Oman: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Oman

In 2021, the Omani remote control apparatus market increased by 185% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a abrupt slump. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Remote Control Apparatus Exports

Exports from Oman

In 2021, overseas shipments of radio remote control apparatus increased by 48% to X kg, rising for the second consecutive year after two years of decline. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,300%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, remote control apparatus exports surged to $X in 2021. Overall, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 202%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X kg) was the main destination for remote control apparatus exports from Oman, accounting for a 76% share of total exports. Moreover, remote control apparatus exports to Iran exceeded the volume sent to the second major destination, Germany (X kg), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran amounted to +1,075.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.4% per year) and Qatar (+24.1% per year).

In value terms, Germany ($X) emerged as the key foreign market for radio remote control apparatus exports from Oman, comprising 60% of total exports. The second position in the ranking was taken by Qatar ($X), with a 15% share of total exports. It was followed by Iran, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+31.4% per year) and Iran (+25.9% per year).

Export Prices by Country

In 2021, the average remote control apparatus export price amounted to $X per ton, picking up by 13% against the previous year. Overall, the export price, however, faced a abrupt downturn. The growth pace was the most rapid in 2019 when the average export price increased by 266%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+155.2%), while the prices for the other major destinations experienced mixed trend patterns.

Remote Control Apparatus Imports

Imports into Oman

In 2021, purchases abroad of radio remote control apparatus increased by 234% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 265% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, remote control apparatus imports soared to $X in 2021. Overall, imports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 when imports increased by 151%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest remote control apparatus supplier to Oman, with a 63% share of total imports. Moreover, remote control apparatus imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Germany (X kg), tenfold. New Zealand (X kg) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.9% per year) and New Zealand (-1.6% per year).

In value terms, New Zealand ($X) constituted the largest supplier of radio remote control apparatus to Oman, comprising 49% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 16% share of total imports. It was followed by the United Arab Emirates, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from New Zealand stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-7.9% per year) and the United Arab Emirates (-20.4% per year).

Import Prices by Country

In 2021, the average remote control apparatus import price amounted to $X per ton, shrinking by -34% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 169% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was New Zealand ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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