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Oman - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOman: Loudspeaker Market 2024
Loudspeaker Market Size in Oman
The Omani loudspeaker market declined significantly to $X in 2021, which is down by -30% 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). Overall, consumption, however, enjoyed a significant increase. Loudspeaker consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.
Loudspeaker Exports
Exports from Oman
In 2021, approx. X units of single loudspeakers (in enclosure) were exported from Oman; picking up by 177% on the previous year. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, loudspeaker exports surged to $X in 2021. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports by Country
Qatar (X units) was the main destination for loudspeaker exports from Oman, accounting for a 68% share of total exports. Moreover, loudspeaker exports to Qatar exceeded the volume sent to the second major destination, Yemen (X units), fourfold. Somalia (X units) ranked third in terms of total exports with a 4% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar stood at +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+56.1% per year) and Somalia (0.0% per year).
In value terms, Qatar ($X) remains the key foreign market for single loudspeakers (in enclosure) exports from Oman, comprising 89% of total exports. The second position in the ranking was taken by Yemen ($X), with a 4.1% share of total exports. It was followed by the United Arab Emirates, with a 2.5% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Qatar totaled +35.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+28.1% per year) and the United Arab Emirates (+73.9% per year).
Export Prices by Country
The average loudspeaker export price stood at $X per unit in 2021, dropping by -31.3% against the previous year. In general, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in 2019 an increase of 56%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Qatar ($X per unit), while the average price for exports to Ethiopia ($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 Qatar (-0.3%), while the prices for the other major destinations experienced a decline.
Loudspeaker Imports
Imports into Oman
Loudspeaker imports into Oman reduced sharply to X units in 2021, dropping by -30.2% on the previous year. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 264%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.
In value terms, loudspeaker imports reduced rapidly to $X in 2021. In general, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by 112%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, the United Arab Emirates (X units) constituted the largest loudspeaker supplier to Oman, with a 89% share of total imports. Moreover, loudspeaker imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.
From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +51.7%.
In value terms, the United Arab Emirates ($X) constituted the largest supplier of single loudspeakers (in enclosure) to Oman, comprising 73% of total imports. The second position in the ranking was held by China ($X), with a 3.2% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +15.3%.
Import Prices by Country
In 2021, the average loudspeaker import price amounted to $X per unit, picking up by 6.8% against the previous year. Overall, the import price, however, showed a sharp slump. The pace of growth appeared the most rapid in 2015 an increase of 9.3%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for the United Arab Emirates amounted to $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-24.0%).
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the loudspeaker market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Oman
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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