Oman: Market for Reel Fed Offset Printing Machinery 2024

Market Size for Reel Fed Offset Printing Machinery in Oman

The Omani market for reel fed offset printing machinery soared to $X in 2022, increasing by 31% against the previous year. In general, consumption, however, faced a abrupt slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Reel Fed Offset Printing Machinery in Oman

In value terms, reel fed offset printing machinery production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a resilient increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 40%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Reel Fed Offset Printing Machinery

Exports from Oman

In 2022, the amount of reel fed offset printing machinery exported from Oman reduced to X units, waning by -14.3% against the year before. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 75%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, reel fed offset printing machinery exports reduced to $X in 2022. Over the period under review, exports showed a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 385% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Iran (X units), the United Arab Emirates (X units) and Yemen (X units) were the main destinations of reel fed offset printing machinery exports from Oman, with a combined 50% share of total exports. Qatar and Italy lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Qatar ($X), Yemen ($X) and the United Arab Emirates ($X) were the largest markets for reel fed offset printing machinery exported from Oman worldwide, with a combined 69% share of total exports.

Yemen, with a CAGR of +11.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for reel fed offset printing machinery stood at $X per unit in 2022, rising by 10% against the previous year. Overall, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 177% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Qatar ($X per unit), while the average price for exports to Iran ($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 Qatar (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reel Fed Offset Printing Machinery

Imports into Oman

After two years of decline, overseas purchases of reel fed offset printing machinery increased by 55% to X units in 2022. Overall, imports, however, showed a dramatic descent. The most prominent rate of growth was recorded in 2014 when imports increased by 623%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, reel fed offset printing machinery imports skyrocketed to $X in 2022. In general, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 358%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest supplier of reel fed offset printing machinery to Oman, with a 63% share of total imports. Moreover, reel fed offset printing machinery imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), eightfold. The Netherlands (X units) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at -16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-28.9% per year) and the Netherlands (0.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of reel fed offset printing machinery to Oman, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with a 6.9% share of total imports. It was followed by South Korea, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-25.9% per year) and South Korea (+4.8% per year).

Import Prices by Country

In 2022, the average import price for reel fed offset printing machinery amounted to $X per unit, with a decrease of -9.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 58%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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