Oman: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Oman

In 2022, the Omani market for window or wall air conditioning systems, self-contained or split-systems decreased by -11.3% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports from Oman

In 2022, the amount of window or wall air conditioning systems, self-contained or split-systems exported from Oman dropped notably to X units, declining by -19.3% on the previous year's figure. In general, exports, however, posted a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of 2,208% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems contracted rapidly to $X in 2022. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 2,166% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Iran (X units) and Yemen (X units) were the main destinations of exports of window or wall air conditioning systems, self-contained or split-systems from Oman, with a combined 78% share of total exports. Qatar, Hong Kong SAR, Bahrain and Singapore lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of +40.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for window, wall, or split air conditioning system exported from Oman were the United Arab Emirates ($X), Iran ($X) and Qatar ($X), with a combined 80% share of total exports. Yemen, Bahrain, Hong Kong SAR and Singapore lagged somewhat behind, together comprising a further 17%.

In terms of the main countries of destination, Bahrain, with a CAGR of +51.1%, saw the highest rates of growth with regard to 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

In 2022, the average export price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, reducing by -5.2% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for window or wall air conditioning systems, self-contained or split-systems increased by +22.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 37% against the previous year. The export price peaked at $X per unit in 2021, and then reduced in the following year.

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 Iran ($X per unit), while the average price for exports to Singapore ($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 Iran (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports into Oman

In 2022, supplies from abroad of window or wall air conditioning systems, self-contained or split-systems decreased by -15.7% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 46% against the previous year. Over the period under review, imports of hit record highs at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems reduced to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. Over the period under review, imports of attained the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of window, wall, or split air conditioning system to Oman, accounting for a 53% share of total imports. Moreover, imports of window or wall air conditioning systems, self-contained or split-systems from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fivefold. The United Arab Emirates (X units) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-10.7% per year) and the United Arab Emirates (-9.7% per year).

In value terms, China ($X) constituted the largest supplier of window or wall air conditioning systems, self-contained or split-systems to Oman, comprising 54% of total imports. The second position in the ranking was held by Thailand ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-9.0% per year) and the United Arab Emirates (-9.1% per year).

Import Prices by Country

In 2022, the average import price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, surging by 6.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 26% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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