Oman: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in Oman

The Omani bed-convertible seat market skyrocketed to $X in 2021, growing by 43% 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 enjoyed a significant increase. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in years to come.

Bed-Convertible Seat Exports

Exports from Oman

In 2021, overseas shipments of seats convertible into beds increased by 39% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports posted a strong expansion. The pace of growth was the most pronounced in 2018 when exports increased by 414%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, bed-convertible seat exports skyrocketed to $X in 2021. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 811% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Qatar (X units), Germany (X units) and the United Arab Emirates (X units) were the main destinations of bed-convertible seat exports from Oman, together comprising 91% of total exports. Kuwait and Saudi Arabia lagged somewhat behind, together comprising a further 7%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +53.3%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for seats convertible into beds exports from Oman, comprising 59% of total exports. The second position in the ranking was held by Germany ($X), with a 28% share of total exports. It was followed by the United Arab Emirates, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to Qatar stood at +33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+26.7% per year) and the United Arab Emirates (+22.6% per year).

Export Prices by Country

In 2021, the average bed-convertible seat export price amounted to $X per unit, growing by 2.9% against the previous year. In general, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 81% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into Oman

In 2021, the amount of seats convertible into beds imported into Oman soared to X units, jumping by 42% on 2020 figures. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 298%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, bed-convertible seat imports surged to $X in 2021. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 267% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The United Arab Emirates (X units), Turkey (X units) and China (X units) were the main suppliers of bed-convertible seat imports to Oman, with a combined 94% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +69.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bed-convertible seat suppliers to Oman were the United Arab Emirates ($X), Turkey ($X) and China ($X), together accounting for 95% of total imports.

Turkey, with a CAGR of +80.5%, saw the highest growth rate of the value of imports, in terms of 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 bed-convertible seat import price stood at $X per unit in 2021, remaining relatively unchanged against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2018 an increase of 34% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average 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 China ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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