Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Oman - 2022
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Oman (CIF) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Oman (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Oman
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Oman
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Oman (CIF) - 2022
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $27 per unit in 2022, waning by -14.8% against the previous year. Over the period under review, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 34%. The import price peaked at $42 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($63 per unit), while the price for South Korea ($5.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Oman (FOB) - 2022
The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $30 per unit in 2022, with an increase of 5.4% against the previous year. Overall, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 621%. As a result, the export price reached the peak level of $76 per unit. From 2014 to 2022, the average export prices failed to regain momentum.
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 Saudi Arabia ($54 per unit), while the average price for exports to Somalia ($12 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 Yemen (+90.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Oman
In 2022, purchases abroad of refrigerating or freezing equipment; parts thereof, other than furniture decreased by -24.4% to 269K units, falling for the second year in a row after two years of growth. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 108% against the previous year. As a result, imports reached the peak of 573K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture dropped markedly to $7.1M in 2022. Overall, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 149% against the previous year. As a result, imports reached the peak of $22M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.4 | 5.2 | 5.5 | 3.3 | 11.2% |
| China | 0.4 | 0.3 | 0.9 | 0.8 | 26.0% |
| Italy | 0.4 | 0.5 | 0.1 | 0.6 | 14.5% |
| India | 0.1 | 0.1 | 0.4 | 0.4 | 58.7% |
| Sri Lanka | N/A | N/A | N/A | 0.4 | 0% |
| Thailand | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
| Germany | 2.2 | 0.3 | 0.1 | 0.2 | -55.0% |
| South Korea | N/A | N/A | N/A | 0.2 | 0% |
| Saudi Arabia | 1.0 | 12.9 | 3.1 | 0.1 | -53.6% |
| Jordan | 0.9 | 0.6 | N/A | 0.1 | -51.9% |
| Others | 1.2 | 1.9 | 0.7 | 0.8 | -12.6% |
| Total | 8.7 | 21.7 | 11.1 | 7.1 | -6.5% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Oman in 2022:
- United Arab Emirates (108.7K units)
- China (47.2K units)
- India (37.5K units)
- South Korea (32.3K units)
- Italy (10.0K units)
- Sri Lanka (6.5K units)
- Thailand (4.8K units)
- Germany (3.3K units)
- Jordan (2.3K units)
- Saudi Arabia (1.8K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Oman
In 2022, after three years of growth, there was significant decline in shipments abroad of refrigerating or freezing equipment; parts thereof, other than furniture, when their volume decreased by -64.9% to 15K units. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 244% against the previous year. The exports peaked at 43K units in 2021, and then declined dramatically in the following year.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture shrank rapidly to $454K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 356%. Over the period under review, the exports of reached the maximum at $1.2M in 2021, and then contracted sharply in the following year.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 20.3 | 173 | 81.5 | 173 | 104.3% |
| Qatar | 125 | 96.5 | 13.8 | 100 | -7.2% |
| Kuwait | N/A | N/A | N/A | 78.3 | 0% |
| Saudi Arabia | N/A | N/A | N/A | 41.3 | 0% |
| Yemen | 0.2 | 388 | 1,026 | 30.0 | 431.3% |
| Somalia | 1.6 | N/A | 11.1 | 29.0 | 162.7% |
| United Kingdom | N/A | 132 | N/A | N/A | 0% |
| Others | 27.0 | 5.2 | 94.5 | 1.7 | -60.2% |
| Total | 174 | 795 | 1,227 | 454 | 37.7% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Oman in 2022:
- United Arab Emirates (8.0K units)
- Somalia (2.3K units)
- Qatar (1.9K units)
- Kuwait (1.5K units)
- Saudi Arabia (0.8K units)
- Yemen (0.6K units)
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