Oman: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Oman

The Omani wood milling machine market surged to $X in 2021, growing by 28% 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 remarkable increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Wood Milling Machine Exports

Exports from Oman

In 2021, shipments abroad of planing, milling or moulding machines decreased by -23.1% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by 15,100%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, wood milling machine exports contracted markedly to $X in 2021. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 82,372% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Yemen (X units) was the main destination for wood milling machine exports from Oman, with a 65% share of total exports. Moreover, wood milling machine exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume to Yemen totaled -35.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+4.6% per year) and Qatar (+8.0% per year).

In value terms, the largest markets for wood milling machine exported from Oman were Yemen ($X), the United Arab Emirates ($X) and Qatar ($X).

The United Arab Emirates, with a CAGR of -18.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average wood milling machine export price amounted to $X per unit, falling by -14.3% against the previous year. Overall, the export price showed a sharp curtailment. The most prominent rate of growth was recorded in 2017 an increase of 541% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Qatar ($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 Yemen (-16.3%), while the prices for the other major destinations experienced a decline.

Wood Milling Machine Imports

Imports into Oman

For the third year in a row, Oman recorded growth in supplies from abroad of planing, milling or moulding machines, which increased by 29% to X units in 2021. Over the period under review, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 206% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, wood milling machine imports soared to $X in 2021. In general, imports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 174% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of wood milling machine to Oman, accounting for a 54% share of total imports. Moreover, wood milling machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. Belgium (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled +51.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+24.7% per year) and Belgium (+44.8% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of planing, milling or moulding machines to Oman, comprising 52% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by Turkey, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) amounted to +33.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+7.6% per year) and Turkey (+10.1% per year).

Import Prices by Country

In 2021, the average wood milling machine import price amounted to $X per unit, falling by -10.1% against the previous year. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 a decrease of -2.4%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+158.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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