Oman: Mobile Lifting Frame Market 2024

Mobile Lifting Frame Market Size in Oman

In 2021, the Omani mobile lifting frame market decreased by -4.7% to $X, falling for the fifth year in a row after two years of growth. Over the period under review, consumption, however, recorded a buoyant increase. Mobile lifting frame consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Mobile Lifting Frame Production in Oman

In value terms, mobile lifting frame production contracted notably to $X in 2021 estimated in export price. Overall, production showed a deep contraction. The pace of growth appeared the most rapid in 2015 when the production volume increased by 656% against the previous year. Mobile lifting frame production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Mobile Lifting Frame Exports

Exports from Oman

In 2021, approx. X units of mobile lifting frames on tyres and straddle carriers were exported from Oman; declining by -80.7% on the previous year's figure. Over the period under review, exports faced a dramatic decline. The pace of growth appeared the most rapid in 2016 with an increase of 2,585%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, mobile lifting frame exports declined sharply to $X in 2021. In general, exports showed a precipitous setback. The pace of growth appeared the most rapid in 2016 when exports increased by 2,836% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), Iran (X units) and the United Arab Emirates (X units) were the main destinations of mobile lifting frame exports from Oman, with a combined 95% share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of -13.8%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for mobile lifting frame exported from Oman were India ($X), the United Arab Emirates ($X) and Qatar ($X), together comprising 87% of total exports.

India, with a CAGR of -7.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average mobile lifting frame export price amounted to $X per unit, jumping by 62% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 187% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, 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 (+351.4%), while the prices for the other major destinations experienced more modest paces of growth.

Mobile Lifting Frame Imports

Imports into Oman

For the third consecutive year, Oman recorded decline in overseas purchases of mobile lifting frames on tyres and straddle carriers, which decreased by -69.7% to X units in 2021. Overall, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 204% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, mobile lifting frame imports shrank rapidly to $X in 2021. Over the period under review, imports saw a significant decline. The growth pace was the most rapid in 2018 with an increase of 225%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Spain (X units), South Korea (X units) and Germany (X units) were the main suppliers of mobile lifting frame imports to Oman, with a combined 71% share of total imports. The Netherlands, China, Saudi Arabia, the United States, Japan, Italy, the United Arab Emirates and India lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +4.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest mobile lifting frame suppliers to Oman were the Netherlands ($X), Spain ($X) and China ($X), together accounting for 76% of total imports.

The Netherlands, with a CAGR of +2.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average mobile lifting frame import price stood at $X per unit in 2021, jumping by 16% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2017 an increase of 34%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 the Netherlands ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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