Oman: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Oman

The Omani market for electric generating sets and rotary converters surged to $X in 2020, jumping by X% 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, consumption enjoyed strong growth. The growth pace was the most rapid in 2015 when the market value increased by X% against the previous year. Consumption peaked in 2020 and is expected to retain growth in the immediate term.

Exports of Electric Generating Sets And Rotary Converters

Exports from Oman

In 2020, shipments abroad of electric generating sets and rotary converters decreased by -X% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, exports attained the peak of X units. from 2016 to 2020, the growth of exports remained at a somewhat lower figure.

In value terms, exports of electric generating sets and rotary converters contracted to $X in 2020. In general, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Yemen (X units), the United Arab Emirates (X units) and Kuwait (X units) were the main destinations of exports of electric generating sets and rotary converters from Oman, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Kuwait, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric generating set and rotary converter exported from Oman were the United Arab Emirates ($X), Kuwait ($X) and Yemen ($X), with a combined X% share of total exports. Somalia, Qatar, Spain and Tanzania lagged somewhat behind, together comprising a further X terms of the main countries of destination, Spain saw the highest growth rate of 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 export price for electric generating sets and rotary converters stood at $X per unit in 2020, almost unchanged from the previous year. Overall, the export price, however, showed noticeable growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Kuwait ($X per unit), while the average price for exports to Tanzania ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into Oman

In 2020, approx. X units of electric generating sets and rotary converters were imported into Oman; rising by X% compared with 2019. Over the period under review, imports showed a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the near future.

In value terms, imports of electric generating sets and rotary converters fell rapidly to $X in 2020. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X units) constituted the largest supplier of electric generating set and rotary converter to Oman, accounting for a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from the U.S. exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fourfold. Poland (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Poland (+X% per year).

In value terms, the United Arab Emirates ($X), the U.S. ($X) and Poland ($X) were the largest electric generating set and rotary converter suppliers to Oman, with a combined X% share of total imports.

In terms of the main suppliers, Poland recorded the highest rates of growth with regard to 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

In 2020, the average import price for electric generating sets and rotary converters amounted to $X per unit, dropping by -X% against the previous year. Overall, the import price saw a abrupt downturn. The growth pace was the most rapid in 2010 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while the price for the U.S. ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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