Speed Changer Price in Oman - 2021

Contents:

1. Speed Changer Price in Oman (CIF) - 2022
2. Speed Changer Price in Oman (FOB) - 2022
3. Speed Changer Imports in Oman
4. Speed Changer Exports in Oman

Speed Changer Price in Oman (CIF) - 2022

The average speed changer import price stood at $19,946 per ton in 2022, almost unchanged from the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 58%. As a result, import price attained the peak level of $21,382 per ton. From 2019 to 2022, the average 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 the UK ($70,372 per ton), while the price for Thailand ($4,741 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Price in Oman (FOB) - 2022

The average speed changer export price stood at $14,487 per ton in 2022, picking up by 28% against the previous year. Overall, the export price, however, continues to indicate a deep slump. The growth pace was the most rapid in 2018 when the average export price increased by 92%. Over the period under review, the average export prices attained the peak figure at $32,605 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($91,755 per ton), while the average price for exports to the United Arab Emirates ($5,393 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+8.5%), while the prices for the other major destinations experienced a decline.

Speed Changer Imports in Oman

After two years of decline, purchases abroad of speed changers, industrial high-speed drives and gear increased by 21% to 746 tons in 2022. Overall, imports, however, continue to indicate a abrupt shrinkage.

In value terms, speed changer imports soared to $15M in 2022. Over the period under review, imports, however, showed a abrupt descent.

Top Suppliers of Speed Changer to Oman in 2022:

1. United Arab Emirates (224.2 tons)
2. China (101.2 tons)
3. India (57.0 tons)
4. United Kingdom (33.7 tons)
5. Germany (25.4 tons)
6. Qatar (16.4 tons)
7. United States (16.3 tons)
8. Netherlands (15.5 tons)
9. Thailand (11.1 tons)
10. Japan (9.6 tons)
11. Belgium (7.6 tons)

Speed Changer Exports in Oman

In 2022, approx. 98 tons of speed changers, industrial high-speed drives and gear were exported from Oman; picking up by 2.3% against 2021. Overall, total exports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +3.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -33.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 66% against the previous year. As a result, the exports attained the peak of 147 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, speed changer exports skyrocketed to $1.4M in 2022. In general, exports, however, recorded a noticeable downturn.

Top Export Markets for Speed Changer from Oman in 2022:

1. Iran (48.6 tons)
2. United Arab Emirates (18.0 tons)
3. Germany (8.1 tons)
4. Qatar (5.9 tons)
5. United Kingdom (1.8 tons)
6. Saudi Arabia (1.5 tons)
7. Austria (1.5 tons)
8. Italy (0.3 tons)

Source: IndexBox Market Intelligence Platform