Oman: Market for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes 2024

Exports of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes

Exports from Oman

In 2022, ship derrick buckets and shovels exports from Oman surged to X units, jumping by 214% against the year before. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 325% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, ship derrick buckets and shovels exports skyrocketed to $X in 2022. Overall, exports recorded strong growth. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Belgium (X units) and the Netherlands (X units) were the main destinations of ship derrick buckets and shovels exports from Oman, together accounting for 69% of total exports. The United States, Saudi Arabia, India, Qatar and Egypt lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +96.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ship derrick buckets and shovels exported from Oman were the Netherlands ($X), the United Arab Emirates ($X) and India ($X), together accounting for 60% of total exports. These countries were followed by Belgium, Saudi Arabia, the United States, Qatar and Egypt, which together accounted for a further 29%.

Belgium, with a CAGR of +55.2%, recorded the highest growth rate of the value of exports, in terms of 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 export price for buckets, shovels, grabs and grips for ships’ derricks and cranes stood at $X per unit in 2022, picking up by 5.8% against the previous year. Over the period under review, the export price, however, saw a deep slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 81% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Egypt ($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 Vietnam (+4.9%), while the prices for the other major destinations experienced a decline.

Imports of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes

Imports into Oman

In 2022, approx. X units of buckets, shovels, grabs and grips for ships’ derricks and cranes were imported into Oman; with a decrease of -13.9% against 2021 figures. Overall, imports saw a slight descent. The pace of growth was the most pronounced in 2017 with an increase of 83% against the previous year. Imports peaked at X units in 2021, and then dropped in the following year.

In value terms, ship derrick buckets and shovels imports fell to $X in 2022. Over the period under review, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 when imports increased by 83%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest supplier of ship derrick buckets and shovels to Oman, with a 26% share of total imports. Moreover, ship derrick buckets and shovels imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Singapore (X units), twofold. The third position in this ranking was taken by Belgium (X units), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+8.3% per year) and Belgium (+1.8% per year).

In value terms, the largest ship derrick buckets and shovels suppliers to Oman were the United Arab Emirates ($X), Singapore ($X) and Belgium ($X), with a combined 45% share of total imports. These countries were followed by the Netherlands, India, Germany, Turkey, South Korea, Qatar, Japan, the UK, China and Saudi Arabia, which together accounted for a further 33%.

Turkey, with a CAGR of +32.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 import price for buckets, shovels, grabs and grips for ships’ derricks and cranes amounted to $X per unit, rising by 4.4% against the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2020 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :