Oman: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Oman

The Omani wooden furniture treatments market rose significantly to $X in 2022, picking up by 5.9% 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 posted a prominent increase. Wooden furniture treatments consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Exports

Exports from Oman

In 2022, after seven years of growth, there was significant decline in overseas shipments of polishes and creams for wooden furniture and floors, when their volume decreased by -15.3% to X tons. Overall, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 74% against the previous year. The exports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, wooden furniture treatments exports contracted rapidly to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 61%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Kuwait (X tons), the United Arab Emirates (X tons) and Pakistan (X tons) were the main destinations of wooden furniture treatments exports from Oman, with a combined 93% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +35.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden furniture treatments exported from Oman were Kuwait ($X), the United Arab Emirates ($X) and Qatar ($X), with a combined 98% share of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +42.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2022, with a decrease of -4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2014 an increase of 48% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Pakistan ($X per ton) was 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 (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Oman

In 2022, imports of polishes and creams for wooden furniture and floors into Oman expanded notably to X tons, growing by 6.3% compared with the year before. Over the period under review, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 257% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden furniture treatments imports expanded to $X in 2022. Overall, imports saw buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 203%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of wooden furniture treatments to Oman, accounting for a 69% share of total imports. Moreover, wooden furniture treatments imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sixfold. Jordan (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +58.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+7.9% per year) and Jordan (+22.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to Oman, comprising 49% of total imports. The second position in the ranking was taken by Jordan ($X), with a 19% share of total imports. It was followed by Saudi Arabia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +40.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+51.8% per year) and Saudi Arabia (+8.5% per year).

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2022, with a decrease of -1.9% against the previous year. Over the period under review, the import price recorded a noticeable slump. The growth pace was the most rapid in 2013 when the average import price increased by 31%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 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 Jordan ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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