Oman: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Oman

In 2021, the Omani non-hydraulic press market decreased by -27.4% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption recorded a abrupt decrease. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Non-Hydraulic Press Production in Oman

In value terms, non-hydraulic press production rose sharply to $X in 2021 estimated in export price. Overall, production, however, recorded a mild descent. The most prominent rate of growth was recorded in 2019 with an increase of 35%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Non-Hydraulic Press Exports

Exports from Oman

In 2021, approx. X units of non-hydraulic presses for working metal were exported from Oman; picking up by 362% against 2020. Over the period under review, exports recorded a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 1,762%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, non-hydraulic press exports declined slightly to $X in 2021. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 3,967%. Over the period under review, the exports reached the peak figure at $X in 2020, and then declined modestly in the following year.

Exports by Country

Somalia (X units) was the main destination for non-hydraulic press exports from Oman, accounting for a 61% share of total exports. Moreover, non-hydraulic press exports to Somalia exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by Yemen (X units), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to Somalia stood at +579.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Yemen (+137.5% per year).

In value terms, Somalia ($X) emerged as the key foreign market for non-hydraulic presses for working metal exports from Oman, comprising 61% of total exports. The second position in the ranking was taken by the United States ($X), with a 22% share of total exports. It was followed by Yemen, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to Somalia stood at +52.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Yemen (-48.2% per year).

Export Prices by Country

In 2021, the average non-hydraulic press export price amounted to $X per unit, which is down by -79.1% against the previous year. Overall, the export price, however, continues to indicate tangible growth. The most prominent rate of growth was recorded in 2018 an increase of 122% against the previous year. The export price peaked at $X per unit in 2020, and then reduced sharply in the following year.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Tanzania ($X per unit) and the United States ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and Yemen ($X per unit) were 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 (+2.1%), while the prices for the other major destinations experienced a decline.

Non-Hydraulic Press Imports

Imports into Oman

In 2021, supplies from abroad of non-hydraulic presses for working metal increased by 41% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, showed a pronounced setback. The pace of growth was the most pronounced in 2016 when imports increased by 479% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, non-hydraulic press imports soared to $X in 2021. Over the period under review, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 when imports increased by 330%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X units) constituted the largest supplier of non-hydraulic press to Oman, accounting for a 86% share of total imports. It was followed by Pakistan (X units), with a 2.4% share of total imports. China (X units) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +93.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+24.1% per year) and China (+22.8% per year).

In value terms, France ($X) constituted the largest supplier of non-hydraulic presses for working metal to Oman, comprising 78% of total imports. The second position in the ranking was taken by China ($X), with a 6.6% share of total imports. It was followed by the United Arab Emirates, with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France amounted to +99.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+35.9% per year) and the United Arab Emirates (-38.5% per year).

Import Prices by Country

In 2021, the average non-hydraulic press import price amounted to $X per unit, picking up by 38% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat 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 China ($X per unit), while the price for Pakistan ($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 (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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