Oman: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in Oman

After two years of growth, the Omani panel display manufacturing machine market decreased by -12% to $X in 2021. Over the period under review, consumption recorded buoyant growth. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Production of Machines For The Manufacture Of Flat Panel Displays in Oman

In value terms, panel display manufacturing machine production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 13% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from Oman

In 2021, exports of machines for the manufacture of flat panel displays from Oman skyrocketed to X units, picking up by 50% on the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, panel display manufacturing machine exports surged to $X in 2021. Over the period under review, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X units) and Yemen (X units) were the main destinations of panel display manufacturing machine exports from Oman. Moreover, panel display manufacturing machine exports in the United Arab Emirates exceeded the figures recorded by the second-largest exporter, Yemen, twofold.

From 2012 to 2021, the biggest increases were in Yemen (with a CAGR of 0.0%).

In value terms, the United Arab Emirates ($X) remains the key foreign market for panel display manufacturing machine exports from Oman, comprising 78% of total exports. The second position in the ranking was taken by Yemen ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +4.3%.

Export Prices by Country

The average panel display manufacturing machine export price stood at $X per unit in 2021, jumping by 209% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Yemen amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.4%).

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into Oman

In 2021, imports of machines for the manufacture of flat panel displays into Oman skyrocketed to X units, jumping by 100% on the previous year. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, panel display manufacturing machine imports declined remarkably to $X in 2021. In general, imports, however, continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 603%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

India (X units) and Germany (X units) were the main suppliers of panel display manufacturing machine imports to Oman.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of 0.0%).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of panel display manufacturing machine to Oman, comprising 61% of total imports. The second position in the ranking was held by India ($X), with a 25% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to -18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-19.7% per year) and China (-31.7% per year).

Import Prices by Country

The average panel display manufacturing machine import price stood at $X per unit in 2021, falling by -90.3% against the previous year. Over the period under review, the import price continues to indicate a precipitous contraction. The pace of growth was the most pronounced in 2020 an increase of 101% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Germany ($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 (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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