Oman: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Oman

In 2022, the Omani market for mechanical appliances for projecting, dispersing or spraying increased by 22% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption showed buoyant growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Oman

In 2022, overseas shipments of mechanical appliances for projecting, dispersing or spraying decreased by -21.9% to X units for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2016 with an increase of 166% against the previous year. The exports peaked at X units in 2021, and then dropped remarkably in the following year.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying contracted remarkably to $X in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 263%. The exports peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Egypt (X units), the United Arab Emirates (X units) and Qatar (X units) were the main destinations of exports of mechanical appliances for projecting, dispersing or spraying from Oman, with a combined 96% share of total exports. India lagged somewhat behind, comprising a further 3.2%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +49.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) emerged as the key foreign market for mechanical appliances for projecting, dispersing or spraying exports from Oman, comprising 61% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total exports. It was followed by Qatar, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+49.1% per year) and Qatar (+11.4% per year).

Export Prices by Country

In 2022, the average export price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, rising by 3.7% against the previous year. In general, the export price saw a prominent increase. The growth pace was the most rapid in 2015 when the average export price increased by 91% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+1,037.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Oman

In 2022, purchases abroad of mechanical appliances for projecting, dispersing or spraying increased by 37% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 174% against the previous year. Over the period under review, imports of reached the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying skyrocketed to $X in 2022. Overall, imports recorded a moderate expansion. The pace of growth appeared the most rapid in 2018 with an increase of 121% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and Portugal (X units) were the main suppliers of imports of mechanical appliances for projecting, dispersing or spraying to Oman, together accounting for 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +44.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to Oman, comprising 44% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Thailand, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+44.0% per year) and Thailand (+30.1% per year).

Import Prices by Country

In 2022, the average import price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, waning by -16% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 an increase of 23% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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