Oman: Travel Set Market 2024

Travel Set Market Size in Oman

The Omani travel set market shrank dramatically to $X in 2021, reducing by -65.6% 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). Over the period under review, consumption showed a abrupt decline. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Travel Set Exports

Exports from Oman

In 2021, after two years of growth, there was significant decline in overseas shipments of travel sets, when their volume decreased by -88.4% to X units. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 645%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, travel set exports dropped rapidly to $X in 2021. Overall, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2015 with an increase of 739%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Yemen (X units) was the main destination for travel set exports from Oman, accounting for a 74% share of total exports. Moreover, travel set exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X units), sixfold. The third position in this ranking was held by Somalia (X units), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Yemen stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-20.8% per year) and Somalia (-30.3% per year).

In value terms, Yemen ($X) emerged as the key foreign market for travel sets exports from Oman, comprising 61% of total exports. The second position in the ranking was held by Qatar ($X), with an 11% share of total exports. It was followed by the United Arab Emirates, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to Yemen totaled -17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-5.2% per year) and the United Arab Emirates (-24.5% per year).

Export Prices by Country

In 2021, the average travel set export price amounted to $X per unit, shrinking by -20.4% against the previous year. In general, the export price recorded a abrupt descent. The growth pace was the most rapid in 2017 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per unit), while the average price for exports to Somalia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Travel Set Imports

Imports into Oman

In 2021, imports of travel sets into Oman dropped remarkably to X units, falling by -64.3% against 2020 figures. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 131%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, travel set imports reduced notably to $X in 2021. In general, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 when imports increased by 85% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Hong Kong SAR (X units) and the United Arab Emirates (X units) were the main suppliers of travel set imports to Oman, together comprising 81% of total imports. Sri Lanka, South Korea and Turkey lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +49.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest travel set suppliers to Oman were Hong Kong SAR ($X), China ($X) and the United Arab Emirates ($X), with a combined 92% share of total imports. Sri Lanka, Turkey and South Korea lagged somewhat behind, together comprising a further 2.7%.

Turkey, with a CAGR of +10.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average travel set import price stood at $X per unit in 2021, dropping by -13.5% against the previous year. In general, the import price showed a perceptible decrease. The pace of growth was the most pronounced in 2014 an increase of 50% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, 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 Hong Kong SAR ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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