Oman: Electric Heating Equipment Market 2024

Electric Heating Equipment Market Size in Oman

The Omani electric heating equipment market declined modestly to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, showed prominent growth. Electric heating equipment consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Electric Heating Equipment Production in Oman

In value terms, electric heating equipment production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, recorded prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Electric Heating Equipment Exports

Exports from Oman

In 2022, the amount of electric space heating apparatus and soil heating apparatus exported from Oman skyrocketed to X units, rising by X% against the previous year. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid 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 remained at a somewhat lower figure.

In value terms, electric heating equipment exports reduced to $X in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Kuwait (X units) and Bahrain (X units) were the main destinations of electric heating equipment exports from Oman, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for electric heating equipment exported from Oman were the United Arab Emirates ($X), Kuwait ($X) and Bahrain ($X), with a combined X% share of total exports. Qatar and Iran lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to 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 heating equipment export price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices reached the peak figure 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 highest price was recorded for prices to 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 Heating Equipment Imports

Imports into Oman

In 2022, imports of electric space heating apparatus and soil heating apparatus into Oman fell to X units, which is down by X% compared with 2021. Over the period under review, imports showed a slight decline. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electric heating equipment imports contracted to $X in 2022. Overall, imports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by X%. 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 supplier of electric heating equipment to Oman, accounting for a X% share of total imports. Moreover, electric heating equipment 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 held by India (X units), with a X% share.

From 2012 to 2022, the average annual growth rate 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 India (X% per year).

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

Among the main suppliers, Bahrain, with a CAGR of X.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electric heating equipment import price amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Qatar ($X per unit) and China ($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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