Report Update Nov 1, 2024

Oman - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Oman

The Omani sewing machine needle market fell rapidly to $X in 2022, which is down by -48.4% against the previous year. In general, consumption saw a significant contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Sewing Machine Needle Production in Oman

In value terms, sewing machine needle production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 17%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Sewing Machine Needle Exports

Exports from Oman

For the fourth year in a row, Oman recorded growth in shipments abroad of sewing machine needles, which increased by 29% to X units in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2019 when exports increased by 612%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, sewing machine needle exports dropped sharply to $X in 2022. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 800% against the previous year. The exports peaked at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Tanzania (X units) was the main destination for sewing machine needle exports from Oman, accounting for a 98% share of total exports. It was followed by Qatar (X units), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Tanzania stood at +35.8%.

In value terms, Tanzania ($X) remains the key foreign market for sewing machine needles exports from Oman, comprising 90% of total exports. The second position in the ranking was taken by Qatar ($X), with a 9.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Tanzania stood at +26.5%.

Export Prices by Country

The average sewing machine needle export price stood at $X per thousand units in 2022, falling by -34.4% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 133% against the previous year. As a result, the export price attained the peak level of $X per thousand units. From 2017 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 Qatar ($X per thousand units), while the average price for exports to Tanzania stood at $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+8.4%).

Sewing Machine Needle Imports

Imports into Oman

In 2022, purchases abroad of sewing machine needles decreased by -2.6% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 when imports increased by 308%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, sewing machine needle imports fell to $X in 2022. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 283% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) was the main sewing machine needle supplier to Oman, with a 99% share of total imports. It was followed by China (X units), with a 0.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -5.4%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of sewing machine needles to Oman, comprising 86% of total imports. The second position in the ranking was taken by China ($X), with a 0.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at -14.1%.

Import Prices by Country

In 2022, the average sewing machine needle import price amounted to $X per thousand units, standing approx. at the previous year. In general, the import price continues to indicate a slight setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by 82%. As a result, import price reached the peak level of $X per thousand units. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per thousand units), while the price for China totaled $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sewing machine needles in the world?

The Czech Republic remains the largest sewing machine needle consuming country worldwide, comprising approx. 69% of total volume. Moreover, sewing machine needle consumption in the Czech Republic exceeded the figures recorded by the second-largest consumer, Slovakia, more than tenfold. The third position in this ranking was occupied by Bulgaria, with a 3% share.

What are the largest producers of sewing machine needles in the world?

The countries with the highest volumes of in 2021 were Vietnam, India and the Czech Republic, with a combined 64% share of global production. South Korea, Singapore, Germany and China lagged somewhat behind, together comprising a further 27%.

What are the leading suppliers of sewing machine needles to Oman?

In value terms, the United Arab Emirates constituted the largest supplier of sewing machine needle to Oman, comprising 61% of total imports. The second position in the ranking was occupied by India, with a 17% share of total imports.

What are the leading importers of sewing machine needles from Oman?

In value terms, Tanzania $132) remains the key foreign market for sewing machine needle exports from Oman.

What is the average export price for sewing machine needles in Oman?

The average sewing machine needle export price stood at $66 per unit in 2021, reducing by -4.3% against the previous year.

What is the average import price for sewing machine needles in Oman?

In 2021, the average sewing machine needle import price amounted to $54 per unit, which is down by -8.4% against the previous year.

This report provides an in-depth analysis of the sewing machine needle market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28945230 - Sewing machine needles

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023