Oman: Bedspread Market 2022

Bedspread Market Size in Oman

The Omani bedspread market fell to $X in 2021, shrinking by -11.4% against the previous year. Overall, consumption, however, recorded a strong expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Bedspread Production in Oman

In value terms, bedspread production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 76% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Bedspread Exports

Exports from Oman

Bedspread exports from Oman surged to X units in 2021, picking up by 1,249% compared with the previous year. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bedspread exports skyrocketed to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Yemen (X units), Qatar (X units) and Somalia (X units) were the main destinations of bedspread exports from Oman, together comprising 99.9% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +57.8%), while the other leaders experienced more modest paces of growth.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (0.0% per year) and Somalia (0.0% per year).

Export Prices by Country

The average bedspread export price stood at $X per unit in 2021, shrinking by -89.4% against the previous year. Overall, the export price showed a sharp decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 80%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Somalia ($X per unit), while the average price for exports to Yemen ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-8.1%).

Bedspread Imports

Imports into Oman

In 2021, supplies from abroad of bedspreads (excluding eiderdowns) increased by 13% to X units, rising for the third year in a row after two years of decline. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 81% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, bedspread imports soared to $X in 2021. Over the period under review, imports saw prominent growth. The pace of growth appeared the most rapid in 2014 when imports increased by 123%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

China (X units), the United Arab Emirates (X units) and India (X units) were the main suppliers of bedspread imports to Oman, with a combined 91% share of total imports. These countries were followed by Pakistan and Sri Lanka, which together accounted for a further 6.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka (with a CAGR of +268.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of bedspread to Oman, comprising 62% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by India, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.2% per year) and India (+41.9% per year).

Import Prices by Country

In 2021, the average bedspread import price amounted to $X per unit, growing by 4.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 23%. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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