Oman: Tufted Carpet Market 2024

Tufted Carpet Market Size in Oman

The Omani tufted carpet market contracted to $X in 2022, which is down by -6.2% 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, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +25.9% against 2013 indices. Tufted carpet consumption peaked at $X in 2021, and then shrank in the following year.

Tufted Carpet Exports

Exports from Oman

In 2022, overseas shipments of tufted carpets and other tufted textile floor coverings increased by 3.6% to X square meters for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 674% against the previous year. The exports peaked at X square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, tufted carpet exports reached $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 564%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Yemen (X square meters) was the main destination for tufted carpet exports from Oman, with a 61% share of total exports. Moreover, tufted carpet exports to Yemen exceeded the volume sent to the second major destination, Somalia (X square meters), threefold. The third position in this ranking was held by Qatar (X square meters), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen stood at +896.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+26.8% per year) and Qatar (+20.3% per year).

In value terms, Yemen ($X) remains the key foreign market for tufted carpets and other tufted textile floor coverings exports from Oman, comprising 61% of total exports. The second position in the ranking was held by Somalia ($X), with a 22% share of total exports. It was followed by Qatar, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen amounted to +925.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+23.7% per year) and Qatar (+12.4% per year).

Export Prices by Country

The average tufted carpet export price stood at $X per square meter in 2022, with a decrease of -2.3% against the previous year. Over the period under review, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Tufted Carpet Imports

Imports into Oman

In 2022, the amount of tufted carpets and other tufted textile floor coverings imported into Oman dropped slightly to X square meters, waning by -4.4% on the previous year. Overall, imports, however, saw strong growth. The pace of growth was the most pronounced in 2019 with an increase of 35% against the previous year. Imports peaked at X square meters in 2021, and then contracted slightly in the following year.

In value terms, tufted carpet imports dropped to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.5% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of 40%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the United Arab Emirates (X square meters) constituted the largest tufted carpet supplier to Oman, with a 45% share of total imports. Moreover, tufted carpet imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X square meters), twofold. Iran (X square meters) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.4% per year) and Iran (+24.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of tufted carpets and other tufted textile floor coverings to Oman, comprising 43% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Iran, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.1% per year) and Iran (+19.0% per year).

Import Prices by Country

The average tufted carpet import price stood at $X per square meter in 2022, with a decrease of -1.8% against the previous year. Overall, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in 2013 an increase of 6.2% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per square meter), while the price for Iran ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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