Oman: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Oman

The Omani self-propelled rock cutter market soared to $X in 2021, rising by 169% against the previous year. Overall, consumption, however, saw a perceptible descent. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Self-Propelled Rock Cutter Production in Oman

In value terms, self-propelled rock cutter production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. Self-propelled rock cutter production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Self-Propelled Rock Cutter Exports

Exports from Oman

In 2021, exports of self-propelled coal or rock cutters and tunnelling machinery from Oman fell sharply to X units, which is down by -15.9% compared with the previous year's figure. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 12,800%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, self-propelled rock cutter exports shrank markedly to $X in 2021. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 29,299%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Egypt (X units) and Saudi Arabia (X units) were the main destinations of self-propelled rock cutter exports from Oman, with a combined 99% share of total exports.

From 2012 to 2021, 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 +133.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for self-propelled coal or rock cutters and tunnelling machinery exports from Oman, comprising 67% of total exports. The second position in the ranking was held by Egypt ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +143.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (0.0% per year) and Saudi Arabia (-6.9% per year).

Export Prices by Country

The average self-propelled rock cutter export price stood at $X per unit in 2021, which is down by -64.8% against the previous year. In general, the export price continues to indicate a sharp slump. The growth pace was the most rapid in 2017 when the average export price increased by 128%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Egypt ($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 the United Arab Emirates (+8.3%).

Self-Propelled Rock Cutter Imports

Imports into Oman

In 2021, the amount of self-propelled coal or rock cutters and tunnelling machinery imported into Oman reduced rapidly to X units, declining by -88.9% on the year before. In general, imports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 870% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, self-propelled rock cutter imports contracted dramatically to $X in 2021. Over the period under review, imports showed a precipitous contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 659%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units) and the UK (X units) were the main suppliers of self-propelled rock cutter imports to Oman.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of 0.0%).

In value terms, the UK ($X) constituted the largest supplier of self-propelled coal or rock cutters and tunnelling machinery to Oman, comprising 39% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by Germany, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at -25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-24.3% per year) and Germany (-3.9% per year).

Import Prices by Country

The average self-propelled rock cutter import price stood at $X per unit in 2021, dropping by -40.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 85% against the previous year. The import price peaked at $X per unit in 2020, and then declined significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+17.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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