Price for Machines; Parts and Accessories, of Heading No. 8472 in Oman - 2022

Contents:

1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Oman (CIF) - 2022
2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Oman (FOB) - 2022
3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Oman
4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Oman

Price for Machines; Parts and Accessories, of Heading No. 8472 in Oman (CIF) - 2022

In 2022, the average import price for machines; parts and accessories, of heading no. 8472 amounted to $84,303 per ton, jumping by 23% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2015 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs at $110,920 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($749,925 per ton), while the price for Pakistan ($6,378 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Oman (FOB) - 2022

In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $113,647 per ton, growing by 8.3% against the previous year. Over the period under review, the export price saw a temperate expansion. The growth pace was the most rapid in 2013 an increase of 127% against the previous year. As a result, the export price attained the peak level of $178,148 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($326,526 per ton), while the average price for exports to Yemen ($17,412 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 Qatar (+50.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Oman

For the third consecutive year, Oman recorded decline in overseas purchases of machines; parts and accessories, of heading no. 8472, which decreased by -29.3% to 20 tons in 2022. In general, imports faced a precipitous descent. The smallest decline of -25.9% was in 2021.

In value terms, imports of machines; parts and accessories, of heading no. 8472 declined to $1.7M in 2022. Over the period under review, imports faced a significant contraction.

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Oman in 2022:

1. United Arab Emirates (17.3 tons)
2. Pakistan (1.0 tons)
3. Turkey (0.5 tons)
4. Bahrain (0.1 tons)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Oman

After two years of decline, overseas shipments of machines; parts and accessories, of heading no. 8472 increased by 2,790% to 578 kg in 2022. In general, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of machines; parts and accessories, of heading no. 8472 skyrocketed to $66K in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Oman in 2022:

1. Yemen (403.0 kg)
2. Germany (58.0 kg)
3. United Arab Emirates (56.0 kg)
4. Qatar (24.0 kg)
5. United States (19.0 kg)

Source: IndexBox Market Intelligence Platform