Oman: Market for Iron Or Steel Doors, Thresholds For Doors And Windows 2024

Exports of Iron Or Steel Doors, Thresholds For Doors And Windows

Exports from Oman

In 2022, shipments abroad of iron or steel doors, thresholds for doors and windows decreased by -22.6% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 710% against the previous year. The exports peaked at X units in 2021, and then fell remarkably in the following year.

In value terms, exports of iron or steel doors, thresholds for doors and windows shrank to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 1,212%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Qatar (X units) was the main destination for exports of iron or steel doors, thresholds for doors and windows from Oman, accounting for a 52% share of total exports. Moreover, exports of iron or steel doors, thresholds for doors and windows to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. Somalia (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled +63.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+10.4% per year) and Somalia (+64.6% per year).

In value terms, Qatar ($X) remains the key foreign market for iron or steel doors, thresholds for doors and windows exports from Oman, comprising 71% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Somalia, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar totaled +67.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+19.1% per year) and Somalia (+59.0% per year).

Export Prices by Country

In 2022, the average export price for iron or steel doors, thresholds for doors and windows amounted to $X per unit, rising by 17% against the previous year. In general, the export price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 an increase of 70% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the average price for exports to Yemen ($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 Bahrain (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Doors, Thresholds For Doors And Windows

Imports into Oman

In 2022, supplies from abroad of iron or steel doors, thresholds for doors and windows decreased by -0.3% to X units for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% 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 +8.3% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 34% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of iron or steel doors, thresholds for doors and windows rose markedly to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -31.2% against 2018 indices. The pace of growth was the most pronounced in 2015 when imports increased by 34% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units), Turkey (X units) and China (X units) were the main suppliers of imports of iron or steel doors, thresholds for doors and windows to Oman, with a combined 86% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +14.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of iron or steel doors, thresholds for doors and windows to Oman, comprising 57% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 14% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+13.5% per year) and Turkey (+7.2% per year).

Import Prices by Country

In 2022, the average import price for iron or steel doors, thresholds for doors and windows amounted to $X per unit, surging by 9.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 21% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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