Oman: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2024

Market Size for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Oman

The Omani market for central heating boilers, for producing hot water or low pressure steam declined to $X in 2022, waning by -2.9% against the previous year. In general, consumption, however, saw buoyant growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Oman

In value terms, production of central heating boilers, for producing hot water or low pressure steam shrank slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 44% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Exports from Oman

After two years of decline, shipments abroad of central heating boilers, for producing hot water or low pressure steam increased by 261% to X units in 2022. Overall, exports showed a buoyant increase. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam surged to $X in 2022. Over the period under review, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of 119% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for exports of central heating boilers, for producing hot water or low pressure steam from Oman, accounting for a 100% share of total exports. It was followed by Qatar (X units), with a 0.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +49.8%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for central heating boilers, for producing hot water or low pressure steam exports from Oman, comprising 98% of total exports. The second position in the ranking was held by Qatar ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to +53.6%.

Export Prices by Country

In 2022, the average export price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, which is down by -51.8% against the previous year. Overall, the export price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 70%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then fell markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+13.7%).

Imports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Imports into Oman

In 2022, the amount of central heating boilers, for producing hot water or low pressure steam imported into Oman declined markedly to X units, which is down by -25.7% on the previous year's figure. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 509% against the previous year. Over the period under review, imports of hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam dropped sharply to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 531% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X units) was the main supplier of central heating boilers, for producing hot water or low pressure steam to Oman, accounting for a 93% share of total imports. It was followed by the United Arab Emirates (X units), with a 2.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled +33.7%.

In value terms, South Korea ($X) constituted the largest supplier of central heating boilers, for producing hot water or low pressure steam to Oman, comprising 90% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 3.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea totaled +28.2%.

Import Prices by Country

The average import price for central heating boilers, for producing hot water or low pressure steam stood at $X per unit in 2022, stabilizing at the previous year. Overall, the import price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2020 when the average import price increased by 16% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for South Korea stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-4.1%).

Source: IndexBox Platform

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