Oman: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Oman

The Omani air conditioning machine market contracted to $X in 2021, declining by -6.7% 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, posted a temperate increase. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Air Conditioning Machine Exports

Exports from Oman

In 2021, shipments abroad of air conditioning machines decreased by -65% to X units, falling for the third year in a row after two years of growth. In general, exports showed a sharp curtailment. The growth pace was the most rapid in 2017 when exports increased by 64%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, air conditioning machine exports contracted rapidly to $X in 2021. Overall, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 105% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Iran (X units) was the main destination for air conditioning machine exports from Oman, with a 50% share of total exports. Moreover, air conditioning machine exports to Iran exceeded the volume sent to the second major destination, Qatar (X units), threefold. Yemen (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Iran was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+47.3% per year) and Yemen (+77.1% per year).

In value terms, Iran ($X) emerged as the key foreign market for air conditioning machine exports from Oman, comprising 44% of total exports. The second position in the ranking was taken by Singapore ($X), with a 21% share of total exports. It was followed by Qatar, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to Iran totaled +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-26.8% per year) and Qatar (+91.7% per year).

Export Prices by Country

In 2021, the average air conditioning machine export price amounted to $X per unit, rising by 92% against the previous year. Over the period under review, the export price posted a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to Bahrain ($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 Singapore (+33.8%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Oman

In 2021, imports of air conditioning machines into Oman shrank to X units, which is down by -11.8% on the previous year. Overall, imports, however, saw a slight increase. The pace of growth appeared the most rapid in 2015 with an increase of 53%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, air conditioning machine imports fell to $X in 2021. In general, imports, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2016 when imports increased by 35%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest air conditioning machine supplier to Oman, with a 52% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fourfold. The third position in this ranking was taken by the United Arab Emirates (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-9.1% per year) and the United Arab Emirates (+13.8% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machine to Oman, comprising 53% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 12% share of total imports. It was followed by the United Arab Emirates, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-4.8% per year) and the United Arab Emirates (+12.7% per year).

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2021, rising by 4.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :