Oman: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Oman

In 2022, after two years of growth, there was significant decline in the Omani wooden bedroom furniture market, when its value decreased by -7.8% to $X. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Wooden Bedroom Furniture Production in Oman

In value terms, wooden bedroom furniture production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 440%. Wooden bedroom furniture production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports from Oman

In 2022, overseas shipments of wooden furniture of a kind used in the bedroom were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 216% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, wooden bedroom furniture exports soared to $X in 2022. Over the period under review, exports saw a mild expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 134%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X units) was the main destination for wooden bedroom furniture exports from Oman, accounting for a 52% share of total exports. Moreover, wooden bedroom furniture exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold. Somalia (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar amounted to +27.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+6.2% per year) and Somalia (+13.5% per year).

In value terms, Qatar ($X) remains the key foreign market for wooden furniture of a kind used in the bedroom exports from Oman, comprising 50% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 17% share of total exports. It was followed by Somalia, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+1.3% per year) and Somalia (+10.3% per year).

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, shrinking by -13.6% against the previous year. In general, the export price saw a deep reduction. The growth pace was the most rapid in 2021 an increase of 27%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Sri Lanka ($X per unit) and Somalia ($X per unit), while the average price for exports to Bahrain ($X per unit) and Saudi Arabia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (-0.9%), while the prices for the other major destinations experienced a decline.

Wooden Bedroom Furniture Imports

Imports into Oman

In 2022, the amount of wooden furniture of a kind used in the bedroom imported into Oman reduced remarkably to X units, falling by -15.7% against the year before. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume 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, imports increased by +22.9% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 50%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wooden bedroom furniture imports declined to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 43% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), Turkey (X units) and China (X units) were the main suppliers of wooden bedroom furniture imports to Oman, together comprising 76% of total imports. Malaysia, Brazil, Italy, Germany and Egypt lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +57.0%), 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 bedroom furniture suppliers to Oman, with a combined 79% share of total imports. Malaysia, Brazil, Italy, Germany and Egypt lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, Brazil, with a CAGR of +46.2%, 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

The average wooden bedroom furniture import price stood at $X per unit in 2022, surging by 4.3% 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 2013 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 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 China ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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