Oman: Radiator Market 2022

Radiator Market Size in Oman

The Omani radiator market surged to $X in 2021, with an increase of X% against the previous year. Over the period under review, consumption recorded a remarkable increase. Radiator consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Radiator Production in Oman

In value terms, radiator production surged to $X in 2021 estimated in export price. In general, production recorded a strong increase. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Radiator production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Radiator Exports

Exports from Oman

Radiator exports from Oman shrank sharply to X tons in 2021, reducing by -X% compared with the previous year. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, radiator exports reduced notably to $X in 2021. Over the period under review, exports saw a pronounced decline. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for radiator exports from Oman, accounting for a X% share of total exports. Moreover, radiator exports to the United Arab Emirates exceeded the volume sent to the second major destination, Iran (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +X%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for radiator exports from Oman, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with an X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +X%.

Export Prices by Country

The average radiator export price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the export price continues to indicate prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Iran ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (X%).

Radiator Imports

Imports into Oman

In 2021, purchases abroad of radiators for central heating (not electrically heated) decreased by less than X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, radiator imports shrank notably to $X in 2021. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Singapore (X tons) constituted the largest radiator supplier to Oman, with a X% share of total imports. Moreover, radiator imports from Singapore exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Singapore totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and France (-X% per year).

In value terms, the United Arab Emirates ($X), Singapore ($X) and France ($X) appeared to be the largest radiator suppliers to Oman, with a combined X% share of total imports.

In terms of the main suppliers, Singapore, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average radiator import price stood at $X per ton in 2021, shrinking by -X% against the previous year. In general, the import price recorded a deep setback. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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