Oman: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Oman

The Omani non-numerically controlled drilling machine market totaled $X in 2021, picking up by 8.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a deep contraction. Non-numerically controlled drilling machine consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Oman

In 2021, after three years of growth, there was significant decline in overseas shipments of non-numerically controlled drilling machines for working metal, when their volume decreased by -44.8% to X tons. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 425%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports fell markedly to $X in 2021. Over the period under review, exports, however, posted resilient growth. The growth pace was the most rapid in 2018 with an increase of 576%. Over the period under review, the exports reached the maximum at $X in 2020, and then contracted dramatically in the following year.

Exports by Country

Turkey (X tons), the United Arab Emirates (X tons) and Qatar (X tons) were the main destinations of non-numerically controlled drilling machine exports from Oman, with a combined 88% share of total exports. India and Italy lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +78.0%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for non-numerically controlled drilling machines for working metal exports from Oman, comprising 63% of total exports. The second position in the ranking was taken by Italy ($X), with a 17% share of total exports. It was followed by Qatar, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey totaled +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Qatar (+71.1% per year).

Export Prices by Country

The average non-numerically controlled drilling machine export price stood at $X per ton in 2021, with a decrease of -32.4% against the previous year. Overall, the export price, however, recorded a remarkable increase. The growth pace was the most rapid in 2017 an increase of 105% against the previous year. The export price peaked at $X per ton in 2020, and then shrank significantly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to India ($X per ton) was 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 (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Oman

Non-numerically controlled drilling machine imports into Oman shrank remarkably to X tons in 2021, with a decrease of -25% against 2020. In general, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 147% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, non-numerically controlled drilling machine imports rose rapidly to $X in 2021. Overall, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 311%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest non-numerically controlled drilling machine supplier to Oman, accounting for a 74% share of total imports. Moreover, non-numerically controlled drilling machine imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), tenfold. China (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia stood at +239.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-20.6% per year) and China (-7.4% per year).

In value terms, Saudi Arabia ($X), the UK ($X) and the United Arab Emirates ($X) constituted the largest non-numerically controlled drilling machine suppliers to Oman, with a combined 51% share of total imports.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +184.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-numerically controlled drilling machine import price stood at $X per ton in 2021, jumping by 49% against the previous year. Over the period under review, the import price posted a noticeable expansion. The growth pace was the most rapid in 2015 an increase of 77% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+38.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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