Oman: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Oman

The Omani wooden office furniture market soared to $X in 2021, rising by 101% 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). Overall, consumption, however, recorded a slight curtailment. Wooden office furniture consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Wooden Office Furniture Exports

Exports from Oman

In 2021, after two years of growth, there was significant decline in overseas shipments of wooden furniture of a kind used in offices, when their volume decreased by -87.2% to X units. In general, exports showed a abrupt setback. The growth pace was the most rapid in 2015 when exports increased by 579% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden office furniture exports shrank markedly to $X in 2021. Over the period under review, exports showed a abrupt decline. The growth pace was the most rapid in 2019 with an increase of 235%. The exports peaked at $X in 2020, and then declined remarkably in the following year.

Exports by Country

Saudi Arabia (X units), Qatar (X units) and the United Arab Emirates (X units) were the main destinations of wooden office furniture exports from Oman, together accounting for 83% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +31.7%), while the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X) remains the key foreign market for wooden furniture of a kind used in offices exports from Oman, comprising 54% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total exports. It was followed by Qatar, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Venezuela amounted to +31.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-16.1% per year) and Qatar (-9.3% per year).

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2021, picking up by 30% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 155% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Somalia ($X per unit), while the average price for exports to France ($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 Yemen (+78.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into Oman

Wooden office furniture imports into Oman surged to X units in 2021, jumping by 27% compared with the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 114% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, wooden office furniture imports stood at $X in 2021. In general, imports, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2017 when imports increased by 48% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units), China (X units) and Turkey (X units) were the main suppliers of wooden office furniture imports to Oman, with a combined 79% share of total imports. Spain, Saudi Arabia, Malaysia, India, Portugal, Italy and South Korea lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +782.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and Turkey ($X) appeared to be the largest wooden office furniture suppliers to Oman, together comprising 76% of total imports. Spain, Saudi Arabia, Malaysia, India, Portugal, Italy and South Korea lagged somewhat behind, together comprising a further 11%.

Among the main suppliers, Saudi Arabia, with a CAGR of +82.8%, saw 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 2021, the average wooden office furniture import price amounted to $X per unit, waning by -11.8% against the previous year. In general, the import price showed a noticeable decline. The pace of growth was the most pronounced in 2020 when the average import price increased by 68% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were South Korea ($X per unit) and Malaysia ($X per unit), while the price for Turkey ($X per unit) and the United Arab Emirates ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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