Oman: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Oman

In 2021, the Omani market for in-hand motor grinders, sanders and planers increased by 6.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a buoyant increase. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Oman

In 2021, exports of in-hand motor grinders, sanders and planers from Oman skyrocketed to X units, jumping by 24% compared with 2020 figures. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 335%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers surged to $X in 2021. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2018 with an increase of 193% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Oman, accounting for a 66% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X units), fivefold. Free Zones (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +64.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+3.5% per year) and Free Zones (0.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Oman, comprising 62% of total exports. The second position in the ranking was taken by Qatar ($X), with a 12% share of total exports. It was followed by Free Zones, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +42.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+10.4% per year) and Free Zones (0.0% per year).

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, surging by 3.1% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 107%. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to Germany ($X per unit) and Turkey ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and Free Zones ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+350.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Oman

In 2021, overseas purchases of in-hand motor grinders, sanders and planers were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 214%. Over the period under review, imports of attained the maximum at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, imports of in-hand motor grinders, sanders and planers expanded notably to $X in 2021. Over the period under review, imports posted strong growth. The pace of growth appeared the most rapid in 2013 when imports increased by 278%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor supplier to Oman, accounting for a 83% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The third position in this ranking was held by the Czech Republic (X units), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.6% per year) and the Czech Republic (+79.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Oman, comprising 82% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 6.1% share of total imports. It was followed by China, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+78.5% per year) and China (+11.7% per year).

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, surging by 5.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2015 an increase of 48%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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