Oman: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in Oman

The Omani non-electric pulley tackle market contracted dramatically to $X in 2022, dropping by -15% 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, however, continues to indicate strong growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Non-Electric Pulley Tackle Exports

Exports from Oman

In 2022, non-electric pulley tackle exports from Oman soared to X units, jumping by 100% compared with the year before. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,685%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-electric pulley tackle exports surged to $X in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 3,646% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India (X units), the United Arab Emirates (X units) and Yemen (X units) were the main destinations of non-electric pulley tackle exports from Oman, together comprising 79% 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 India (with a CAGR of +58.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric pulley tackle exported from Oman were India ($X), the United Arab Emirates ($X) and the Netherlands ($X), with a combined 79% share of total exports.

Among the main countries of destination, India, with a CAGR of +117.4%, 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 2022, the average non-electric pulley tackle export price amounted to $X per unit, waning by -27.2% against the previous year. Overall, the export price recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2020 an increase of 110%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+37.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Pulley Tackle Imports

Imports into Oman

In 2022, supplies from abroad of pulley tackle and hoists, non-powered by electric motor decreased by -21.6% to X units, falling for the second year in a row after four years of growth. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 71%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, non-electric pulley tackle imports skyrocketed to $X in 2022. Overall, total imports indicated a strong 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 -14.1% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 74%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-electric pulley tackle supplier to Oman, with a 52% share of total imports. Moreover, non-electric pulley tackle imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. India (X units) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+7.8% per year) and India (+20.3% per year).

In value terms, France ($X) constituted the largest supplier of pulley tackle and hoists, non-powered by electric motor to Oman, comprising 40% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.3% share of total imports. It was followed by Austria, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +62.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-5.4% per year) and Austria (+54.9% per year).

Import Prices by Country

The average non-electric pulley tackle import price stood at $X per unit in 2022, surging by 53% against the previous year. Over the period under review, the import price, however, saw a abrupt setback. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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