Price for Machinery; Parts of the Machinery of Heading No. 8427 in Oman - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Oman (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Oman (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Oman
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Oman
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Oman (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $12,041 per ton in 2022, dropping by -10.9% against the previous year. Overall, the import price, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 43% against the previous year. Over the period under review, average import prices hit record highs at $13,510 per ton in 2021, and then declined in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($12,670 per ton), while the price for China ($4,403 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Oman (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $11,395 per ton in 2022, with an increase of 21% against the previous year. In general, the export price saw a modest expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 654%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($11,347 per ton) and China ($11,346 per ton), while the average price for exports to Saudi Arabia ($11,344 per ton) and the United States ($11,344 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Oman
In 2022, purchases abroad of machinery; parts of the machinery of heading no. 8427 increased by 25% to 238 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a dramatic setback.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 totaled $2.9M in 2022. Overall, imports, however, recorded a dramatic setback.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 5,057 | 1,469 | 872 | 1,159 | -38.8% |
| Japan | 208 | 538 | 613 | 703 | 50.1% |
| Qatar | 340 | 88.1 | 92.4 | 158 | -22.5% |
| Sweden | 74.3 | 44.6 | 156 | 154 | 27.5% |
| France | 281 | 43.5 | 18.4 | 106 | -27.7% |
| China | 558 | 149 | 106 | 99.9 | -43.6% |
| Thailand | 24.9 | 95.6 | 129 | 98.1 | 57.9% |
| India | 145 | 2.6 | 10.8 | 32.1 | -39.5% |
| Saudi Arabia | 238 | 96.6 | 156 | 2.9 | -77.0% |
| Free Zones | 2,836 | N/A | N/A | N/A | 0% |
| Others | 1,473 | 384 | 426 | 351 | -38.0% |
| Total | 11,234 | 2,910 | 2,580 | 2,863 | -36.6% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Oman in 2022:
- United Arab Emirates (91.5 tons)
- Japan (55.5 tons)
- China (22.7 tons)
- Qatar (12.5 tons)
- Sweden (12.1 tons)
- France (8.4 tons)
- Thailand (7.7 tons)
- India (2.5 tons)
- Saudi Arabia (0.2 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Oman
Exports of machinery; parts of the machinery of heading no. 8427 from Oman expanded modestly to 79 tons in 2022, picking up by 3.2% compared with the previous year. Over the period under review, exports, however, saw a significant decline. The pace of growth was the most pronounced in 2021 when exports increased by 49% against the previous year.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 skyrocketed to $900K in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 65% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 80.1 | 8.1 | 293 | 532 | 88.0% |
| Hong Kong SAR | N/A | 41.0 | 25.8 | 67.2 | 28.0% |
| Singapore | 94.9 | 92.9 | 26.0 | 61.3 | -13.6% |
| Saudi Arabia | N/A | 17.7 | N/A | 60.1 | 84.3% |
| China | N/A | N/A | 22.5 | 51.7 | 129.8% |
| United States | 62.4 | 5.1 | 27.5 | 38.9 | -14.6% |
| Australia | 35.3 | 70.9 | 64.5 | 26.2 | -9.5% |
| Qatar | 15.6 | 78.5 | 96.5 | N/A | 148.7% |
| Lebanon | 17.0 | N/A | N/A | N/A | 0% |
| Liberia | 6.6 | N/A | N/A | N/A | 0% |
| Others | 207 | 125 | 167 | 63.2 | -32.7% |
| Total | 519 | 439 | 723 | 900 | 20.1% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Oman in 2022:
- United Arab Emirates (46.9 tons)
- Hong Kong SAR (5.9 tons)
- Singapore (5.4 tons)
- Saudi Arabia (5.3 tons)
- China (4.6 tons)
- United States (3.4 tons)
- Australia (2.3 tons)
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