Oman: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Oman

The Omani machine-tool for working wood market soared to $X in 2021, growing by 87% 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). Overall, consumption saw a measured increase. Machine-tool for working wood consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports from Oman

In 2021, machine-tool for working wood exports from Oman surged to X tons, rising by 21% on the previous year's figure. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 557%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, machine-tool for working wood exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2019 when exports increased by 747% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Yemen (X tons) was the main destination for machine-tool for working wood exports from Oman, with a 48% share of total exports. Moreover, machine-tool for working wood exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. India (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Yemen totaled +123.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+14.8% per year) and India (+80.3% per year).

In value terms, Yemen ($X), India ($X) and the United Arab Emirates ($X) constituted the largest markets for machine-tool for working wood exported from Oman worldwide, together accounting for 66% of total exports. Libya, Bahrain, the Netherlands, Qatar and Saudi Arabia lagged somewhat behind, together comprising a further 21%.

Libya, with a CAGR of +1,936.7%, recorded the highest rates of growth with regard to the value of exports, among 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 2021, the average machine-tool for working wood export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 87%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then dropped slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+150.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Oman

In 2021, imports of machine-tools for working wood into Oman skyrocketed to X tons, with an increase of 69% on 2020 figures. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of 89% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, machine-tool for working wood imports soared to $X in 2021. Overall, imports showed a mild expansion. The pace of growth was the most pronounced in 2017 when imports increased by 101%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Turkey (X tons) were the main suppliers of machine-tool for working wood imports to Oman, together comprising 71% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +45.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of machine-tools for working wood to Oman, comprising 31% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Italy, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.5% per year) and Italy (-12.8% per year).

Import Prices by Country

The average machine-tool for working wood import price stood at $X per ton in 2021, rising by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2017 when the average import price increased by 24% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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