Oman: Video Game Console Market 2024

Video Game Console Market Size in Oman

The Omani video game console market contracted markedly to $X in 2022, reducing by -32.8% against the previous year. Over the period under review, consumption, however, posted notable growth. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Video Game Console Production in Oman

In value terms, video game console production fell rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 191%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Video Game Console Exports

Exports from Oman

In 2022, the amount of video game consoles exported from Oman expanded notably to X units, growing by 5.8% compared with the previous year. In general, exports posted significant growth. The pace of growth was the most pronounced in 2018 with an increase of 313% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, video game console exports fell to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2018 with an increase of 307% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X units), Iran (X units) and the United Arab Emirates (X units) were the main destinations of video game console exports from Oman, with a combined 100% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +80.0%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for video game consoles exports from Oman, comprising 90% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 5.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at +67.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+71.3% per year) and Iran (+16.6% per year).

Export Prices by Country

The average video game console export price stood at $X per unit in 2022, reducing by -18.8% against the previous year. In general, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2016 an increase of 72% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Iran ($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 Qatar (+3.2%), while the prices for the other major destinations experienced a decline.

Video Game Console Imports

Imports into Oman

After two years of growth, purchases abroad of video game consoles decreased by -92.6% to X units in 2022. Overall, imports showed a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 477%. Imports peaked at X units in 2021, and then declined significantly in the following year.

In value terms, video game console imports contracted notably to $X in 2022. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 5,612%. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted notably in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest video game console supplier to Oman, with a 89% share of total imports. Moreover, video game console imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -12.0%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of video game consoles to Oman, comprising 96% of total imports. The second position in the ranking was held by China ($X), with a 3.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to -12.8%.

Import Prices by Country

The average video game console import price stood at $X per unit in 2022, waning by -39.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 890% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 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 Arab Emirates ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%).

Source: IndexBox Platform

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