Oman: Vacuum Pump Market 2024

Vacuum Pump Market Size in Oman

The Omani vacuum pump market reached $X in 2022, rising by 2.9% against the previous year. Overall, consumption saw a tangible expansion. Vacuum pump consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Vacuum Pump Production in Oman

In value terms, vacuum pump production reached $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 52% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Vacuum Pump Exports

Exports from Oman

In 2022, after two years of decline, there was growth in shipments abroad of vacuum pumps, when their volume increased by 3.7% to X units. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 269%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, vacuum pump exports declined to $X in 2022. Over the period under review, exports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2019 with an increase of 153% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Egypt (X units) was the main destination for vacuum pump exports from Oman, with a 61% share of total exports. Moreover, vacuum pump exports to Egypt exceeded the volume sent to the second major destination, the United Arab Emirates (X units), ninefold. Iran (X units) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt amounted to +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+1.9% per year) and Iran (+16.8% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for vacuum pumps exports from Oman, comprising 13% of total exports. The second position in the ranking was held by Egypt ($X), with a 5.5% share of total exports. It was followed by the UK, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at -14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-7.0% per year) and the UK (+10.8% per year).

Export Prices by Country

The average vacuum pump export price stood at $X per unit in 2022, falling by -13.9% against the previous year. Overall, the export price faced a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 58%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.8%), while the prices for the other major destinations experienced a decline.

Vacuum Pump Imports

Imports into Oman

After two years of decline, purchases abroad of vacuum pumps increased by 24% to X units in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 474%. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, vacuum pump imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 529%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units), Germany (X units) and India (X units) were the main suppliers of vacuum pump imports to Oman, with a combined 45% share of total imports. The Netherlands, the UK, Qatar, Italy, the United States and Japan lagged somewhat behind, together comprising a further 9.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +61.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vacuum pump suppliers to Oman were the United Arab Emirates ($X), Germany ($X) and the UK ($X), together accounting for 41% of total imports. India, Qatar, the Netherlands, Italy, the United States and Japan lagged somewhat behind, together accounting for a further 5.4%.

In terms of the main suppliers, the Netherlands, with a CAGR of +46.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vacuum pump import price amounted to $X per unit, with a decrease of -2.1% against the previous year. Over the period under review, the import price recorded a noticeable setback. The pace of growth was the most pronounced in 2016 when the average import price increased by 161% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :