Oman: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in Oman

The Omani cable-making machine market shrank modestly to $X in 2022, flattening at the previous year. Overall, consumption, however, recorded a remarkable increase. Cable-making machine consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Cable-Making Machine Production in Oman

In value terms, cable-making machine production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Cable-Making Machine Exports

Exports from Oman

In 2022, shipments abroad of rope or cable-making machines decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cable-making machine exports dropped rapidly to $X in 2022. Overall, exports saw a precipitous contraction. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X units) and the United Arab Emirates (X units) were the main destinations of cable-making machine exports from Oman.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%).

In value terms, Belgium ($X) remains the key foreign market for rope or cable-making machines exports from Oman, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium amounted to X%.

Export Prices by Country

The average cable-making machine export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%).

Cable-Making Machine Imports

Imports into Oman

In 2022, approx. X units of rope or cable-making machines were imported into Oman; reducing by X% on the previous year. Over the period under review, imports saw a deep slump. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, cable-making machine imports declined dramatically to $X in 2022. In general, imports showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of cable-making machine to Oman, with a X% share of total imports. Moreover, cable-making machine imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), twofold. The third position in this ranking was held by India (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and India (X% per year).

In value terms, Finland ($X) constituted the largest supplier of rope or cable-making machines to Oman, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Finland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Belgium (X% per year).

Import Prices by Country

The average cable-making machine import price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price faced a deep setback. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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