Oman: Market for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors 2024

Market Size for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors in Oman

After three years of growth, the Omani market for fork-lift trucks and other industrial works trucks and tractors decreased by X% to $X in 2022. In general, consumption, however, showed a prominent expansion. As a result, consumption attained the peak level of $X, and then shrank markedly in the following year.

Exports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Exports from Oman

In 2022, overseas shipments of fork-lift trucks and other industrial works trucks and tractors decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then shrank remarkably in the following year.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors expanded significantly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for exports of fork-lift trucks and other industrial works trucks and tractors from Oman, accounting for a X% share of total exports. Moreover, exports of fork-lift trucks and other industrial works trucks and tractors to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X units), more than tenfold. The third position in this ranking was held by Iran (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Iran (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for fork-lift trucks and other industrial works trucks and tractors exports from Oman, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports. It was followed by Sudan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Sudan (X% per year).

Export Prices by Country

The average export price for fork-lift trucks and other industrial works trucks and tractors stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to Qatar ($X 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 (X%), while the prices for the other major destinations experienced a decline.

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Imports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Imports into Oman

In 2022, supplies from abroad of fork-lift trucks and other industrial works trucks and tractors decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then contracted sharply in the following year.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors expanded slightly to $X in 2022. Overall, imports showed a slight shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and Japan (X units) were the main suppliers of imports of fork-lift trucks and other industrial works trucks and tractors to Oman, with a combined X% share of total imports. Italy, France, the UK and Canada lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of fork-lift trucks and other industrial works trucks and tractors to Oman, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

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

Import Prices by Country

The average import price for fork-lift trucks and other industrial works trucks and tractors stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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