Oman: Fluorescent Discharge Lamps Market 2024

Fluorescent Discharge Lamps Market Size in Oman

In 2021, the Omani fluorescent discharge lamps market decreased by -42.9% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption showed a abrupt setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Fluorescent Discharge Lamps Exports

Exports from Oman

In 2021, shipments abroad of fluorescent discharge lamps increased by 72% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt downturn. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, fluorescent discharge lamps exports declined to $X in 2021. In general, exports, however, saw a abrupt setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Yemen (X units), the UK (X units) and the United Arab Emirates (X units) were the main destinations of fluorescent discharge lamps exports from Oman, with a combined 94% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +15.5%), while shipments for the other leaders experienced a decline.

In value terms, the UK ($X) remains the key foreign market for fluorescent discharge lamps exports from Oman, comprising 68% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by Qatar, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-20.6% per year) and Qatar (-32.1% per year).

Export Prices by Country

In 2021, the average fluorescent discharge lamps export price amounted to $X per unit, reducing by -44% against the previous year. Overall, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 85% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Yemen ($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 the United Arab Emirates (+0.7%), while the prices for the other major destinations experienced a decline.

Fluorescent Discharge Lamps Imports

Imports into Oman

In 2021, supplies from abroad of fluorescent discharge lamps decreased by -51.2% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, imports showed a abrupt slump. The pace of growth was the most pronounced in 2016 when imports increased by 16%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, fluorescent discharge lamps imports contracted dramatically to $X in 2021. In general, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2013 when imports increased by 22%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest supplier of fluorescent discharge lamps to Oman, accounting for a 41% share of total imports. Moreover, fluorescent discharge lamps imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. China (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at -18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-9.1% per year) and China (-26.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of fluorescent discharge lamps to Oman, comprising 47% of total imports. The second position in the ranking was taken by Poland ($X), with an 11% share of total imports. It was followed by China, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-5.0% per year) and China (-20.8% per year).

Import Prices by Country

In 2021, the average fluorescent discharge lamps import price amounted to $X per unit, surging by 28% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fluorescent discharge lamps import price increased by +114.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 67% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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