine exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2016 with an increase of 22,706%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Somalia (X units) was the main destination for personal weighing machine exports from Oman, with a 59% share of total exports. Moreover, personal weighing machine exports to Somalia exceeded the volume sent to the second major destination, Iran (X units), threefold. Qatar (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Somalia amounted to +79.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+65.7% per year) and Qatar (+24.5% per year).

In value terms, Somalia ($X) remains the key foreign market for personal weighing machines exports from Oman, comprising 58% of total exports. The second position in the ranking was held by Iran ($X), with a 21% share of total exports. It was followed by Qatar, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Somalia stood at +72.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+56.4% per year) and Qatar (+13.2% per year).

Export Prices by Country

The average personal weighing machine export price stood at $X per unit in 2022, dropping by -3.9% against the previous year. Overall, the export price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 84%. 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 somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Qatar ($X per unit) and Iran ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and Somalia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+20.1%), while the prices for the other major destinations experienced a decline.

Personal Weighing Machine Imports

Imports into Oman

In 2022, after two years of decline, there was growth in purchases abroad of personal weighing machines, when their volume increased by 1.8% to X units. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 110% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, personal weighing machine imports dropped to $X in 2022. Overall, imports saw prominent growth. The growth pace was the most rapid in 2017 with an increase of 99%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest personal weighing machine supplier to Oman, with a 72% share of total imports. Moreover, personal weighing machine imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.4% per year) and Germany (+1.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of personal weighing machines to Oman, comprising 70% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Germany, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.3% per year) and Germany (+1.5% per year).

Import Prices by Country

In 2022, the average personal weighing machine import price amounted to $X per unit, shrinking by -3.9% against the previous year. In general, the import price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2020 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per unit) and Switzerland ($X per unit), while the price for Japan ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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