Oman: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in Oman

The Omani multiple loudspeakers market shrank rapidly to $X in 2021, waning by -35.7% 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). Overall, consumption, however, recorded a strong expansion. Multiple loudspeakers consumption peaked at $X in 2020, and then shrank dramatically in the following year.

Multiple Loudspeakers Exports

Exports from Oman

In 2021, shipments abroad of multiple loudspeakers (in enclosure) increased by 122% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 512%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, multiple loudspeakers exports soared to $X in 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 971%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Qatar (X units) was the main destination for multiple loudspeakers exports from Oman, with a 85% share of total exports. Moreover, multiple loudspeakers exports to Qatar exceeded the volume sent to the second major destination, Iran (X units), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Qatar totaled +62.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+170.6% per year) and the United Arab Emirates (+53.1% per year).

In value terms, Qatar ($X) remains the key foreign market for multiple loudspeakers (in enclosure) exports from Oman, comprising 86% of total exports. The second position in the ranking was taken by Iran ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Qatar stood at +82.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+201.0% per year) and the United Arab Emirates (+162.6% per year).

Export Prices by Country

The average multiple loudspeakers export price stood at $X per unit in 2021, approximately reflecting the previous year. Overall, the export price, however, showed a strong expansion. The growth pace was the most rapid in 2013 an increase of 73%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+12.6%), while the prices for the other major destinations experienced a decline.

Multiple Loudspeakers Imports

Imports into Oman

In 2021, approx. X units of multiple loudspeakers (in enclosure) were imported into Oman; which is down by -34% on the previous year. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 246%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, multiple loudspeakers imports reduced rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2017 when imports increased by 161%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest multiple loudspeakers supplier to Oman, accounting for a 79% share of total imports. Moreover, multiple loudspeakers imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by China (X units), with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.5% per year) and China (-8.8% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of multiple loudspeakers (in enclosure) to Oman, comprising 80% of total imports. The second position in the ranking was taken by Germany ($X), with a 3.2% share of total imports. It was followed by China, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.5% per year) and China (-9.5% per year).

Import Prices by Country

The average multiple loudspeakers import price stood at $X per unit in 2021, rising by 4.1% against the previous year. Over the period under review, the import price saw tangible growth. The growth pace was the most rapid in 2017 an increase of 98% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Germany ($X per unit) and China ($X per unit), while the price for Denmark ($X per unit) and the United Arab Emirates ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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