Oman: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Oman

The Omani metal sawing machine market skyrocketed to $X in 2021, increasing by 24% 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, saw a abrupt setback. Metal sawing machine consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Metal Sawing Machine Exports

Exports from Oman

Metal sawing machine exports from Oman soared to X units in 2021, picking up by 28% compared with 2020 figures. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 275% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, metal sawing machine exports skyrocketed to $X in 2021. Over the period under review, exports showed a notable increase. The pace of growth was the most pronounced in 2016 when exports increased by 395% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Qatar (X units) was the main destination for metal sawing machine exports from Oman, accounting for a 68% share of total exports. Moreover, metal sawing machine exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar amounted to +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+22.3% per year) and Iran (0.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for sawing or cutting-off machines for working metal exports from Oman, comprising 39% of total exports. The second position in the ranking was taken by Iran ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (0.0% per year) and Qatar (+3.5% per year).

Export Prices by Country

In 2021, the average metal sawing machine export price amounted to $X per unit, growing by 9.1% against the previous year. In general, the export price, however, faced a deep contraction. The pace of growth was the most pronounced in 2019 an increase of 144%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Iran ($X per unit), while the average price for exports to Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (-15.3%).

Metal Sawing Machine Imports

Imports into Oman

In 2021, approx. X units of sawing or cutting-off machines for working metal were imported into Oman; picking up by 73% on the year before. Over the period under review, imports, however, recorded a noticeable decline. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, metal sawing machine imports contracted markedly to $X in 2021. Overall, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 68% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units), China (X units) and Saudi Arabia (X units) were the main suppliers of metal sawing machine imports to Oman, together accounting for 87% of total imports. These countries were followed by Iran, Japan, India, Italy and Malaysia, which together accounted for a further 8.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +23.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Japan ($X) and China ($X) constituted the largest metal sawing machine suppliers to Oman, together accounting for 76% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +30.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average metal sawing machine import price amounted to $X per unit, falling by -52.5% against the previous year. In general, the import price showed a drastic downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 42%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Iran ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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