Oman: Artificial Fur Market 2022

Artificial Fur Market Size in Oman

In 2021, after four years of growth, there was significant decline in the Omani artificial fur market, when its value decreased by -X% to $X. In general, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2016 indices. As a result, consumption attained the peak level of $X, and then plummeted in the following year.

Artificial Fur Production in Oman

In value terms, artificial fur production fell to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

Artificial Fur Exports

Exports from Oman

In 2021, after two years of growth, there was significant decline in overseas shipments of artificial fur, when their volume decreased by -X% to X tons. Over the period under review, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2020, and then declined in the following year.

In value terms, artificial fur exports rose remarkably to $X in 2021. Overall, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for artificial fur exports from Oman, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +X%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for artificial fur exports from Oman.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at -X%.

Export Prices by Country

In 2021, the average artificial fur export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, faced a deep contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -X% per year.

Artificial Fur Imports

Imports into Oman

After two years of decline, supplies from abroad of artificial fur increased by X% to X kg in 2021. Overall, imports, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, artificial fur imports soared to $X in 2021. In general, imports, however, saw a mild expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X kg) constituted the largest supplier of artificial fur to Oman, accounting for a X% share of total imports. Moreover, artificial fur imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X kg), sixfold. China (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-X% per year) and China (-X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of artificial fur to Oman, comprising X% of total imports. The second position in the ranking was occupied by the United States ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and China (+X% per year).

Import Prices by Country

In 2021, the average artificial fur import price amounted to $X per ton, flattening at the previous year. Overall, the import price recorded strong growth. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform