Oman: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Oman

The Omani jacks and hoists market contracted to $X in 2022, waning by -4.9% against the previous year. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.4% against 2020 indices. Jacks and hoists consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Jacks And Hoists Production in Oman

In value terms, jacks and hoists production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a modest expansion. The pace of growth was the most pronounced in 2016 with an increase of 53% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Jacks And Hoists Exports

Exports from Oman

In 2022, jacks and hoists exports from Oman soared to X units, increasing by 77% compared with the previous year's figure. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 390% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, jacks and hoists exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 352% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units), the UK (X units) and Yemen (X units) were the main destinations of jacks and hoists exports from Oman, together accounting for 79% 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 Yemen (with a CAGR of +52.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for jacks and hoists exported from Oman were the United Arab Emirates ($X), the UK ($X) and Yemen ($X), together comprising 77% of total exports.

Yemen, with a CAGR of +56.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average jacks and hoists export price amounted to $X per unit, surging by 15% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 26%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to India ($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 India (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Jacks And Hoists Imports

Imports into Oman

In 2022, approx. X units of jacks and hoists for raising vehicles were imported into Oman; increasing by 33% compared with the previous year's figure. Over the period under review, imports recorded a moderate expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,254%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, jacks and hoists imports rose remarkably to $X in 2022. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,069% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest supplier of jacks and hoists to Oman, accounting for a 41% share of total imports. Moreover, jacks and hoists imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was held by the UK (X units), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.9% per year) and the UK (+69.3% per year).

In value terms, the United Arab Emirates ($X), the UK ($X) and Saudi Arabia ($X) constituted the largest jacks and hoists suppliers to Oman, with a combined 69% share of total imports. China, South Africa, Qatar, South Korea, Germany, Luxembourg, the United States, Spain, Austria and the Netherlands lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, South Korea, with a CAGR of +178.3%, saw 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 2022, the average jacks and hoists import price amounted to $X per unit, shrinking by -18.8% against the previous year. Overall, the import price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2014 an increase of 58% against the previous year. The import price peaked at $X per unit in 2021, and then dropped markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+82.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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