Oman: Grinding Machine Market 2024

Grinding Machine Market Size in Oman

The Omani grinding machine market dropped markedly to $X in 2022, falling by X% against the previous year. In general, consumption, however, recorded prominent growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Grinding Machine Production in Oman

In value terms, grinding machine production rose notably to $X in 2022 estimated in export price. Overall, production, however, recorded a dramatic decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Grinding Machine Exports

Exports from Oman

Grinding machine exports from Oman surged to X units in 2022, rising by X% against 2021. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, grinding machine exports skyrocketed to $X in 2022. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X units) was the main destination for grinding machine exports from Oman, accounting for a X% share of total exports. Moreover, grinding machine exports to the United Arab Emirates exceeded the volume sent to the second major destination, Egypt (X units), ninefold. Kuwait (X units) ranked third in terms of total exports with a X% share.

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

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for machines having individual functions, for mixing, kneading, crushing or grinding exports from Oman, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

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

Export Prices by Country

In 2022, the average grinding machine export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the average price for exports to the United Arab Emirates ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Oman

In 2022, grinding machine imports into Oman skyrocketed to X units, rising by X% on the previous year's figure. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, grinding machine imports shrank significantly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 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

The United Arab Emirates (X units), India (X units) and Poland (X units) were the main suppliers of grinding machine imports to Oman, together comprising X% of total imports. Luxembourg, the United States, Qatar, Italy and China lagged somewhat behind, together accounting for a further X%.

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

In value terms, Italy ($X), the United Arab Emirates ($X) and Poland ($X) appeared to be the largest grinding machine suppliers to Oman, with a combined X% share of total imports. China, India, Luxembourg, the United States and Qatar lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average grinding machine import price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 ($X per unit), while the price for the United States ($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 mixed trend patterns.

Source: IndexBox Platform

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