Oman: Paper Knife Market 2023

Paper Knife Market Size in Oman

The Omani paper knife market fell markedly to $X in 2022, shrinking by -23.1% 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 prominent increase. 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.

Paper Knife Exports

Exports from Oman

In 2022, approx. X units of paper knives were exported from Oman; waning by -41.3% on the year before. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 471% against the previous year. The exports peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, paper knife exports declined significantly to $X in 2022. 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 478% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X units) was the main destination for paper knife exports from Oman, accounting for a 97% share of total exports. It was followed by the United Arab Emirates (X units), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Qatar amounted to +33.9%.

In value terms, Qatar ($X) emerged as the key foreign market for paper knives exports from Oman, comprising 97% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar amounted to +38.0%.

Export Prices by Country

The average paper knife export price stood at $X per unit in 2022, growing by 23% against the previous year. In general, the export price recorded a noticeable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 83%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+56.5%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Knife Imports

Imports into Oman

Paper knife imports into Oman contracted remarkably to X units in 2022, with a decrease of -42% compared with the year before. Overall, imports, however, showed a pronounced expansion. The growth pace was the most rapid in 2021 with an increase of 90%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, paper knife imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 92% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of paper knife to Oman, with a 75% share of total imports. Moreover, paper knife imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), sixfold. India (X units) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-10.2% per year) and India (-4.0% per year).

In value terms, China ($X) constituted the largest supplier of paper knives to Oman, comprising 65% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by Germany, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-0.3% per year) and Germany (+58.1% per year).

Import Prices by Country

In 2022, the average paper knife import price amounted to $X per unit, rising by 53% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the peak figure at $X per unit 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 Germany ($X per unit), while the price for the United States (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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