Oman: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Oman

The Omani off-highway dumper market fell to $X in 2021, flattening at the previous year. Over the period under review, consumption, however, saw a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Off-Highway Dumper Production in Oman

In value terms, off-highway dumper production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Off-highway dumper production peaked in 2021 and is expected to retain growth in the near future.

Off-Highway Dumper Exports

Exports from Oman

In 2021, shipments abroad of dumpers for off-highway use was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded significant growth. The growth pace was the most rapid in 2018 with an increase of 7,363%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, off-highway dumper exports contracted rapidly to $X in 2021. Over the period under review, exports continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2018 with an increase of 7,952%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for off-highway dumper exports from Oman, with a 61% share of total exports. Moreover, off-highway dumper exports to the United Arab Emirates exceeded the volume sent to the second major destination, Yemen (X units), twofold. The third position in this ranking was held by Egypt (X units), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +52.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+74.1% per year) and Egypt (0.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for dumpers for off-highway use exports from Oman, comprising 70% of total exports. The second position in the ranking was taken by Yemen ($X), with an 18% share of total exports. It was followed by Qatar, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+25.0% per year) and Qatar (-71.4% per year).

Export Prices by Country

The average off-highway dumper export price stood at $X per unit in 2021, dropping by -43.1% against the previous year. Overall, the export price recorded a abrupt slump. The growth pace was the most rapid in 2019 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Egypt ($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 Qatar (+138.0%), while the prices for the other major destinations experienced a decline.

Off-Highway Dumper Imports

Imports into Oman

In 2021, approx. X units of dumpers for off-highway use were imported into Oman; waning by -69.7% against the previous year. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 82%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, off-highway dumper imports shrank notably to $X in 2021. Overall, imports faced a precipitous curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 110% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X units), Qatar (X units) and Bahrain (X units) were the main suppliers of off-highway dumper imports to Oman, with a combined 41% share of total imports. India, Japan, the United States, Singapore, Germany, Belgium, Saudi Arabia, Sweden, Turkey and the United Arab Emirates lagged somewhat behind, together accounting for a further 53%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +27.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Belgium ($X) and Japan ($X) were the largest off-highway dumper suppliers to Oman, with a combined 51% share of total imports. The United States, Qatar, Germany, South Korea, Turkey, the United Arab Emirates, Sweden, Singapore, Bahrain and Saudi Arabia lagged somewhat behind, together accounting for a further 44%.

Germany, with a CAGR of +10.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average off-highway dumper import price amounted to $X per unit, declining by -27.6% against the previous year. Overall, the import price continues to indicate a deep slump. The pace of growth was the most pronounced in 2017 an increase of 16% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+22.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :