Oman: Vacuum Vessel Market 2025

Vacuum Vessel Market Size in Oman

The Omani vacuum vessel market rose significantly to $X in 2022, surging by 11% 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). Overall, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +18.1% against 2019 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Vacuum Vessel Exports

Exports from Oman

In 2022, shipments abroad of vacuum vessels increased by 14% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2019 with an increase of 1,105% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, vacuum vessel exports declined to $X in 2022. In general, exports, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2019 when exports increased by 766%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Somalia (X units) was the main destination for vacuum vessel exports from Oman, with a 70% share of total exports. Moreover, vacuum vessel exports to Somalia exceeded the volume sent to the second major destination, Qatar (X units), fivefold. Saudi Arabia (X units) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Somalia amounted to +90.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-13.4% per year) and Saudi Arabia (+2.2% per year).

In value terms, the largest markets for vacuum vessel exported from Oman were Somalia ($X), Qatar ($X) and the United Arab Emirates ($X), with a combined 92% share of total exports.

Among the main countries of destination, Somalia, with a CAGR of +36.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vacuum vessel export price amounted to $X per unit, declining by -18.2% against the previous year. Over the period under review, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 90% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Qatar ($X per unit), while the average price for exports to Yemen ($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 Qatar (+2.8%), while the prices for the other major destinations experienced a decline.

Vacuum Vessel Imports

Imports into Oman

In 2022, purchases abroad of vacuum vessels was finally on the rise to reach X units after three years of decline. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.9% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 27% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, vacuum vessel imports rose sharply to $X in 2022. Overall, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 36%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), China (X units) and Japan (X units) were the main suppliers of vacuum vessel imports to Oman, with a combined 90% share of total imports. Sri Lanka and Saudi Arabia lagged somewhat behind, together accounting for a further 4.6%.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +75.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vacuum vessel suppliers to Oman were the United Arab Emirates ($X), Japan ($X) and China ($X), with a combined 90% share of total imports. Saudi Arabia and Sri Lanka lagged somewhat behind, together comprising a further 2.1%.

Sri Lanka, with a CAGR of +27.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vacuum vessel import price stood at $X per unit in 2022, picking up by 1.7% against the previous year. Over the period under review, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 14% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 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 Japan ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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