Oman: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Oman

In 2023, the Omani metal domestic furniture market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption, however, posted a prominent expansion. Metal domestic furniture consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Metal Domestic Furniture Exports

Exports from Oman

For the third consecutive year, Oman recorded decline in shipments abroad of metal furniture, which decreased by X% to X tons in 2023. Overall, exports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, metal domestic furniture exports soared to $X in 2023. In general, exports, however, recorded a temperate expansion. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

The UK (X tons), Tanzania (X tons) and Switzerland (X tons) were the main destinations of metal domestic furniture exports from Oman, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Switzerland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for metal furniture exports from Oman, comprising X% of total exports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the United States (X% per year).

Export Prices by Country

The average metal domestic furniture export price stood at $X per ton in 2023, growing by X% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Metal Domestic Furniture Imports

Imports into Oman

In 2023, after two years of growth, there was decline in purchases abroad of metal furniture, when their volume decreased by X% to X tons. Overall, imports, however, showed a mild increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, metal domestic furniture imports contracted to $X in 2023. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) was the main supplier of metal domestic furniture to Oman, accounting for a X% share of total imports. It was followed by Turkey (X tons), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of metal furniture to Oman, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United States (X% per year).

Import Prices by Country

The average metal domestic furniture import price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, import price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal domestic furniture import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per ton in 2022, and then dropped slightly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform