Oman: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Oman

The Omani market for parts of apparatus of hs declined rapidly to $X in 2021, waning by -31.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded strong growth. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Exports of Parts Of Apparatus Of Hs

Exports from Oman

In 2021, shipments abroad of parts of apparatus of hs decreased by -48.5% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 2,034%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, parts of apparatus of hs exports declined remarkably to $X in 2021. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 4,302%. The exports peaked at $X in 2020, and then reduced remarkably in the following year.

Exports by Country

Iran (X units), the United Arab Emirates (X units) and Kuwait (X units) were the main destinations of parts of apparatus of hs exports from Oman, with a combined 0.9% share of total exports. Ethiopia and the UK lagged somewhat behind, together comprising a further 0.1%.

From 2012 to 2021, the biggest increases were recorded for Ethiopia (with a CAGR of +62.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), the United Arab Emirates ($X) and Ethiopia ($X) constituted the largest markets for parts of apparatus of hs exported from Oman worldwide, with a combined 2.2% share of total exports.

Ethiopia, with a CAGR of +127.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for parts of apparatus of hs amounted to $X per unit, shrinking by -36.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 106%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+41.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Oman

Parts of apparatus of hs imports into Oman shrank significantly to X units in 2021, with a decrease of -26.2% compared with 2020 figures. Over the period under review, imports, however, showed a strong increase. The growth pace was the most rapid in 2017 when imports increased by 108% against the previous year. Over the period under review, imports hit record highs at X units in 2020, and then reduced sharply in the following year.

In value terms, parts of apparatus of hs imports reduced dramatically to $X in 2021. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 167% against the previous year. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest supplier of parts of apparatus of hs to Oman, with a 33% share of total imports. Moreover, parts of apparatus of hs imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. Spain (X units) ranked third in terms of total imports with a 0.8% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.5% per year) and Spain (+3.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of parts of apparatus of hs to Oman, comprising 181% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Qatar, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.4% per year) and Qatar (+19.7% per year).

Import Prices by Country

In 2021, the average import price for parts of apparatus of hs amounted to $X per unit, reducing by -33% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of apparatus of hs import price increased by +15.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 73% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Qatar ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+44.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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