Oman: Swivel Seat Market 2024

Swivel Seat Market Size in Oman

The Omani swivel seat market contracted to $X in 2022, declining by -13.5% 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). In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Swivel Seat Exports

Exports from Oman

After two years of decline, overseas shipments of swivel seats with variable height adjustments increased by 3.5% to X units in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 2,527% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, swivel seat exports contracted markedly to $X in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 1,979%. The exports peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for swivel seat exports from Oman, accounting for a 73% share of total exports. Moreover, swivel seat exports to the United Arab Emirates exceeded the volume sent to the second major destination, Somalia (X units), fourfold. Saudi Arabia (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +74.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+24.0% per year) and Saudi Arabia (+3.6% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for swivel seats with variable height adjustments exports from Oman, comprising 72% of total exports. The second position in the ranking was taken by Somalia ($X), with an 18% share of total exports. It was followed by Saudi Arabia, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +120.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+69.7% per year) and Saudi Arabia (+16.4% per year).

Export Prices by Country

In 2022, the average swivel seat export price amounted to $X per unit, with a decrease of -19.3% against the previous year. Overall, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 96% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then contracted rapidly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bahrain ($X per unit) and Somalia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and Saudi Arabia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+151.2%), while the prices for the other major destinations experienced more modest paces of growth.

Swivel Seat Imports

Imports into Oman

In 2022, imports of swivel seats with variable height adjustments into Oman contracted to X units, which is down by -6.1% compared with the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 65%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, swivel seat imports fell markedly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 53%. Over the period under review, imports hit record highs at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

The United Arab Emirates (X units), China (X units) and South Korea (X units) were the main suppliers of swivel seat imports to Oman, together comprising 74% of total imports. Egypt, Taiwan (Chinese), Malaysia, Turkey, Belgium and the United States lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +89.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest swivel seat suppliers to Oman were the United Arab Emirates ($X), China ($X) and the United States ($X), with a combined 64% share of total imports. South Korea, Egypt, Taiwan (Chinese), Malaysia, Belgium and Turkey lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, Belgium, with a CAGR of +36.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average swivel seat import price stood at $X per unit in 2022, which is down by -11% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2021 when the average import price increased by 30% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 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 the United States ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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