Oman: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Oman

In 2022, the Omani market for machine-tools for working stone, ceramics, and concrete increased by 224% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, saw a abrupt decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Oman

In 2022, the amount of machine-tools for working stone, ceramics, and concrete exported from Oman contracted markedly to X units, with a decrease of -21.3% against the previous year's figure. Over the period under review, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of 177% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, machine tools for working stone exports shrank significantly to $X in 2022. In general, exports showed a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 246%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Yemen (X units) was the main destination for machine tools for working stone exports from Oman, with a 94% share of total exports. Moreover, machine tools for working stone exports to Yemen exceeded the volume sent to the second major destination, Qatar (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen amounted to -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-6.7% per year) and the United Arab Emirates (-28.8% per year).

In value terms, Yemen ($X) remains the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Oman, comprising 79% of total exports. The second position in the ranking was held by Qatar ($X), with a 20% share of total exports. It was followed by Italy, with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen stood at +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+24.9% per year) and Italy (-41.1% per year).

Export Prices by Country

In 2022, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the export price, however, recorded a mild shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 102% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood 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 Italy ($X per unit), while the average price for exports to Yemen ($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 Italy (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Oman

In 2022, purchases abroad of machine-tools for working stone, ceramics, and concrete was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a noticeable decline. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, machine tools for working stone imports soared to $X in 2022. Over the period under review, imports, however, showed a deep downturn. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Italy (X units) were the main suppliers of machine tools for working stone imports to Oman, with a combined 51% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +46.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine tools for working stone suppliers to Oman were China ($X), Germany ($X) and Italy ($X), with a combined 49% share of total imports. The United Arab Emirates, Turkey, Japan, Lebanon, Iran, Bahrain and Spain lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Japan, with a CAGR of +29.2%, saw the highest growth rate of 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

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, declining by -12.9% against the previous year. Overall, the import price saw a noticeable setback. The pace of growth was the most pronounced in 2017 an increase of 28% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Spain ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :