Oman: Shaft Coupling Market 2024

Shaft Coupling Market Size in Oman

The Omani shaft coupling market skyrocketed to $X in 2022, jumping by 24% 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). In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -22.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Shaft Coupling Exports

Exports from Oman

After five years of growth, overseas shipments of clutches and shaft couplings decreased by -10.2% to X tons in 2022. Over the period under review, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 452%. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, shaft coupling exports reduced to $X in 2022. Overall, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 322%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

India (X tons), France (X tons) and Sweden (X tons) were the main destinations of shaft coupling exports from Oman, with a combined 73% share of total exports. These countries were followed by Canada, which accounted for a further 3%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +38.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), India ($X) and Sweden ($X) appeared to be the largest markets for shaft coupling exported from Oman worldwide, with a combined 57% share of total exports.

In terms of the main countries of destination, Sweden, with a CAGR of +31.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average shaft coupling export price stood at $X per ton in 2022, picking up by 1.7% against the previous year. In general, the export price showed a slight increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 157%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Oman

In 2022, the amount of clutches and shaft couplings imported into Oman totaled X tons, with an increase of 13% against 2021. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.8% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 64% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, shaft coupling imports skyrocketed to $X in 2022. Overall, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.5% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 62% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of shaft coupling imports to Oman, together accounting for 42% of total imports. Germany, the Netherlands, India, Singapore, Italy and Canada lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +143.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest shaft coupling suppliers to Oman were Germany ($X), the United States ($X) and the Netherlands ($X), together comprising 32% of total imports. Japan, China, India, Singapore, Italy and Canada lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, Singapore, with a CAGR of +161.7%, 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

The average shaft coupling import price stood at $X per ton in 2022, picking up by 8.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2015 an increase of 28%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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