Oman: Knitted Fabric Market 2024

Knitted Fabric Market Size in Oman

The Omani knitted fabric market contracted markedly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, posted prominent growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Knitted Fabric Production in Oman

In value terms, knitted fabric production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Knitted Fabric Exports

Exports from Oman

In 2022, shipments abroad of knitted or crocheted fabrics decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, knitted fabric exports fell notably to $X in 2022. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Somalia (X tons) was the main destination for knitted fabric exports from Oman, with a X% share of total exports. Moreover, knitted fabric exports to Somalia exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. Yemen (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Somalia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Yemen (X% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for knitted or crocheted fabrics exports from Oman, comprising X% of total exports. The second position in the ranking was taken by Yemen ($X), with a X% share of total exports. It was followed by Somalia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (X% per year) and Somalia (X% per year).

Export Prices by Country

The average knitted fabric export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Yemen ($X per ton), while the average price for exports to Somalia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Knitted Fabric Imports

Imports into Oman

In 2022, approx. X tons of knitted or crocheted fabrics were imported into Oman; with a decrease of X% on 2021 figures. In general, imports, however, recorded a pronounced increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, knitted fabric imports reduced markedly to $X in 2022. Over the period under review, imports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell remarkably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest knitted fabric supplier to Oman, with a X% share of total imports. Moreover, knitted fabric imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fivefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) constituted the largest knitted fabric suppliers to Oman, together accounting for X% of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average knitted fabric import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for China ($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

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