Oman: Boiler Parts Market 2022

Boiler Parts Market Size in Oman

For the fourth consecutive year, the Omani boiler parts market recorded decline in sales value, which decreased by -X% to $X in 2021. Overall, consumption, however, posted a significant increase. Boiler parts consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Boiler Parts Exports

Exports from Oman

In 2021, the amount of parts of boilers for central heating exported from Oman surged to X kg, rising by X% on 2020. In general, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, boiler parts exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) and Qatar (X kg) were the main destinations of boiler parts exports from Oman.

From 2012 to 2021, the biggest increases were in Qatar (with a CAGR of -X value terms, the largest markets for boiler parts exported from Oman were Qatar ($X) and the United Arab Emirates ($X the main countries of destination, Qatar, with a CAGR of -X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average boiler parts export price amounted to $X per ton, which is down by -X% against the previous year. In general, the export price showed a deep reduction. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+X%).

Boiler Parts Imports

Imports into Oman

For the fourth consecutive year, Oman recorded decline in overseas purchases of parts of boilers for central heating, which decreased by -X% to X tons in 2021. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, boiler parts imports shrank to $X in 2021. Over the period under review, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest boiler parts supplier to Oman, accounting for a X% share of total imports. Moreover, boiler parts imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X kg), fivefold. The third position in this ranking was taken by South Korea (X kg), with an X% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and South Korea (+X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of boiler parts to Oman, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2021, the average boiler parts import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price posted measured growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

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

Source: IndexBox Market Intelligence Platform

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