Oman: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Oman

In 2021, the Omani oil dispensing pump market decreased by -65.8% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption showed a abrupt contraction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Oil Dispensing Pump Exports

Exports from Oman

For the third consecutive year, Oman recorded growth in shipments abroad of petrol and oil dispensing pumps, which increased by 126% to X units in 2021. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 263%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, oil dispensing pump exports expanded notably to $X in 2021. Overall, exports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 when exports increased by 233%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Yemen (X units) was the main destination for oil dispensing pump exports from Oman, with a 62% share of total exports. Moreover, oil dispensing pump exports to Yemen exceeded the volume sent to the second major destination, Iran (X units), threefold. Somalia (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 Yemen totaled +75.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+55.4% per year) and Somalia (+28.4% per year).

In value terms, the largest markets for oil dispensing pump exported from Oman were Yemen ($X), Iran ($X) and Somalia ($X), with a combined 97% share of total exports.

Yemen, with a CAGR of +86.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2021, declining by -51.3% against the previous year. In general, the export price recorded a abrupt slump. The growth pace was the most rapid in 2015 when the average export price increased by 204%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Iran ($X per unit), while the average price for exports to Yemen ($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 Yemen (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Oil Dispensing Pump Imports

Imports into Oman

After four years of growth, supplies from abroad of petrol and oil dispensing pumps decreased by -64.9% to X units in 2021. In general, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by 502%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, oil dispensing pump imports declined remarkably to $X in 2021. Over the period under review, imports showed a pronounced contraction. The growth pace was the most rapid in 2015 with an increase of 364% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and the United Arab Emirates (X units) were the main suppliers of oil dispensing pump imports to Oman, together comprising 63% of total imports. Sri Lanka, the Netherlands, India, Singapore and the United States lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +54.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of petrol and oil dispensing pumps to Oman, comprising 33% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by the United Arab Emirates, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.8% per year) and the United Arab Emirates (-4.1% per year).

Import Prices by Country

The average oil dispensing pump import price stood at $X per unit in 2021, approximately reflecting the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oil dispensing pump import price decreased by -39.8% against 2017 indices. The pace of growth was the most pronounced in 2016 an increase of 84% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :