Oman: Metal Advertising Sign Market 2024

Metal Advertising Sign Market Size in Oman

In 2020, the Omani metal advertising sign market decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption showed a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2018 to 2020, the growth of the market remained at a lower figure.

Metal Advertising Sign Exports

Exports from Oman

In 2020, approx. X tons of metal advertising signs were exported from Oman; increasing by X% compared with the previous year. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2020, the exports remained at a lower figure.

In value terms, metal advertising sign exports rose to $X in 2020. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2020, the exports remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for metal advertising sign exports from Oman, accounting for a X% share of total exports. Moreover, metal advertising sign exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold.

From 2012 to 2020, the average annual rate of growth in terms of volume to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Germany (X% per year).

In value terms, Qatar ($X) remains the key foreign market for metal advertising signs exports from Oman, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of value to Qatar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Germany (X% per year).

Export Prices by Country

The average metal advertising sign export price stood at $X per ton in 2020, leveling off at the previous year. Overall, the export price, however, continues to indicate a pronounced curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2020, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Advertising Sign Imports

Imports into Oman

In 2020, supplies from abroad of metal advertising signs decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, metal advertising sign imports reduced remarkably to $X in 2020. Over the period under review, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2020, the United Arab Emirates (X tons) constituted the largest metal advertising sign supplier to Oman, with a X% share of total imports. Moreover, metal advertising sign imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, the largest metal advertising sign suppliers to Oman were the United Arab Emirates ($X), Germany ($X) and China ($X), together accounting for X% of total imports.

Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average metal advertising sign import price amounted to $X per ton, reducing by X% against the previous year. In general, import price indicated a modest increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, metal advertising sign import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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