Oman: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in Oman

The Omani transporter and bridge cranes market surged to $X in 2021, picking up by 1,338% against the previous year. Overall, consumption recorded prominent growth. Transporter and bridge cranes consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in Oman

In value terms, transporter and bridge cranes production fell significantly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 512%. Transporter and bridge cranes production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports from Oman

Transporter and bridge cranes exports from Oman dropped markedly to X units in 2021, shrinking by -76.4% on 2020. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 533%. Over the period under review, the exports attained the maximum at X units in 2020, and then contracted rapidly in the following year.

In value terms, transporter and bridge cranes exports fell sharply to $X in 2021. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2016 with an increase of 531%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), Saudi Arabia (X units) and China (X units) were the main destinations of transporter and bridge cranes exports from Oman, with a combined 87% share of total exports. Yemen, the United Arab Emirates and Tanzania lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Yemen (with a CAGR of +133.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for transporter cranes, gantry cranes and bridge cranes exports from Oman, comprising 55% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 14% share of total exports. It was followed by India, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+31.5% per year) and India (+32.3% per year).

Export Prices by Country

The average transporter and bridge cranes export price stood at $X per unit in 2021, growing by 78% against the previous year. In general, the export price, however, recorded a deep contraction. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to India ($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 Tanzania (+103.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports into Oman

In 2021, approx. X units of transporter cranes, gantry cranes and bridge cranes were imported into Oman; with an increase of 532% against the year before. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 813%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, transporter and bridge cranes imports skyrocketed to $X in 2021. Over the period under review, imports posted a prominent increase. The growth pace was the most rapid in 2019 with an increase of 1,121%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Ireland (X units) and Qatar (X units) were the main suppliers of transporter and bridge cranes imports to Oman, together accounting for 94% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +95.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), China ($X) and Qatar ($X) constituted the largest transporter and bridge cranes suppliers to Oman, together comprising 95% of total imports.

China, with a CAGR of +96.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average transporter and bridge cranes import price amounted to $X per unit, growing by 58% against the previous year. Overall, the import price, however, saw a noticeable contraction. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Ireland ($X per unit), while the price for Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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