Oman: Stranded Wire Market 2025

Stranded Wire Market Size in Oman

In 2021, the Omani stranded wire market increased by 35% to $X, rising for the third consecutive year after two years of decline. In general, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +129.2% against 2018 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

Stranded Wire Production in Oman

In value terms, stranded wire production dropped rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 150% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Stranded Wire Exports

Exports from Oman

In 2021, shipments abroad of stranded wire, ropes and cables decreased by -59.8% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 866%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, stranded wire exports declined remarkably to $X in 2021. Over the period under review, exports, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 764%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Germany (X tons) and Saudi Arabia (X tons) were the main destinations of stranded wire exports from Oman, together comprising 41% of total exports. Yemen, Pakistan, Qatar, Romania and India lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +216.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stranded wire exported from Oman were Germany ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together comprising 41% of total exports. Romania, India, Yemen, Qatar and Pakistan lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, India, with a CAGR of +172.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stranded wire export price stood at $X per ton in 2021, growing by 22% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2017 when the average export price increased by 66% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 India ($X per ton), while the average price for exports to Pakistan ($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 Saudi Arabia (-0.5%), while the prices for the other major destinations experienced a decline.

Stranded Wire Imports

Imports into Oman

In 2021, the amount of stranded wire, ropes and cables imported into Oman skyrocketed to X tons, picking up by 45% against 2020. Over the period under review, imports, however, saw a pronounced decline. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, stranded wire imports skyrocketed to $X in 2021. Overall, imports, however, recorded a noticeable descent. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bahrain (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of stranded wire imports to Oman, together accounting for 85% of total imports. China, Brazil and Saudi Arabia lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +182.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X) constituted the largest supplier of stranded wire, ropes and cables to Oman, comprising 56% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 27% share of total imports. It was followed by China, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Bahrain stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+17.9% per year) and China (+1.2% per year).

Import Prices by Country

The average stranded wire import price stood at $X per ton in 2021, surging by 35% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Bahrain ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :