Oman: Market for Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips 2024

Market Size for Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in Oman

The Omani market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips soared to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw resilient growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Exports from Oman

In 2022, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from Oman fell remarkably to X kg, with a decrease of X% against the previous year's figure. Overall, exports saw a slight reduction. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at X kg in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips expanded slightly to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X kg), Indonesia (X kg) and the United Arab Emirates (X kg) were the main destinations of exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from Oman, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unmounted tool inserts, sticks or plates exported from Oman were Singapore ($X), Indonesia ($X) and the United Arab Emirates ($X), together accounting for X% of total exports. Qatar and India lagged somewhat behind, together comprising a further X%.

Qatar, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price saw modest growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to India ($X 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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Imports into Oman

In 2022, the amount of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips imported into Oman skyrocketed to X tons, rising by X% on the previous year. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips skyrocketed to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of unmounted tool inserts, sticks or plates to Oman, accounting for a X% share of total imports. Moreover, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from South Korea exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and India (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips to Oman, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average import price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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