Oman: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Oman

The Omani grinding and sharpening machine market rose significantly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption posted a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Grinding And Sharpening Metal Finishing Machines in Oman

In value terms, grinding and sharpening machine production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Oman

In 2022, the amount of grinding and sharpening metal finishing machines exported from Oman reduced notably to X units, with a decrease of X% on 2021 figures. In general, exports faced a precipitous slump. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, grinding and sharpening machine exports soared to $X in 2022. Over the period under review, exports, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for grinding and sharpening machine exports from Oman, accounting for a X% share of total exports. Moreover, grinding and sharpening machine exports to the United Arab Emirates exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The third position in this ranking was taken by Sweden (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Sweden (X% per year).

In value terms, the United Arab Emirates ($X), Germany ($X) and Kuwait ($X) constituted the largest markets for grinding and sharpening machine exported from Oman worldwide, together accounting for X% of total exports. Sweden and Qatar lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grinding and sharpening machine export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price saw a significant increase. The pace of growth appeared the most rapid in 2018 an increase of X%. The export price peaked at $X per unit in 2020; however, from 2021 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 Germany ($X per unit), while the average price for exports to Qatar ($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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Oman

In 2022, the amount of grinding and sharpening metal finishing machines imported into Oman reduced dramatically to X units, falling by X% compared with the year before. In general, imports showed a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, grinding and sharpening machine imports soared to $X in 2022. Overall, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest grinding and sharpening machine supplier to Oman, with a X% share of total imports. Moreover, grinding and sharpening machine imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by Pakistan (X units), with an X% share.

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

In value terms, the United Arab Emirates ($X) constituted the largest supplier of grinding and sharpening metal finishing machines to Oman, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports. It was followed by India, with a X% share.

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

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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