Oman: Electric Radiator Market 2024

Electric Radiator Market Size in Oman

The Omani electric radiator market dropped dramatically to $X in 2022, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt slump. Electric radiator consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Electric Radiator Exports

Exports from Oman

Electric radiator exports from Oman surged to X units in 2022, jumping by X% on the year before. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric radiator exports dropped to $X in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Kuwait (X units) and Bahrain (X units) were the main destinations of electric radiator exports from Oman, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Bahrain ($X) constituted the largest markets for electric radiator exported from Oman worldwide, together accounting for X% of total exports. Qatar and Iran lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Qatar, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average electric radiator export price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price, however, recorded a strong increase. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Iran ($X per unit) and Kuwait ($X per unit), while the average price for exports to Qatar ($X per unit) and Bahrain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Radiator Imports

Imports into Oman

Electric radiator imports into Oman declined to X units in 2022, falling by X% on the year before. Overall, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% 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, electric radiator imports reduced to $X in 2022. In general, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest electric radiator supplier to Oman, accounting for a X% share of total imports. Moreover, electric radiator imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by India (X units), with a X% share.

From 2012 to 2022, 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: China (X% per year) and India (X% per year).

In value terms, the United Arab Emirates ($X), China ($X) and India ($X) constituted the largest electric radiator suppliers to Oman, together accounting for X% of total imports. The UK, Qatar and Bahrain lagged somewhat behind, together accounting for a further X%.

Bahrain, with a CAGR of X.2%, recorded 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 more modest paces of growth.

Import Prices by Country

The average electric radiator import price stood at $X per unit in 2022, stabilizing at the previous year. In general, the import price, however, showed a pronounced downturn. The growth pace was the most rapid in 2014 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and India ($X per unit), while the price for the United Arab Emirates ($X per unit) and Bahrain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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