Oman: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Oman

The Omani market for machine-tools for working stone, ceramics, and concrete expanded rapidly to $X in 2022, picking up by X% against the previous year. In general, consumption, however, recorded a deep downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Oman

In value terms, machine tools for working stone production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Oman

In 2022, the amount of machine-tools for working stone, ceramics, and concrete exported from Oman reduced notably to X units, falling by X% against 2021 figures. In general, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, machine tools for working stone exports declined dramatically to $X in 2022. Over the period under review, exports faced a deep reduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for machine tools for working stone exports from Oman, with a X% share of total exports. Moreover, machine tools for working stone exports to the United Arab Emirates exceeded the volume sent to the second major destination, Turkey (X units), sixfold.

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

In value terms, Turkey ($X) emerged as the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Oman, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey 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 Yemen (X% per year).

Export Prices by Country

In 2022, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Turkey ($X per unit), while the average price for exports to the United Arab Emirates ($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 Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Oman

In 2022, approx. X units of machine-tools for working stone, ceramics, and concrete were imported into Oman; increasing by X% compared with the previous year. Overall, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine tools for working stone imports skyrocketed to $X in 2022. In general, imports continue to indicate a resilient expansion. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of machine tools for working stone to Oman, accounting for a X% share of total imports. Moreover, machine tools for working stone imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume 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 Italy (X% per year).

In value terms, the largest machine tools for working stone suppliers to Oman were China ($X), Italy ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, dropping by X% against the previous year. In general, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2018 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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