Oman: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in Oman

The Omani refrigerator and freezer market contracted to $X in 2022, with a decrease of X% 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Refrigerator and freezer consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Refrigerator And Freezer Exports

Exports from Oman

In 2022, shipments abroad of refrigerators and freezers increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, refrigerator and freezer exports skyrocketed to $X in 2022. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Iran (X units) was the main destination for refrigerator and freezer exports from Oman, with a X% share of total exports. Moreover, refrigerator and freezer exports to Iran exceeded the volume sent to the second major destination, Somalia (X units), more than tenfold. The United Arab Emirates (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iran stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (X% per year) and the United Arab Emirates (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Iran totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average refrigerator and freezer export price amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then dropped dramatically in the following year.

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

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

Refrigerator And Freezer Imports

Imports into Oman

In 2022, the amount of refrigerators and freezers imported into Oman dropped to X units, shrinking by X% against the year before. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, refrigerator and freezer imports expanded to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Thailand (X units) and the United Arab Emirates (X units) were the main suppliers of refrigerator and freezer imports to Oman, together accounting for X% of total imports. The UK, India, Singapore, Indonesia and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest refrigerator and freezer suppliers to Oman were China ($X), Thailand ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. The UK, India, Singapore, Indonesia and South Korea lagged somewhat behind, together accounting for a further X%.

Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average refrigerator and freezer import price amounted to $X per unit, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($X per unit) and Thailand ($X per unit), while the price for the UK ($X per unit) and India ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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