Oman: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Oman

In 2021, the Omani positive displacement pump market increased by 24% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded prominent growth. Positive displacement pump consumption peaked in 2021 and is likely to see gradual growth in years to come.

Positive Displacement Pump Exports

Exports from Oman

In 2021, overseas shipments of positive displacement pumps and hand pumps increased by 24% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 2,733% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, positive displacement pump exports rose notably to $X in 2021. Over the period under review, exports showed a resilient increase. The growth pace was the most rapid in 2015 with an increase of 3,164%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Yemen (X units) and Turkey (X units) were the main destinations of positive displacement pump exports from Oman, with a combined 92% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Yemen (with a CAGR of +40.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for positive displacement pump exported from Oman were the United Arab Emirates ($X), Turkey ($X) and Qatar ($X), with a combined 82% share of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of +94.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average positive displacement pump export price amounted to $X per unit, which is down by -12.3% against the previous year. Overall, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 229% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per unit), while the average price for exports to Yemen ($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 Turkey (+58.7%), while the prices for the other major destinations experienced more modest paces of growth.

Positive Displacement Pump Imports

Imports into Oman

In 2021, positive displacement pump imports into Oman skyrocketed to X units, rising by 42% against the year before. Over the period under review, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 149%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, positive displacement pump imports expanded modestly to $X in 2021. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 98%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest positive displacement pump supplier to Oman, accounting for a 83% share of total imports. Moreover, positive displacement pump imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+93.4% per year) and Germany (+23.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of positive displacement pumps and hand pumps to Oman, comprising 46% of total imports. The second position in the ranking was taken by Singapore ($X), with a 7.8% share of total imports. It was followed by Qatar, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+37.0% per year) and Qatar (+88.4% per year).

Import Prices by Country

The average positive displacement pump import price stood at $X per unit in 2021, shrinking by -27.5% against the previous year. Over the period under review, the import price saw a perceptible descent. The growth pace was the most rapid in 2016 when the average import price increased by 69%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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