Oman: Non-Numerically Controlled Lathe Market 2024

Non-Numerically Controlled Lathe Market Size in Oman

For the third year in a row, the Omani non-numerically controlled lathe market recorded decline in sales value, which decreased by -35.4% to $X in 2021. Over the period under review, consumption continues to indicate a abrupt slump. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Non-Numerically Controlled Lathe Exports

Exports from Oman

For the fourth year in a row, Oman recorded growth in overseas shipments of non-numerically controlled horizontal lathes, for removing metal, which increased by 100% to X units in 2021. In general, exports, however, recorded a abrupt descent. Over the period under review, the non-numerically controlled laexports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, non-numerically controlled lathe exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 93%. Over the period under review, the non-numerically controlled laexports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for non-numerically controlled lathe exports from Oman, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

In value terms, India ($X) remains the key foreign market for non-numerically controlled horizontal lathes, for removing metal exports from Oman, comprising 93% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 7.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India totaled -11.9%.

Export Prices by Country

In 2021, the average non-numerically controlled lathe export price amounted to $X per unit, reducing by -44.6% against the previous year. Overall, the export price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2017 an increase of 470%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was India ($X per unit), while the average price for exports to the United Arab Emirates amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.4%), while the prices for the other major destinations experienced a decline.

Non-Numerically Controlled Lathe Imports

Imports into Oman

Non-numerically controlled lathe imports into Oman dropped dramatically to X units in 2021, waning by -29.1% against 2020. In general, imports recorded a deep reduction. The growth pace was the most rapid in 2016 when imports increased by 158% against the previous year. Over the period under review, non-numerically controlled laimports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-numerically controlled lathe imports contracted notably to $X in 2021. Overall, imports showed a deep downturn. The growth pace was the most rapid in 2018 when imports increased by 283%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of non-numerically controlled lathe to Oman, with a 33% share of total imports. Moreover, non-numerically controlled lathe imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, India (X units), twofold. Pakistan (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-6.8% per year) and Pakistan (-27.9% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of non-numerically controlled horizontal lathes, for removing metal to Oman, comprising 44% of total imports. The second position in the ranking was taken by Austria ($X), with a 19% share of total imports. It was followed by Taiwan (Chinese), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from Bulgaria amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+7.9% per year) and Taiwan (Chinese) (-10.9% per year).

Import Prices by Country

The average non-numerically controlled lathe import price stood at $X per unit in 2021, waning by -16.8% against the previous year. Overall, the import price, however, showed resilient growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 74% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+779.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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