Price for Machinery; Parts of the Machinery of Heading No. 8425 in Oman - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Oman (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Oman (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Oman
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Oman
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Oman (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $11,187 per ton, rising by 30% against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. The growth pace was the most rapid in 2020 an increase of 31%. Over the period under review, average import prices hit record highs at $21,871 per ton in 2012; however, from 2013 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 United States ($47,156 per ton), while the price for Pakistan ($1,717 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Oman (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $12,232 per ton, with an increase of 93% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 117%. The export price peaked at $12,359 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($14,609 per ton), while the average price for exports to Saudi Arabia ($2,466 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+33.8%), while the prices for the other major destinations experienced a decline.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Oman
In 2022, approx. 241 tons of machinery; parts of the machinery of heading no. 8425 were imported into Oman; reducing by -54.7% compared with the previous year. In general, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 125%. As a result, imports reached the peak of 532 tons, and then dropped sharply in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 dropped sharply to $2.7M in 2022. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 76% against the previous year. As a result, imports attained the peak of $4.6M, and then fell markedly in the following year.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1,119 | 1,359 | 1,416 | 1,081 | -1.1% |
| China | 1,167 | 448 | 1,710 | 926 | -7.4% |
| Qatar | 375 | 209 | 275 | 191 | -20.1% |
| United States | 167 | 40.7 | 634 | 80.3 | -21.7% |
| United Kingdom | 78.1 | 74.7 | 42.7 | 73.3 | -2.1% |
| Saudi Arabia | 327 | 139 | 2.0 | 48.7 | -47.0% |
| India | 77.1 | 85.5 | 88.9 | 45.1 | -16.4% |
| Pakistan | N/A | N/A | N/A | 12.9 | 0% |
| Free Zones | 56.1 | N/A | 135 | N/A | 55.1% |
| Others | 488 | 244 | 276 | 241 | -21.0% |
| Total | 3,855 | 2,601 | 4,579 | 2,700 | -11.2% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Oman in 2022:
- China (151.5 tons)
- United Arab Emirates (37.6 tons)
- Saudi Arabia (20.5 tons)
- India (9.1 tons)
- Pakistan (7.5 tons)
- United Kingdom (4.3 tons)
- Qatar (3.1 tons)
- United States (1.7 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Oman
In 2022, the amount of machinery; parts of the machinery of heading no. 8425 exported from Oman contracted dramatically to 98 tons, waning by -37.9% compared with the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 128% against the previous year. As a result, the exports reached the peak of 158 tons, and then dropped dramatically in the following year.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 skyrocketed to $1.2M in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 50%. Over the period under review, the exports of machinery; parts of machinery of heading no. 8425 reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 295 | 744 | 161 | 1,145 | 57.2% |
| Iran | N/A | 1.4 | 23.7 | 19.0 | 268.4% |
| India | 65.7 | N/A | N/A | 18.6 | -34.3% |
| United Kingdom | N/A | N/A | 175 | 12.6 | -92.8% |
| Somalia | N/A | N/A | N/A | 5.2 | 0% |
| United Arab Emirates | 61.4 | 5.2 | 385 | 1.4 | -71.6% |
| Saudi Arabia | N/A | 0.2 | 82.1 | 0.3 | 22.5% |
| Netherlands | 49.0 | N/A | N/A | 0.2 | -84.0% |
| Singapore | N/A | N/A | 135 | N/A | 0% |
| Others | 31.5 | 2.0 | 41.2 | 2.4 | -57.6% |
| Total | 502 | 753 | 1,004 | 1,204 | 33.9% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Oman in 2022:
- Qatar (78.4 tons)
- Iran (7.7 tons)
- India (7.5 tons)
- Somalia (2.1 tons)
- United Kingdom (1.3 tons)
- United Arab Emirates (0.3 tons)
- Saudi Arabia (0.1 tons)
- Netherlands (0.1 tons)
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