Oman: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Oman

In 2021, the Omani filling containers machinery market increased by 37% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption posted a buoyant increase. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in years to come.

Filling Containers Machinery Exports

Exports from Oman

Filling containers machinery exports from Oman skyrocketed to X units in 2021, increasing by 158% compared with the year before. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 202% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, filling containers machinery exports skyrocketed to $X in 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 197%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Yemen (X units) was the main destination for filling containers machinery exports from Oman, accounting for a 84% share of total exports. Moreover, filling containers machinery exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X units), sevenfold. The UK (X units) ranked third in terms of total exports with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Yemen stood at +99.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+5.5% per year) and the UK (+28.4% per year).

In value terms, Yemen ($X), the United Arab Emirates ($X) and Somalia ($X) appeared to be the largest markets for filling containers machinery exported from Oman worldwide, together comprising 96% of total exports.

Yemen, with a CAGR of +114.8%, saw the highest rates of growth with regard to 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 2021, the average filling containers machinery export price amounted to $X per unit, declining by -12.8% against the previous year. Over the period under review, the export price showed a noticeable descent. The pace of growth was the most pronounced in 2018 when the average export price increased by 26%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Somalia ($X per unit), while the average price for exports to Yemen ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Oman

In 2021, the amount of machinery for filling, closing, sealing, capsuling or labelling containers imported into Oman surged to X units, rising by 80% compared with the previous year. Overall, imports saw a strong expansion. The growth pace was the most rapid in 2017 when imports increased by 87% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, filling containers machinery imports reached $X in 2021. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.0% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 67% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of filling containers machinery to Oman, accounting for a 44% share of total imports. Moreover, filling containers machinery imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold. South Korea (X units) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+7.9% per year) and South Korea (+82.4% per year).

In value terms, the largest filling containers machinery suppliers to Oman were the United Arab Emirates ($X), China ($X) and South Korea ($X), together accounting for 47% of total imports.

South Korea, with a CAGR of +97.6%, 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

In 2021, the average filling containers machinery import price amounted to $X per unit, with a decrease of -36.3% against the previous year. In general, the import price showed a abrupt setback. The growth pace was the most rapid in 2019 when the average import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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