Oman: Electroplating Machine Market 2024

Electroplating Machine Market Size in Oman

The Omani electroplating machine market was finally on the rise to reach $X in 2021, after eight years of decline. In general, consumption, however, faced a sharp descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electroplating Machine Production in Oman

In value terms, electroplating machine production amounted to $X in 2021 estimated in export price. In general, production saw a precipitous curtailment. The pace of growth was the most pronounced in 2015 when the production volume decreased by -17.7%. Electroplating machine production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Electroplating Machine Exports

Exports from Oman

For the seventh year in a row, Oman recorded decline in shipments abroad of machines for electroplating, electrolysis or electrophoresis, which decreased by -31.3% to X units in 2021. Over the period under review, exports recorded a sharp decline. The pace of growth was the most pronounced in 2014 when exports increased by 810%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electroplating machine exports reduced to $X in 2021. Overall, exports, however, recorded a tangible expansion. The growth pace was the most rapid in 2014 with an increase of 1,797%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for electroplating machine exports from Oman, with a 89% share of total exports. Moreover, electroplating machine exports to Saudi Arabia exceeded the volume sent to the second major destination, Bahrain (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia amounted to -24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+0.5% per year) and the United Arab Emirates (+37.2% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for electroplating machine exports from Oman, comprising 82% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+35.9% per year) and the United Arab Emirates (+70.8% per year).

Export Prices by Country

The average electroplating machine export price stood at $X per unit in 2021, surging by 42% against the previous year. In general, the export price saw significant growth. The pace of growth was the most pronounced in 2014 an increase of 108% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Bahrain ($X per unit), while the average price for exports to the United Arab Emirates ($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 Bahrain (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into Oman

In 2021, after two years of growth, there was significant decline in overseas purchases of machines for electroplating, electrolysis or electrophoresis, when their volume decreased by -89.5% to X units. In general, imports showed a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 740% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electroplating machine imports contracted dramatically to $X in 2021. Over the period under review, imports saw a precipitous decline. The pace of growth was the most pronounced in 2020 when imports increased by 538% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) was the main electroplating machine supplier to Oman, with a 95% share of total imports. It was followed by Italy (X units), with a 2.6% share of total imports. The third position in this ranking was taken by the United Arab Emirates (X units), with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled -33.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-28.5% per year) and the United Arab Emirates (-59.8% per year).

In value terms, Japan ($X) constituted the largest supplier of electroplating machine to Oman, comprising 96% of total imports. The second position in the ranking was taken by Italy ($X), with a 2% share of total imports. It was followed by Belgium, with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled -33.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-31.9% per year) and Belgium (-61.8% per year).

Import Prices by Country

The average electroplating machine import price stood at $X per unit in 2021, rising by 85% against the previous year. Over the period under review, the import price continues to indicate strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+20.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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