Oman: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Oman

The Omani radio navigation apparatus market reduced to $X in 2021, waning by -5.2% against the previous year. Overall, consumption, however, recorded a remarkable increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Radio Navigation Apparatus Production in Oman

In value terms, radio navigation apparatus production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 96% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Radio Navigation Apparatus Exports

Exports from Oman

In 2021, shipments abroad of radio navigational aid apparatus increased by 103% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 8,340% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, radio navigation apparatus exports reduced to $X in 2021. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 11,603% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Yemen (X tons) was the main destination for radio navigation apparatus exports from Oman, accounting for a 76% share of total exports. Moreover, radio navigation apparatus exports to Yemen exceeded the volume sent to the second major destination, the UK (X kg), eightfold. The third position in this ranking was held by Japan (X kg), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to Yemen amounted to +4,423.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+28.6% per year) and Japan (+29.5% per year).

In value terms, Yemen ($X) emerged as the key foreign market for radio navigational aid apparatus exports from Oman, comprising 37% of total exports. The second position in the ranking was taken by the UK ($X), with an 8.6% share of total exports. It was followed by Japan, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value to Yemen stood at +3,037.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+10.9% per year) and Japan (+24.6% per year).

Export Prices by Country

In 2021, the average radio navigation apparatus export price amounted to $X per kg, shrinking by -54.2% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2013 an increase of 458%. The export price peaked at $X per kg in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per kg), while the average price for exports to Yemen ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-3.9%), while the prices for the other major destinations experienced a decline.

Radio Navigation Apparatus Imports

Imports into Oman

In 2021, supplies from abroad of radio navigational aid apparatus increased by 17% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2017 when imports increased by 815% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, radio navigation apparatus imports skyrocketed to $X in 2021. Overall, imports, however, recorded a deep reduction. The growth pace was the most rapid in 2017 when imports increased by 744% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest radio navigation apparatus supplier to Oman, with a 54% share of total imports. Moreover, radio navigation apparatus imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, South Africa (X kg), eightfold. The third position in this ranking was taken by Qatar (X kg), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+11.2% per year) and Qatar (+44.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of radio navigational aid apparatus to Oman, comprising 36% of total imports. The second position in the ranking was taken by Turkey ($X), with a 6.1% share of total imports. It was followed by Lithuania, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.3% per year) and Lithuania (+26.6% per year).

Import Prices by Country

In 2021, the average radio navigation apparatus import price amounted to $X per ton, jumping by 41% against the previous year. Overall, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, radio navigation apparatus import price increased by +51.0% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :