Oman: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Oman

In 2021, the Omani food manufacture machinery market was finally on the rise to reach $X after two years of decline. In general, consumption saw a significant increase. Food manufacture machinery consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Food Manufacture Machinery Exports

Exports from Oman

In 2021, exports of machinery for the preparation or manufacture of food or drink from Oman soared to X units, increasing by 157% against 2020 figures. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 695%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, food manufacture machinery exports skyrocketed to $X in 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 867% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Yemen (X units) was the main destination for food manufacture machinery exports from Oman, with a 75% share of total exports. Moreover, food manufacture machinery exports to Yemen exceeded the volume sent to the second major destination, Iran (X units), fourfold. The United Arab Emirates (X units) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Yemen amounted to +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (0.0% per year) and the United Arab Emirates (+51.1% per year).

In value terms, Yemen ($X) remains the key foreign market for machinery for the preparation or manufacture of food or drink exports from Oman, comprising 80% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.3% share of total exports. It was followed by Qatar, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to Yemen amounted to +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+50.7% per year) and Qatar (+19.8% per year).

Export Prices by Country

In 2021, the average food manufacture machinery export price amounted to $X per unit, which is down by -9% against the previous year. Over the period under review, the export price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2018 when the average export price increased by 95% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per unit), while the average price for exports to Iran ($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 Qatar (+2.6%), while the prices for the other major destinations experienced a decline.

Food Manufacture Machinery Imports

Imports into Oman

In 2021, purchases abroad of machinery for the preparation or manufacture of food or drink was finally on the rise to reach X units after three years of decline. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 170%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, food manufacture machinery imports surged to $X in 2021. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 183%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest food manufacture machinery supplier to Oman, with a 65% share of total imports. Moreover, food manufacture machinery imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fivefold. Turkey (X units) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +39.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+20.6% per year) and Turkey (+91.1% per year).

In value terms, the largest food manufacture machinery suppliers to Oman were China ($X), the United Arab Emirates ($X) and Italy ($X), with a combined 40% share of total imports. These countries were followed by Turkey, Lebanon and India, which together accounted for a further 6.3%.

Turkey, with a CAGR of +68.7%, recorded the highest rates of growth with regard to 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 food manufacture machinery import price amounted to $X per unit, with an increase of 32% against the previous year. In general, the import price, however, recorded a noticeable contraction. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 Lebanon (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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