Price for Textile Machinery; Spinning Machines in Oman - 2021
Contents:
- Price for Textile Machinery; Spinning Machines in Oman (CIF) - 2022
- Imports of Textile Machinery; Spinning Machines in Oman
Price for Textile Machinery; Spinning Machines in Oman (CIF) - 2022
In 2022, the average textile machinery; spinning machines import price amounted to $43,237 per unit, with an increase of 53% against the previous year. In general, the import price enjoyed a strong increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 137% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
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 India ($44,964 per unit), while the price for Turkey ($531 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Textile Machinery; Spinning Machines in Oman
In 2022, after three years of growth, there was significant decline in purchases abroad of textile machinery; spinning machineses, when their volume decreased by -64.8% to 31 units. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 450% against the previous year. As a result, imports attained the peak of 88 units, and then declined sharply in the following year.
In value terms, textile machinery; spinning machines imports declined dramatically to $1.3M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,202% against the previous year. As a result, imports attained the peak of $2.5M, and then dropped significantly in the following year.
| Import of Textile Machinery; Spinning Machines in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 52.5 | 96.3 | 1,520 | 809 | 148.8% |
| United Arab Emirates | 0.3 | 94.9 | 967 | 530 | 1108.9% |
| Turkey | N/A | N/A | N/A | 0.5 | 0% |
| Others | 0.2 | N/A | 3.1 | N/A | 293.7% |
| Total | 53.0 | 191 | 2,489 | 1,340 | 193.5% |
Top Suppliers of Textile Machinery; Spinning Machines to Oman in 2022:
- India (18.0 units)
- United Arab Emirates (12.0 units)
- Turkey (1.0 units)
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