Oman: Civil Reaction Engine Market 2024

Civil Reaction Engine Market Size in Oman

In 2021, after two years of growth, there was significant decline in the Omani civil reaction engine market, when its value decreased by -78.6% to $X. In general, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Civil Reaction Engine Production in Oman

In value terms, civil reaction engine production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 45%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Civil Reaction Engine Exports

Exports from Oman

In 2021, shipments abroad of civil reaction engines increased by 26% to X units, rising for the second year in a row after two years of decline. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 3,900% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, civil reaction engine exports surged to $X in 2021. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 1,635%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for civil reaction engine exports from Oman, with a 67% share of total exports. Moreover, civil reaction engine exports to the UK exceeded the volume sent to the second major destination, Denmark (X units), sevenfold. The third position in this ranking was taken by Singapore (X units), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +57.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (0.0% per year) and Singapore (0.0% per year).

In value terms, the UK ($X) remains the key foreign market for civil reaction engines exports from Oman, comprising 71% of total exports. The second position in the ranking was held by Denmark ($X), with an 8.8% share of total exports. It was followed by Singapore, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (0.0% per year) and Singapore (+33.2% per year).

Export Prices by Country

The average civil reaction engine export price stood at $X per unit in 2021, growing by 18% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The growth pace was the most rapid in 2013 an increase of 64%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Iran ($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 (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Civil Reaction Engine Imports

Imports into Oman

Civil reaction engine imports into Oman reduced notably to X units in 2021, declining by -79% compared with 2020 figures. Over the period under review, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by 837% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, civil reaction engine imports declined significantly to $X in 2021. In general, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2014 when imports increased by 848% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), the UK (X units) and Finland (X units) were the main suppliers of civil reaction engine imports to Oman, together accounting for 70% of total imports. These countries were followed by Italy, Qatar, Canada, France and Australia, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +30.5%), while purchases for the other leaders experienced a decline.

In value terms, the UK ($X) constituted the largest supplier of civil reaction engines to Oman, comprising 43% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 17% share of total imports. It was followed by Finland, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from the UK amounted to -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-13.5% per year) and Finland (-12.1% per year).

Import Prices by Country

The average civil reaction engine import price stood at $X per unit in 2021, surging by 7% against the previous year. Over the period under review, the import price recorded buoyant growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 192%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+40.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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