Oman: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Oman

In 2022, after two years of decline, there was growth in the Omani wooden kitchen furniture market, when its value increased by 0.4% to $X. Overall, consumption posted a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Wooden Kitchen Furniture Exports

Exports from Oman

After two years of decline, shipments abroad of wooden furniture for kitchens increased by 80% to X units in 2022. Overall, exports showed significant growth. The growth pace was the most rapid in 2017 when exports increased by 463%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, wooden kitchen furniture exports soared to $X in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2017 when exports increased by 531%. 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

Saudi Arabia (X units), the United Arab Emirates (X units) and India (X units) were the main destinations of wooden kitchen furniture exports from Oman, with a combined 76% share of total exports. Somalia, Morocco, Iran, Kuwait and the United States lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for Somalia (with a CAGR of +106.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for wooden furniture for kitchens exports from Oman, comprising 42% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total exports. It was followed by India, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled +46.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+22.0% per year) and India (+51.0% per year).

Export Prices by Country

In 2022, the average wooden kitchen furniture export price amounted to $X per unit, falling by -21.4% against the previous year. In general, the export price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 47%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, 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 the United States ($X per unit), while the average price for exports to Kuwait ($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 the United States (+120.2%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Kitchen Furniture Imports

Imports into Oman

In 2022, supplies from abroad of wooden furniture for kitchens was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 137% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wooden kitchen furniture imports rose to $X in 2022. In general, imports saw strong growth. The growth pace was the most rapid in 2017 when imports increased by 63%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), the United Arab Emirates (X units) and Germany (X units) were the main suppliers of wooden kitchen furniture imports to Oman, with a combined 80% share of total imports. Malaysia, Saudi Arabia, Spain, China and the UK lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +55.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Germany ($X) and Italy ($X) constituted the largest wooden kitchen furniture suppliers to Oman, with a combined 59% share of total imports. Malaysia, China, Saudi Arabia, Spain and the UK lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, Saudi Arabia, with a CAGR of +61.5%, 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

The average wooden kitchen furniture import price stood at $X per unit in 2022, with a decrease of -6.3% against the previous year. Over the period under review, the import price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2017 an increase of 29% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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