Oman: Book Folding Machine Market 2024

Book Folding Machine Market Size in Oman

The Omani book folding machine market reduced to $X in 2022, falling by -11.5% 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). Over the period under review, consumption recorded a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Book Folding Machine Exports

Exports from Oman

In 2022, after five years of growth, there was significant decline in shipments abroad of folding machines for books, when their volume decreased by -40.2% to X units. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 335%. As a result, the exports attained the peak of X units, and then dropped remarkably in the following year.

In value terms, book folding machine exports reduced sharply to $X in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 423% against the previous year. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for book folding machine exports from Oman, with a 75% share of total exports. Moreover, book folding machine exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +68.8%.

In value terms, the largest markets for book folding machine exported from Oman were the United Arab Emirates ($X) and Qatar ($X).

The United Arab Emirates, with a CAGR of +81.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average book folding machine export price amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 74% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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 Qatar ($X per unit), while the average price for exports to the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+38.4%), while the prices for the other major destinations experienced mixed trend patterns.

Book Folding Machine Imports

Imports into Oman

In 2022, imports of folding machines for books into Oman reduced remarkably to X units, which is down by -22.3% on the previous year. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of 184% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, book folding machine imports shrank to $X in 2022. Overall, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 148% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest book folding machine supplier to Oman, with a 74% share of total imports. Moreover, book folding machine imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The UK (X units) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.9% per year) and the UK (-16.8% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of folding machines for books to Oman, comprising 50% of total imports. The second position in the ranking was taken by Turkey ($X), with a 12% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+62.2% per year) and Japan (-2.5% per year).

Import Prices by Country

The average book folding machine import price stood at $X per unit in 2022, surging by 18% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 63%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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