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

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

The Omani numerically controlled drilling machine market skyrocketed to $X in 2021, picking up by 20% 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). Overall, consumption saw a mild increase. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Oman

In 2021, approx. X kg of numerically controlled drilling machines for working metal were exported from Oman; falling by -13.9% compared with the year before. Overall, exports, however, showed notable growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,131% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, numerically controlled drilling machine exports dropped rapidly to $X in 2021. Over the period under review, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 127%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for numerically controlled drilling machine exports from Oman, accounting for a 85% share of total exports. Moreover, numerically controlled drilling machine exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X kg), sevenfold. Yemen (X kg) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and Yemen (0.0% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for numerically controlled drilling machines for working metal exports from Oman, comprising 89% of total exports. The second position in the ranking was held by Yemen ($X), with a 7.1% share of total exports. It was followed by Qatar, with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +44.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (0.0% per year) and Qatar (-16.7% per year).

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, declining by -1.6% against the previous year. In general, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 35%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 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 Qatar ($X per ton), while the average price for exports to Saudi Arabia ($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 Qatar (+32.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Oman

Numerically controlled drilling machine imports into Oman expanded sharply to X tons in 2021, surging by 14% on 2020 figures. Overall, imports saw a mild expansion. The most prominent rate of growth was recorded in 2013 with an increase of 3,307% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, numerically controlled drilling machine imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 842% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), the Netherlands (X tons) and the United Arab Emirates (X tons) were the main suppliers of numerically controlled drilling machine imports to Oman, with a combined 89% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +41.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest numerically controlled drilling machine suppliers to Oman were the United Arab Emirates ($X), the United States ($X) and the Netherlands ($X), together comprising 89% of total imports.

The Netherlands, with a CAGR of +35.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average numerically controlled drilling machine import price stood at $X per ton in 2021, rising by 20% against the previous year. In general, the import price, however, saw a slight setback. The pace of growth appeared the most rapid in 2015 an increase of 87% against the previous year. Over the period under review, average import prices hit record highs at $X per ton 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, the country with the highest price was Bahrain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+87.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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