Key Market Indicators
Oman's fabric exports are expected to grow by 4.5% annually, reaching $1.62 billion by 2026. This is up from $1.24 billion in 2021 and a massive 52.5% increase from 2011. In 2021, Oman was ranked 74th in global fabric exports, with Norway overtaking it at $1.24 billion. South Korea, Italy, and Germany were ranked 2nd, 3rd, and 4th respectively. Meanwhile, Oman's fabric imports are expected to grow at a rate of 3% annually, reaching $8.53 billion by 2026. This is up from $7.12 billion in 2021, though it is 3% down from 1994. In 2021, Oman was ranked 92nd in global fabric imports, with Mauritius overtaking it at $7.12 billion. Indonesia, China, and the US were ranked 2nd, 3rd, and 4th respectively.
