Oman: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2025

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Oman

In 2022, the Omani stainless steel household articles market increased by 13% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Oman

In 2022, approx. X units of table, kitchen or household articles and parts of stainless steel were exported from Oman; jumping by 31% against the previous year. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 526%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, stainless steel household articles exports skyrocketed to $X in 2022. Overall, exports recorded a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by 575% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X units) was the main destination for stainless steel household articles exports from Oman, accounting for a 59% share of total exports. Moreover, stainless steel household articles exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. The third position in this ranking was held by Somalia (X units), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar totaled +39.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+18.9% per year) and Somalia (+71.0% per year).

In value terms, Qatar ($X) remains the key foreign market for table, kitchen or household articles and parts of stainless steel exports from Oman, comprising 68% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 20% share of total exports. It was followed by Iran, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar totaled +40.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+9.4% per year) and Iran (+11.1% per year).

Export Prices by Country

The average stainless steel household articles export price stood at $X per unit in 2022, declining by -9.1% against the previous year. In general, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of 32% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Nepal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+14.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Oman

After three years of decline, overseas purchases of table, kitchen or household articles and parts of stainless steel increased by 32% to X units in 2022. In general, imports enjoyed a temperate increase. The most prominent rate of growth was recorded in 2018 when imports increased by 384% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, stainless steel household articles imports totaled $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 287% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), China (X units) and India (X units) were the main suppliers of stainless steel household articles imports to Oman, with a combined 94% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel household articles suppliers to Oman were the United Arab Emirates ($X), China ($X) and India ($X), together comprising 86% of total imports.

Among the main suppliers, China, with a CAGR of +15.7%, recorded the highest rates of growth with regard to 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

In 2022, the average stainless steel household articles import price amounted to $X per unit, dropping by -23.3% against the previous year. Over the period under review, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 46%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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