Oman: Market for Process Control, Gate, Globe and Other Valves 2024

Exports of Process Control, Gate, Globe and Other Valves

Exports from Oman

In 2022, after three years of growth, there was decline in shipments abroad of process control, gate, globe and other valves, when their volume decreased by -2.3% to X tons. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 754%. Over the period under review, the exports of reached the peak figure at X tons in 2021, and then fell slightly in the following year.

In value terms, exports of process control, gate, globe and other valves shrank to $X in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 863%. Over the period under review, the exports of hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Qatar (X tons), Saudi Arabia (X tons) and Kuwait (X tons) were the main destinations of exports of process control, gate, globe and other valves from Oman, together comprising 73% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +158.0%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for process control, gate, globe and other valves exports from Oman, comprising 33% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 15% share of total exports. It was followed by Kuwait, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar amounted to +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+72.1% per year) and Kuwait (+149.2% per year).

Export Prices by Country

The average export price for process control, gate, globe and other valves stood at $X per ton in 2022, shrinking by -12.5% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2014 an increase of 150% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+90.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Process Control, Gate, Globe and Other Valves

Imports into Oman

Imports of process control, gate, globe and other valves into Oman rose significantly to X tons in 2022, increasing by 9.4% against the year before. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 37% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of process control, gate, globe and other valves rose markedly to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 46% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of process control, gate, globe and other valves to Oman, together accounting for 65% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +24.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest process control, gate, globe and other valves suppliers to Oman were China ($X), India ($X) and Italy ($X), with a combined 50% share of total imports. These countries were followed by the United Arab Emirates, Singapore, Spain, South Korea, Germany and the United States, which together accounted for a further 33%.

Spain, with a CAGR of +26.5%, 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 import price for process control, gate, globe and other valves stood at $X per ton in 2022, reducing by -1.7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 11% against the previous year. The import price peaked at $X per ton in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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