Oman: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Oman

The Omani primary cell and battery market stood at $X in 2022, approximately reflecting 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). The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Primary Cells and Batteries

Exports from Oman

In 2022, exports of primary cells and batteries from Oman fell rapidly to X units, dropping by -24.3% compared with the year before. Overall, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2018 when exports increased by 196% against the previous year. The exports peaked at X units in 2021, and then declined markedly in the following year.

In value terms, primary cell and battery exports reduced sharply to $X in 2022. In general, exports, however, continue to indicate moderate growth. The pace of growth was the most pronounced in 2021 when exports increased by 109%. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

Somalia (X units) was the main destination for primary cell and battery exports from Oman, with a 70% share of total exports. Moreover, primary cell and battery exports to Somalia exceeded the volume sent to the second major destination, Qatar (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to Somalia amounted to +53.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+0.6% per year) and Germany (+80.9% per year).

In value terms, Somalia ($X) remains the key foreign market for primary cells and batteries exports from Oman, comprising 57% of total exports. The second position in the ranking was taken by Yemen ($X), with a 17% share of total exports. It was followed by Qatar, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Somalia stood at +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+32.1% per year) and Qatar (-5.2% per year).

Export Prices by Country

In 2022, the average primary cell and battery export price amounted to $X per unit, declining by -2.3% against the previous year. In general, the export price saw a deep setback. The growth pace was the most rapid in 2014 when the average export price increased by 78% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Germany ($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 Saudi Arabia (+51.9%), while the prices for the other major destinations experienced a decline.

Imports of Primary Cells and Batteries

Imports into Oman

In 2022, purchases abroad of primary cells and batteries decreased by -9.5% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 51%. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, primary cell and battery imports reduced to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.0% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 33% against the previous year. Imports peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

The United Arab Emirates (X units), China (X units) and India (X units) were the main suppliers of primary cell and battery imports to Oman, with a combined 67% share of total imports. Singapore, Belgium, South Africa, Egypt and Indonesia lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +161.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of primary cells and batteries to Oman, comprising 43% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Singapore, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.4% per year) and Singapore (-2.8% per year).

Import Prices by Country

The average primary cell and battery import price stood at $X per unit in 2022, surging by 5.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 39%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 United Arab Emirates ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform