Oman: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Oman

In 2022, the Omani construction equipment blade market increased by 2,705% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, saw a dramatic shrinkage. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Construction Equipment Blade Production in Oman

In value terms, construction equipment blade production stood at $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 21%. Construction equipment blade production peaked at $X in 2020; afterwards, it flattened through to 2022.

Construction Equipment Blade Exports

Exports from Oman

After four years of growth, overseas shipments of blades for construction equipment decreased by -30.6% to X units in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 5,010%. Over the period under review, the exports hit record highs at X units in 2021, and then contracted notably in the following year.

In value terms, construction equipment blade exports contracted significantly to $X in 2022. In general, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 4,436%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped markedly in the following year.

Exports by Country

The United Arab Emirates (X units), Egypt (X units) and Kuwait (X units) were the main destinations of construction equipment blade exports from Oman, together comprising 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +37.9%), while the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Egypt ($X) constituted the largest markets for construction equipment blade exported from Oman worldwide, with a combined 86% share of total exports.

Kuwait, with a CAGR of +35.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average construction equipment blade export price stood at $X per unit in 2022, with an increase of 14% against the previous year. Over the period under review, the export price, however, recorded a deep setback. The growth pace was the most rapid in 2017 an increase of 60% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the average price for exports to Egypt ($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 Saudi Arabia (+84.8%), while the prices for the other major destinations experienced mixed trend patterns.

Construction Equipment Blade Imports

Imports into Oman

Construction equipment blade imports into Oman contracted dramatically to X units in 2022, waning by -30% on the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 469%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, construction equipment blade imports dropped notably to $X in 2022. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when imports increased by 648%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), China (X units) and Japan (X units) were the main suppliers of construction equipment blade imports to Oman, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +56.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the United Arab Emirates ($X) and Japan ($X) appeared to be the largest construction equipment blade suppliers to Oman, together accounting for 64% of total imports. China, Qatar, South Korea and Pakistan lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, China, with a CAGR of +42.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average construction equipment blade import price amounted to $X per unit, rising by 14% against the previous year. Overall, the import price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2014 an increase of 49% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+22.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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