Oman: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Oman

The Omani endless machinery band market fell slightly to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Endless machinery band consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Endless Machinery Band Production in Oman

In value terms, endless machinery band production declined to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Endless Machinery Band Exports

Exports from Oman

In 2022, exports of endless bands for machinery, of stainless steel from Oman stood at less than X square meters, approximately equating 2021 figures. Over the period under review, exports saw a moderate expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of X square meters. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, endless machinery band exports stood at $X in 2022. Overall, exports showed a precipitous setback. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Somalia (X square meters) was the main destination for endless machinery band exports from Oman, accounting for a X% share of total exports. Moreover, endless machinery band exports to Somalia exceeded the volume sent to the second major destination, the United Arab Emirates (X square meters), threefold.

From 2015 to 2020, the average annual rate of growth in terms of volume to Somalia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

In value terms, Somalia ($X) emerged as the key foreign market for endless bands for machinery, of stainless steel exports from Oman, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports.

From 2015 to 2020, the average annual growth rate of value to Somalia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

Export Prices by Country

The average endless machinery band export price stood at $X per square meter in 2020, dropping by X% against the previous year. Over the period under review, the export price, however, showed a temperate expansion. The growth pace was the most rapid in 2019 an increase of X%. As a result, the export price reached the peak level of $X per square meter, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per square meter), while the average price for exports to the United Arab Emirates ($X per square meter) was amongst the lowest.

From 2015 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (X%), while the prices for the other major destinations experienced mixed trend patterns.

Endless Machinery Band Imports

Imports into Oman

In 2022, purchases abroad of endless bands for machinery, of stainless steel decreased by X% to X square meters, falling for the second consecutive year after three years of growth. In general, imports recorded a precipitous setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, endless machinery band imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X square meters) constituted the largest endless machinery band supplier to Oman, with a X% share of total imports. Moreover, endless machinery band imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X square meters), threefold. India (X square meters) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and India (X% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of endless bands for machinery, of stainless steel to Oman, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by the United States, with an X% share.

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

Import Prices by Country

The average endless machinery band import price stood at $X per square meter in 2022, picking up by X% against the previous year. In general, the import price recorded strong growth. As a result, import price reached the peak level and is likely to continue 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 the United States ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :