Report Update Nov 1, 2024

Oman - Non-Electric Industrial or Laboratory Furnaces and Ovens - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Exports

Exports from Oman

In 2022, shipments abroad of non-electric industrial or laboratory furnaces and ovens increased by 57% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, saw a deep downturn. The growth pace was the most rapid in 2016 when exports increased by 1,033%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, non-electric industrial furnace exports expanded rapidly to $X in 2022. In general, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of 1,576%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) were the main destinations of non-electric industrial furnace exports from Oman, with a combined 91% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, India ($X) remains the key foreign market for non-electric industrial or laboratory furnaces and ovens exports from Oman, comprising 78% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Yemen, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+1.4% per year) and Yemen (+50.6% per year).

Export Prices by Country

The average non-electric industrial furnace export price stood at $X per unit in 2022, which is down by -27.1% against the previous year. Overall, the export price, however, saw prominent growth. The pace of growth appeared the most rapid in 2020 an increase of 58% against the previous year. The export price peaked at $X per unit in 2021, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Saudi Arabia ($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 Qatar (+42.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into Oman

In 2022, non-electric industrial furnace imports into Oman surged to X units, picking up by 363% compared with the previous year's figure. Overall, imports recorded a notable expansion. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric industrial furnace imports surged to $X in 2022. In general, imports saw tangible growth. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electric industrial furnace to Oman, accounting for a 40% share of total imports. Moreover, non-electric industrial furnace imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), twofold. The third position in this ranking was taken by Vietnam (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+45.3% per year) and Vietnam (+97.1% per year).

In value terms, the United States ($X), China ($X) and Belgium ($X) appeared to be the largest non-electric industrial furnace suppliers to Oman, together accounting for 73% of total imports. These countries were followed by Vietnam, the United Arab Emirates, Malaysia, South Korea, Italy, Singapore and India, which together accounted for a further 23%.

Vietnam, with a CAGR of +88.0%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the average non-electric industrial furnace import price amounted to $X per unit, waning by -10.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-electric industrial or laboratory furnaces and ovens in the world?

The countries with the highest volumes of in 2021 were Indonesia, China and France, together accounting for 50% of global consumption.

What are the largest producers of non-electric industrial or laboratory furnaces and ovens in the world?

China remains the largest non-electric industrial furnace producing country worldwide, accounting for 34% of total volume. Moreover, non-electric industrial furnace production in China exceeded the figures recorded by the second-largest producer, France, threefold. India ranked third in terms of total production with an 8.9% share.

What are the leading suppliers of non-electric industrial or laboratory furnaces and ovens to Oman?

In value terms, the UK constituted the largest supplier of non-electric industrial furnace to Oman, comprising 47% of total imports. The second position in the ranking was occupied by Vietnam, with a 22% share of total imports. It was followed by Malaysia, with a 12% share.

What are the leading importers of non-electric industrial or laboratory furnaces and ovens from Oman?

In value terms, the largest markets for non-electric industrial furnace exported from Oman were the United Arab Emirates, Malaysia and Qatar, with a combined 96% share of total exports. These countries were followed by Saudi Arabia and Yemen, which together accounted for a further 4.4%.

What is the average export price for non-electric industrial or laboratory furnaces and ovens in Oman?

In 2021, the average non-electric industrial furnace export price amounted to $248 per unit, falling by -81.2% against the previous year.

What is the average import price for non-electric industrial or laboratory furnaces and ovens in Oman?

The average non-electric industrial furnace import price stood at $1,059 per unit in 2021, shrinking by -45.5% against the previous year.

This report provides an in-depth analysis of the non-electric industrial furnace market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28211270 - Industrial or laboratory furnaces and ovens, non-electric, i ncluding incinerators (excluding those for the roasting, m elting or other heat treatment of ores, pyrites or metals, b akery ovens, drying ovens and ovens for cracking operations)

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023