Oman: Check Valve Market 2024

Check Valve Market Size in Oman

The Omani check valve market soared to $X in 2021, rising by 44% 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 enjoyed a resilient expansion. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Check Valve Exports

Exports from Oman

In 2021, overseas shipments of check valves for pipes, boiler shells, tanks and vats decreased by -25.6% to X units, falling for the third consecutive year after two years of growth. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 570%. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, check valve exports reduced to $X in 2021. Over the period under review, exports, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 1,035% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for check valve exports from Oman, with a 52% share of total exports. Moreover, check valve exports to Belgium exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold. Yemen (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium amounted to +33.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+21.0% per year) and Yemen (+372.8% per year).

In value terms, Belgium ($X) remains the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from Oman, comprising 55% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by Iran, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to +64.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+19.6% per year) and Iran (+29.0% per year).

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, growing by 16% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, check valve export price increased by +86.4% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 69%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Iran ($X per unit), while the average price for exports to Kuwait ($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 Belgium (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into Oman

In 2021, the amount of check valves for pipes, boiler shells, tanks and vats imported into Oman surged to X units, jumping by 37% against the previous year's figure. Overall, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 117%. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, check valve imports skyrocketed to $X in 2021. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2015 when imports increased by 130% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), the United Arab Emirates (X units) and India (X units) were the main suppliers of check valve imports to Oman, with a combined 63% share of total imports. These countries were followed by Germany, the Netherlands, Poland, Norway, Qatar, the UK, South Korea and the United States, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +90.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of check valves for pipes, boiler shells, tanks and vats to Oman, comprising 26% of total imports. The second position in the ranking was taken by Norway ($X), with an 8.7% share of total imports. It was followed by Qatar, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+22.1% per year) and Qatar (+34.6% per year).

Import Prices by Country

In 2021, the average check valve import price amounted to $X per unit, picking up by 6.7% against the previous year. Overall, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, check valve import price decreased by -16.1% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 35%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Qatar ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :