Oman: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Oman

The Omani metal threading machine market soared to $X in 2021, increasing by 85% 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). Over the period under review, consumption, however, saw a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Metal Threading Machine Exports

Exports from Oman

In 2021, exports of threading or tapping machines for working metal from Oman declined sharply to X units, reducing by -22.7% on the year before. In general, exports, however, saw a prominent increase. The growth pace was the most rapid in 2016 with an increase of 500% against the previous year. The exports peaked at X units in 2020, and then shrank sharply in the following year.

In value terms, metal threading machine exports reduced to $X in 2021. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 267%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Qatar (X units) and Yemen (X units) were the main destinations of metal threading machine exports from Oman. Moreover, metal threading machine exports in the United Arab Emirates exceeded the figures recorded by the second-largest exporter, Qatar, twofold.

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 +11.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for threading or tapping machines for working metal exports from Oman, comprising 71% of total exports. The second position in the ranking was taken by Qatar ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-1.9% per year) and Yemen (0.0% per year).

Export Prices by Country

The average metal threading machine export price stood at $X per unit in 2021, increasing by 13% against the previous year. Overall, the export price, however, recorded a deep downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 40%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Yemen ($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 (-2.8%).

Metal Threading Machine Imports

Imports into Oman

In 2021, metal threading machine imports into Oman surged to X units, growing by 79% compared with the year before. Overall, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 391%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, metal threading machine imports soared to $X in 2021. In general, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 325%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X units) constituted the largest supplier of metal threading machine to Oman, with a 45% share of total imports. Moreover, metal threading machine imports from Thailand exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+51.3% per year) and the United Arab Emirates (-10.6% per year).

In value terms, Thailand ($X) constituted the largest supplier of threading or tapping machines for working metal to Oman, comprising 61% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.7% share of total imports. It was followed by India, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from Thailand stood at +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-14.3% per year) and India (+17.7% per year).

Import Prices by Country

The average metal threading machine import price stood at $X per unit in 2021, with a decrease of -12.2% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 57% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+39.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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