Oman: Market for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers 2024

Market Size for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in Oman

The Omani spindles and spindle flyer market rose markedly to $X in 2022, surging by 13% against the previous year. In general, consumption, however, saw a mild slump. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in Oman

In value terms, spindles and spindle flyer production reached $X in 2022 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.5% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

Exports from Oman

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers exported from Oman contracted sharply to X kg, waning by -25.2% against the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 121%. Over the period under review, the exports hit record highs at X kg in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, spindles and spindle flyer exports shrank markedly to $X in 2022. Overall, exports saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 172% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for spindles and spindle flyer exports from Oman, accounting for a 90% share of total exports. Moreover, spindles and spindle flyer exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) remains the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Oman, comprising 89% of total exports. The second position in the ranking was held by Qatar ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled -1.0%.

Export Prices by Country

The average spindles and spindle flyer export price stood at $X per ton in 2022, falling by -1.6% against the previous year. Overall, the export price recorded a perceptible decrease. The growth pace was the most rapid in 2018 an increase of 52%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+7.5%), while the prices for the other major destinations experienced a decline.

Imports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

Imports into Oman

Spindles and spindle flyer imports into Oman surged to X kg in 2022, rising by 49% compared with the year before. Over the period under review, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 141% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, spindles and spindle flyer imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when imports increased by 234% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X kg) constituted the largest spindles and spindle flyer supplier to Oman, with a 67% share of total imports. Moreover, spindles and spindle flyer imports from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-22.1% per year) and China (+13.8% per year).

In value terms, India ($X), China ($X) and the United Arab Emirates ($X) constituted the largest spindles and spindle flyer suppliers to Oman, together accounting for 91% of total imports.

In terms of the main suppliers, China, with a CAGR of +20.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average spindles and spindle flyer import price amounted to $X per ton, picking up by 11% against the previous year. In general, the import price, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2016 an increase of 45%. The import price peaked at $X per ton in 2012; however, from 2013 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 China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+53.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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