Oman: Computing Machinery Market 2024

Computing Machinery Market Size in Oman

In 2021, the Omani computing machinery market decreased by -23.5% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, continues to indicate a modest expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Computing Machinery Exports

Exports from Oman

For the third consecutive year, Oman recorded growth in shipments abroad of computing machinery and parts and accessories thereof, which increased by 151% to X tons in 2021. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 836%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, computing machinery exports skyrocketed to $X in 2021. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 1,642% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for computing machinery exports from Oman, accounting for a 1.2% share of total exports. Moreover, computing machinery exports to the Netherlands exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. Qatar (X tons) ranked third in terms of total exports with a 0.2% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-12.2% per year) and Qatar (+1.2% per year).

In value terms, the largest markets for computing machinery exported from Oman were Iran ($X), Qatar ($X) and the UK ($X), together accounting for 5.7% of total exports.

Iran, with a CAGR of +58.5%, recorded the highest rates of growth with regard to the value of exports, among 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 computing machinery export price stood at $X per ton in 2021, falling by -34.7% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 an increase of 86%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+44.9%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Oman

In 2021, supplies from abroad of computing machinery and parts and accessories thereof decreased by -1.3% to X tons, falling for the second year in a row after three years of growth. In general, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 60%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, computing machinery imports reduced dramatically to $X in 2021. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 64%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of computing machinery to Oman, accounting for a 44% share of total imports. Moreover, computing machinery imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.8% per year) and the Netherlands (+10.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Oman, comprising 72% of total imports. The second position in the ranking was taken by the UK ($X), with a 9.4% share of total imports. It was followed by the Netherlands, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+27.8% per year) and the Netherlands (+6.7% per year).

Import Prices by Country

In 2021, the average computing machinery import price amounted to $X per ton, falling by -13.9% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 21%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then fell in the following year.

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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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