Oman: Festive Articles Market 2024

Festive Articles Market Size in Oman

The Omani festive articles market contracted dramatically to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, showed prominent growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Festive Articles Production in Oman

In value terms, festive articles production skyrocketed to $X in 2022 estimated in export price. Overall, production posted a buoyant expansion. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Festive Articles Exports

Exports from Oman

In 2022, shipments abroad of festive or carnival articles was finally on the rise to reach X tons after three years of decline. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, festive articles exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for festive articles exports from Oman, accounting for a X% share of total exports. It was followed by Italy (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for festive or carnival articles exports from Oman, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at X%.

Export Prices by Country

The average festive articles export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, saw a slight descent. The growth pace was the most rapid in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%).

Festive Articles Imports

Imports into Oman

In 2022, approx. X tons of festive or carnival articles were imported into Oman; reducing by X% compared with the previous year's figure. Overall, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, festive articles imports shrank significantly to $X in 2022. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest festive articles supplier to Oman, with a X% share of total imports. Moreover, festive articles imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Kuwait (X tons) ranked third in terms of total imports 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 Kuwait (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of festive or carnival articles to Oman, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Egypt, with an X% share.

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

Import Prices by Country

The average festive articles import price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :