Oman: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Oman

The Omani market for parts of harvester and threshers soared to $X in 2021, growing by 58% 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). Over the period under review, consumption posted a significant increase. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Oman

In 2021, parts of harvester and threshers exports from Oman fell notably to X units, with a decrease of -27.4% on the previous year's figure. Overall, exports faced a sharp downturn. The most prominent rate of growth was recorded in 2016 with an increase of 366%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, parts of harvester and threshers exports fell modestly to $X in 2021. Over the period under review, exports saw a significant contraction. The most prominent rate of growth was recorded in 2016 with an increase of 263% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X units) was the main destination for parts of harvester and threshers exports from Oman, with a 69% share of total exports. Moreover, parts of harvester and threshers exports to Iran exceeded the volume sent to the second major destination, Germany (X units), fourfold. Qatar (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Qatar (-24.2% per year).

In value terms, Iran ($X) remains the key foreign market for parts of harvester and threshers exports from Oman, comprising 93% of total exports. The second position in the ranking was held by Germany ($X), with a 5.8% share of total exports. It was followed by Qatar, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value to Iran totaled +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Qatar (-38.8% per year).

Export Prices by Country

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, growing by 33% against the previous year. Over the period under review, the export price saw a significant increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 148% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Parts Of Harvester And Threshers

Imports into Oman

Parts of harvester and threshers imports into Oman surged to X units in 2021, with an increase of 30% compared with the year before. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 219%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, parts of harvester and threshers imports soared to $X in 2021. Over the period under review, imports posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 121%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

New Zealand (X units), Turkey (X units) and the United Arab Emirates (X units) were the main suppliers of parts of harvester and threshers imports to Oman, with a combined 46% 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 New Zealand (with a CAGR of +39.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) constituted the largest supplier of parts of harvester and threshers to Oman, comprising 14% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.2% share of total imports. It was followed by Turkey, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value from New Zealand totaled +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-6.7% per year) and Turkey (+23.8% per year).

Import Prices by Country

In 2021, the average import price for parts of harvester and threshers amounted to $X per unit, picking up by 38% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 42%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform