Oman Consumer Electronics Report Q4
2012

Oman Consumer Electronics Report Q4 2012

BMI expects that Oman's consumer electronics market will grow by around 9% in 2012, with Omani consumer confidence high, fuelled by higher wages. An increase in government spending to allay concerns expressed by protestors in Muscat in 2011 boosted incomes and BMI forecasts more stimulus spending in the form of wage increases and subsidies in 2012. In 2011, leading Omani market vendors reported double- and triple-figure shipments growth in some AV product categories. Rising incomes, new technologies and a trend towards hypermarket retailing will sustain growth in this market. Vendors will rely on innovative products such as tablets, 3D and light emitting diode (LED) TV sets and feature-rich smartphones - and the roll-out of 3G services - to act as demand drivers in the Omani market. Headline Expenditure Projections Computer sales: US$188mnin 2011 to US$203mn in 2012, +9% in US dollar terms. Forecast in US dollar terms upwardly revised due to macroeconomic factors and analyst modification, with drivers including the government's Towards Digital Oman strategy. AV sales: US$297mn in 2011 to US$318mn in 2012, +8% in US dollar terms. Forecast in US dollar terms unchanged, with the main driver being demand for flat-screen TV sets. Handset sales: US$186mn in 2011 to US$206mn in 2012, +10% in US dollar terms. Forecast in US dollar terms upwardly revised, with smartphones on course to account for 60% of sales. Risk/Reward Rating: Oman's score was 45.3 out of 100.0, with a relatively small market offsetting the relatively high Country Risk score. Oman was 9th in our latest RRR table, but due to the relative affluence of Omani consumers this will remain a valuable regional market for vendors. Key Trends & Developments Tablets are enjoying a boom in Oman and despite originally being viewed largely as a consumer device, are now finding increasing adoption among the enterprise segment. Tablets are generally significantly more expensive than smartphones, but prices will continue to fall and they are seen as a growth area in 2012. Meanwhile, vendors are also heavily promoting the concept of ultrabooks, a new category of highend notebooks. In Oman, TV sets account for more than half of all AV revenue. Flat-screen TV sets will be the main driver of AV category sales growth over the forecast period as consumers upgrade and trade their old models for digital. The market's development should be boosted after planned moves by the GCC to encourage a migration from analogue to digital TV broadcasting. Oman Consumer Electronics Report Q4 2012

• Executive Summary
• SWOT Analysis
• Oman Consumer Electronics Market SWOT
• Oman Political SWOT
• Oman Economic SWOT
• Oman Business Environment SWOT
• MEA Risk/Reward Ratings
  • Table: Middle East And Africa Risk/Reward Ratings, Q412
• Consumer Electronics Market
• Computers
  • Table: PC Sales, 2009-2016
• AV
  • Table: AV Sales , 2009-2016
• Mobile Handsets
  • Table: Mobile Communications, 2009-2016
• Consumer Electronics Industry
  • Table: Omani Distributors For Leading Brands
• Industry Forecast Scenario
• Consumer Electronics Market
  • Table: Consumer Electronics Overview, 2009-2016
• Industry Developments
• Macroeconomic Forecast
• Competitive Landscape
• Computers
• Handsets
• AV
• Company Profiles
• Axiom Telecom
• Jumbo Electronics
• Eros Group
• Oman Demographic Outlook
  • Table: Oman's Population By Age Group, 1990-2020 ('000)
  • Table: Oman's Population By Age Group, 1990-2020 (% of total)
  • Table: Oman's Key Population Ratios, 1990-2020
  • Table: Oman's Rural And Urban Population, 1990-2020
• BMI Methodology
• How We Generate Our Industry Forecasts
• Electronics Industry
• Sources