Oman: Market for Pneumatic Linear Acting Actuators 2023

Market Size for Pneumatic Linear Acting Actuators in Oman

The Omani pneumatic linear acting actuator market dropped rapidly to $X in 2022, declining by -22.4% 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, saw a prominent increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from Oman

In 2022, overseas shipments of pneumatic linear acting actuators were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 6,772%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator exports dropped to $X in 2022. Over the period under review, exports posted buoyant growth. The growth pace was the most rapid in 2015 with an increase of 3,103% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Qatar (X units) and Germany (X units) were the main destinations of pneumatic linear acting actuator exports from Oman, together comprising 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +17.1%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for pneumatic linear acting actuators exports from Oman, comprising 54% of total exports. The second position in the ranking was taken by Germany ($X), with a 23% share of total exports. It was followed by the United Arab Emirates, with a 21% share.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at +52.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+23.1% per year) and the United Arab Emirates (+48.9% per year).

Export Prices by Country

The average pneumatic linear acting actuator export price stood at $X per unit in 2022, falling by -55.1% against the previous year. Overall, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 116% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United Arab Emirates ($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 Qatar (+37.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Oman

In 2022, approx. X units of pneumatic linear acting actuators were imported into Oman; which is down by -17% on 2021. Overall, imports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 169% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pneumatic linear acting actuator imports shrank notably to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 158%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), Italy (X units) and Germany (X units) were the main suppliers of pneumatic linear acting actuator imports to Oman, with a combined 59% share of total imports. The Netherlands, Qatar, China, India and France lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +34.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic linear acting actuator suppliers to Oman were the United Arab Emirates ($X), Germany ($X) and Italy ($X), together accounting for 49% of total imports. The Netherlands, China, France, Qatar and India lagged somewhat behind, together comprising a further 11%.

The Netherlands, with a CAGR of +32.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 pneumatic linear acting actuator import price amounted to $X per unit, with a decrease of -6.4% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pneumatic linear acting actuator import price increased by +83.2% against 2016 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 40% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :