Oman: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Oman

After two years of growth, the Omani market for pneumatic or hydraulic hand tools decreased by -20.9% to $X in 2021. Overall, consumption, however, enjoyed a buoyant increase. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Oman

In value terms, pneumatic or hydraulic hand tool production fell to $X in 2021 estimated in export price. In general, production, however, showed resilient growth. The growth pace was the most rapid in 2016 when the production volume increased by 2,847% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Oman

In 2021, exports of pneumatic or hydraulic hand tools from Oman skyrocketed to X tons, with an increase of 17% against the previous year's figure. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 128% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool exports rose sharply to $X in 2021. In general, exports posted buoyant growth. The growth pace was the most rapid in 2017 when exports increased by 67%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The United Arab Emirates (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Oman, accounting for a 55% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to the United Arab Emirates exceeded the volume sent to the second major destination, Yemen (X tons), twofold. Qatar (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+62.2% per year) and Qatar (+12.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for pneumatic or hydraulic hand tools exports from Oman, comprising 44% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by Yemen, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.1% per year) and Yemen (+49.1% per year).

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, reducing by -8.6% against the previous year. Over the period under review, the export price, however, posted prominent growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 102% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+177.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Oman

In 2021, the amount of pneumatic or hydraulic hand tools imported into Oman reduced dramatically to X tons, waning by -16.8% against the previous year's figure. Overall, imports continue to indicate a pronounced descent. The growth pace was the most rapid in 2014 when imports increased by 103% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports skyrocketed to $X in 2021. In general, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2014 with an increase of 57% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of pneumatic or hydraulic hand tool to Oman, with a 52% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.6% per year) and Malaysia (-2.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Oman, comprising 42% of total imports. The second position in the ranking was taken by China ($X), with a 7.4% share of total imports. It was followed by Malaysia, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.9% per year) and Malaysia (+1.8% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, jumping by 41% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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