Musical Instrument Strings Price in Oman - 2021
Contents:
- Musical Instrument Strings Price in Oman (CIF) - 2022
- Musical Instrument Strings Price in Oman (FOB) - 2022
- Musical Instrument Strings Imports in Oman
- Musical Instrument Strings Exports in Oman
Musical Instrument Strings Price in Oman (CIF) - 2022
The average musical instrument strings import price stood at $2.2 per unit in 2022, declining by -6.6% against the previous year. Overall, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 124%. The import price peaked at $2.3 per unit in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($4.7 per unit), while the price for China ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Musical Instrument Strings Price in Oman (FOB) - 2022
In 2021, the average musical instrument strings export price amounted to $2.2 per unit, falling by -12.1% against the previous year. Overall, the export price, however, posted noticeable growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 32%. As a result, the export price attained the peak level of $2.5 per unit, and then contracted in the following year.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($3.8 per unit), while the average price for exports to Iran totaled $1.4 per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+46.8%).
Musical Instrument Strings Imports in Oman
In 2022, musical instrument strings imports into Oman declined dramatically to 44K units, with a decrease of -33.9% compared with the year before. Over the period under review, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 226% against the previous year. As a result, imports attained the peak of 67K units, and then plummeted in the following year.
In value terms, musical instrument strings imports reduced markedly to $96K in 2022. In general, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 327%. As a result, imports reached the peak of $155K, and then fell rapidly in the following year.
| Import of Musical Instrument Strings in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 8.7 | 10.9 | 33.3 | 24.1 | 40.4% |
| United States | 2.6 | 1.7 | 7.0 | 10.7 | 60.3% |
| United Kingdom | 2.8 | 1.7 | 7.6 | 8.3 | 43.7% |
| Turkey | 3.6 | 0.8 | 38.7 | 5.0 | 11.6% |
| Pakistan | 3.4 | 1.8 | 6.5 | 4.8 | 12.2% |
| Austria | 3.1 | 2.2 | 4.4 | 4.3 | 11.5% |
| India | 1.2 | 0.7 | 3.1 | 2.7 | 31.0% |
| Qatar | 2.8 | 0.2 | 2.3 | 1.9 | -12.1% |
| China | 0.1 | N/A | 2.5 | 1.8 | 162.1% |
| United Arab Emirates | 13.8 | 4.2 | 7.8 | 0.5 | -66.9% |
| Others | 22.0 | 12.1 | 41.7 | 31.4 | 12.6% |
| Total | 64.0 | 36.3 | 155 | 95.6 | 14.3% |
Top Suppliers of Musical Instrument Strings to Oman in 2022:
- China (12.3K units)
- Italy (5.5K units)
- Pakistan (4.8K units)
- United States (4.7K units)
- United Kingdom (2.3K units)
- Austria (1.9K units)
- India (1.8K units)
- United Arab Emirates (1.4K units)
- Turkey (1.1K units)
- Qatar (1.0K units)
Musical Instrument Strings Exports in Oman
In 2021, approx. 732 units of musical instrument stringses were exported from Oman; rising by 369% against 2020 figures. Overall, exports, however, continue to indicate a dramatic decline. The exports peaked at 1.9K units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.
In value terms, musical instrument strings exports surged to $1.6K in 2021. Over the period under review, exports, however, continue to indicate a significant curtailment. The exports peaked at $3.6K in 2019; however, from 2020 to 2021, the exports remained at a lower figure.
| Export of Musical Instrument Strings in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Saudi Arabia | 3.4 | N/A | 0.9 | -48.6% | |
| Iran | N/A | N/A | 0.7 | 0% | |
| Qatar | N/A | 0.3 | N/A | 0% | |
| United Arab Emirates | N/A | 0.1 | N/A | 0% | |
| Others | 0.2 | N/A | N/A | 0% | |
| Total | 3.6 | 0.4 | 1.6 | -33.3% | |
Top Export Markets for Musical Instrument Strings from Oman in 2022:
- Iran (497.0 units)
- Saudi Arabia (235.0 units)
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