Oman: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in Oman

The Omani plastic shutters and blinds market shrank sharply to $X in 2022, which is down by -45.6% 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). Over the period under review, consumption, however, showed a tangible increase. As a result, consumption attained the peak level of $X, and then shrank remarkably in the following year.

Exports of Plastic Shutters And Blinds

Exports from Oman

In 2022, the amount of plastic shutters and blinds exported from Oman surged to X units, rising by 51% on the previous year's figure. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 347%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic shutters and blinds exports rose remarkably to $X in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 252%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X units), Somalia (X units) and the United Arab Emirates (X units) were the main destinations of plastic shutters and blinds exports from Oman, with a combined 99.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +110.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for plastic shutters and blinds exports from Oman, comprising 75% of total exports. The second position in the ranking was held by Somalia ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar amounted to +62.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+42.2% per year) and the United Arab Emirates (+94.8% per year).

Export Prices by Country

The average plastic shutters and blinds export price stood at $X per unit in 2022, dropping by -28.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 57% against the previous year. The export price peaked at $X per unit in 2021, and then fell remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to the United Arab Emirates ($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 Qatar (+9.1%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Shutters And Blinds

Imports into Oman

In 2022, approx. X units of plastic shutters and blinds were imported into Oman; waning by -47.6% on the previous year's figure. Over the period under review, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2016 with an increase of 116%. Imports peaked at X units in 2021, and then shrank dramatically in the following year.

In value terms, plastic shutters and blinds imports declined notably to $X in 2022. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2021 when imports increased by 323%. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest supplier of plastic shutters and blinds to Oman, accounting for a 55% share of total imports. Moreover, plastic shutters and blinds imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. Kuwait (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.9% per year) and Kuwait (+30.2% per year).

In value terms, the United Arab Emirates ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest plastic shutters and blinds suppliers to Oman, with a combined 74% share of total imports. Turkey, Kuwait, Saudi Arabia and Iran lagged somewhat behind, together comprising a further 14%.

Kuwait, with a CAGR of +29.4%, 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 more modest paces of growth.

Import Prices by Country

The average plastic shutters and blinds import price stood at $X per unit in 2022, with an increase of 18% against the previous year. Over the period under review, the import price showed a prominent expansion. The pace of growth was the most pronounced in 2021 an increase of 169%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+37.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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