Oman: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Oman

The Omani market for machines for preparing, weaving and knitting textiles reduced markedly to $X in 2021, with a decrease of -26.5% 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). In general, consumption, however, enjoyed a prominent increase. As a result, consumption attained the peak level of $X, and then reduced sharply in the following year.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Oman

In 2021, textile weaving and knitting machinery exports from Oman surged to X units, picking up by 447% on the previous year. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 600% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, textile weaving and knitting machinery exports fell significantly to $X in 2021. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 491% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then dropped dramatically in the following year.

Exports by Country

Yemen (X units) was the main destination for textile weaving and knitting machinery exports from Oman, with a 70% share of total exports. Moreover, textile weaving and knitting machinery exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. The third position in this ranking was taken by Jordan (X units), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Yemen was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+35.9% per year) and Jordan (-41.4% per year).

In value terms, Yemen ($X) emerged as the key foreign market for machines for preparing, weaving and knitting textiles exports from Oman, comprising 79% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Free Zones, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to Yemen totaled +261.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+14.2% per year) and Free Zones (0.0% per year).

Export Prices by Country

The average export price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, dropping by -87.1% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of 649%. As a result, the export price attained the peak level of $X per unit, and then fell significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Free Zones ($X per unit), while the average price for exports to Jordan ($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 the United Arab Emirates (-16.0%).

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Oman

In 2021, approx. X units of machines for preparing, weaving and knitting textiles were imported into Oman; dropping by -20.5% on the previous year. In general, imports, however, saw a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 146% against the previous year. As a result, imports reached the peak of X units, and then plummeted in the following year.

In value terms, textile weaving and knitting machinery imports fell sharply to $X in 2021. Over the period under review, imports, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 121% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), the United Arab Emirates (X units) and Sri Lanka (X units) were the main suppliers of textile weaving and knitting machinery imports to Oman, with a combined 87% share of total imports. Hong Kong SAR, South Korea and India lagged somewhat behind, together comprising a further 6.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +41.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of machines for preparing, weaving and knitting textiles to Oman, comprising 20% of total imports. The second position in the ranking was taken by China ($X), with a 7.9% share of total imports. It was followed by South Korea, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.8% per year) and South Korea (+17.2% per year).

Import Prices by Country

In 2021, the average import price for machines for preparing, weaving and knitting textiles amounted to $X per unit, with a decrease of -2.6% against the previous year. Overall, the import price faced a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 66%. As a result, import price attained the peak level of $X per unit. From 2017 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, amid the top importers, the country with the highest price was India ($X per unit), while the price for Sri Lanka ($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 (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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