Oman: Hvac Equipment Market 2024

Hvac Equipment Market Size in Oman

The Omani HVAC equipment market was estimated at $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, saw a slight reduction. Consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Hvac Equipment Production in Oman

In value terms, HVAC equipment production rose rapidly to $X in 2022 estimated in export price. In general, production, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Hvac Equipment Exports

Exports from Oman

In 2022, after two years of growth, there was decline in overseas shipments of HVAC equipment, when their volume decreased by X% to X units. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, HVAC equipment exports contracted to $X in 2022. In general, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Kuwait (X units), the United Arab Emirates (X units) and Saudi Arabia (X units) were the main destinations of HVAC equipment exports from Oman, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for HVAC equipment exported from Oman were the United Arab Emirates ($X), Iran ($X) and Qatar ($X), with a combined X% share of total exports. The United States, Saudi Arabia, Kuwait, Yemen, Kazakhstan and Singapore lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Kuwait, with a CAGR of X%, recorded 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 HVAC equipment export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to Kuwait ($X per unit) was amongst the lowest.

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

Hvac Equipment Imports

Imports into Oman

In 2022, approx. X units of HVAC equipment were imported into Oman; growing by X% against 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, HVAC equipment imports soared to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest HVAC equipment supplier to Oman, with a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold. The third position in this ranking was taken by Italy (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Italy (X% per year).

In value terms, the largest HVAC equipment suppliers to Oman were China ($X), the United Arab Emirates ($X) and Thailand ($X), with a combined X% share of total imports. Italy, Malaysia, Germany, South Korea, India, the UK, Spain and Bahrain lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of 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

The average HVAC equipment import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 the United Arab Emirates ($X per unit), while the price for India ($X per unit) 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform